Spir Group ASA: Cash settlement of RSUs (tranche 1)

Oslo, 2 January 2024. Reference is made to the stock exchange announcement by Spir Group ASA (the "Company") on 13 June 2023 regarding the grant of 217,593 RSUs to member of management under the RSU program, of which 106,093 RSUs are convertible into shares in the Company on 1 January 2024 and the last 111,500 RSUs are convertible on 1 January 2025, in each event subject to the RSU holder being employed with the Company. On 1 January 2024, a total of 67,439 RSUs were eligible for conversion into shares. In accordance with the RSU Program the Company has resolved to fully settle these RSUs in cash. Based on the price of the Company's shares on the last trading day prior to 1 January 2024 of NOK 6.90, each RSU holder has received settlement in cash for such portion of their RSUs, less the nominal value of the shares of NOK 0.02. After settlement of the above RSUs, the Company has outstanding a total of 88,589 RSUs being convertible into shares on 1 January 2025. No other RSUs remains outstanding under the RSU program. The following primary insiders of the Company have received cash for RSUs being settled as of 1 January 2024: - Anne Mette Havaas, Head of Strategy Public, has received cash settlement for 28,785 RSUs under the RSU Program - Eirik Pedersen, CSO, has received cash settlement for 28,785 vested RSUs under the RSU Program. Primary insider notifications pursuant to the EU Market Abuse Regulation Article 19 are attached. For further information, please contact: Per Haakon Lomsdalen, Group CEO +47 902 71 918 Email: per.lomsdalen@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 Oslo Rule Book II.