Xplora Technologies AS – Share option program

Oslo, 29 June 2022 - The board of directors of Xplora Technologies AS (“Xplora Technologies” or the “Company”) resolved on 20 August 2020 to implement a share option program for management of the Company, for the fiscal years 2020-2022. The share option program is executed to increase the Company’s capability to retain, recompense and attract talent to help realize the Company ambitious growth plan. It is considered valuable for all Company stakeholders to carry out an incentive for key employees to have ownership in the Company. At a meeting of the board of directors of the Company on 2 June 2022 it was resolved to extend the program with a fourth year. Further to this, the Company has today entered into option agreements with primary insiders Sten Kirkbak, CEO, and Mikael Clement, CFO, respectively. Sten Kirkbak is given the right, but not the obligation to subscribe for 324 675 shares in the Company, and Mikael Clement is given the right, but not the obligation to subscribe for 202 916 shares in the Company, both with a subscription price of NOK 14.7008. The subscription price is based on a 30 days WVAP as per 20 June 2022. The vesting period is 1 year from 1 January 2023 to 31 December 2023, and exercise is conditional upon employment in the Company. Following this grant; a. Sten Kirkbak holds 1 298 700 share options in the Company. He also owns (i) 50% of the company MK Capital AS who owns 3 267 825 shares in the Company; and (ii) 15.4% of EF Investigo Holding AS who owns 402 100 shares in the Company. b. Mikael Clement holds 811 666 share options in the Company. He also owns 124 850 shares in the Company. For more information, please contact: Chairman of the Board of Directors Tore Engebretsen, tore@vv12.no, +47 908 66 756. This information is publicly disclosed in accordance with MAR article 19 and section 5-12 of the Norwegian Securities Act. About Xplora Technologies: Xplora is a platform and services company and an industry leader in the market for children’s smartwatches. Xplora was founded to give children a safe onboarding to the digital life and a better balance between screen time and physical activity. Xplore’s vision is to enable children around the world to experience how their everyday activities can create value and make a positive change to the world. The company is headquartered in Norway with operations in leading European markets.