Spir Group ASA: Issuance of shares to new CFO

Oslo, 18 December 2023: Reference is made to the stock exchange announcement by Spir Group ASA (the "Company") on 15 December regarding the appointment of Cecilie M. Brænd Hekneby as new Chief Financial Officer (CFO) at Spir Group (effective from 1 April 2024 or as further to be agreed between the parties). Hekneby has in connection with her employment as new CFO agreed to purchase shares in the Company for a value of NOK 4 million. The new shares will be purchased at a price per share of NOK 4.78. The price per share reflects the market value of the Company’s shares on the Euronext Oslo Stock Exchange as calculated based of NOK 5.97, being the 30-day VWAP prior to today’s resolution by the Company's board of directors, less 20% discount to reflect the value depreciating effects of the sales restriction set out in the agreement entered into with the Company (the "CFO Shares"). On this basis, the board has today resolved to increase the Company’s share capital by NOK 16,736.40, by issuing 836,820 new shares to Hekneby, at a subscription price of NOK 4.78 per share. Primary insider notification pursuant to the EU Market Abuse Regulation Article 19 is attached. For further information, please contact: Camilla Aardal Chief Financial Officer Tel: +47 97 10 51 55 Email: Camilla.aardal@spirgroup.com This information is subject to the disclosure requirements pursuant to the EU Market Abuse Regulation Article 19, Section 5-12 of the Norwegian Securities Trading Act and the requirements of the Oslo Rule Book II.