Spir Group ASA: Grant of share options to management and notification of transaction in connection therewith

Oslo, 13 February 2025: The board of directors of Spir Group ASA (the "Company" and together with its consolidated subsidiaries, the "Group") has resolved to adopt a new 3-year share option program for management and key employees (the "2024 Option Program"). The 2024 Option Program is based on the same terms and conditions as the 2023 Option Program and is in compliance with the Company’s applicable guidelines for remuneration of executive management and the authorisation granted to the Company’s board of directors by the annual general meeting in 2024 to increase the Company’s share capital in connection with incentive schemes. The following key points summarises the main terms and conditions of the 2024 Option Program: - A total of 1,146,987 options has been granted to certain members of management and key employees; - No performance conditions apply to the 2024 Option Program, but vesting of the options, and in most circumstances exercise of the options, is subject to the option holder remaining an employee of the Group; - The options under the 2024 Option Program will vest during a 3-year period with 1/3 vesting each year. The options may be exercised, fully or partially, from the time each option is fully vested and until and including 31 December 2029; - The exercise price is based on the volume weighted average price for the Company's shares as traded on Euronext Oslo Børs during December 2024, being the same time period as customary under previous programs, with an annual increase of 10% as set out below: i) 1/3 of the options will vest on 1 January 2026 and have an exercise price of NOK 9.41; ii) 1/3 of the options will vest on 1 January 2027 and have an exercise price of NOK 10.35; and iii) 1/3 of the options will vest on 1 January 2028 and have an exercise price of NOK 11.39 The following primary insiders have today been granted share options under the 2024 Option Program: - Per Haakon Lomsdalen, CEO of the Company, has been granted 127,443 share options under the 2024 Option Program, - Hege Moe Tveit, CEO of Sikri AS, has been granted 127,443 share options under the 2024 Option Program, - Arild Elverum, CEO of Ambita AS, has been granted 127,443 share options under the 2024 Option Program, - Erling Olaussen, Chief of Strategy and M&A of the Company, has been granted 127,443 share options under the 2024 Option Program, - Anny Bratterud, Group Director HR, has been granted 127,443 share options under the 2024 Option Program, - Mia Ryan, Group CTO, has been granted 127,443 share options under the 2024 Option Program, - Jonas Åkerman, VD of Metria AB, has been granted 127,443 share options under the 2024 Option Program, - Raymond Vaaler-Hansen, CEO of Boligmappa AS, has been granted 127,443 share options under the 2024 Option Program. - Arnhild Schia, CEO of Iverdi AS, has been granted 127,443 share options under the 2024 Option Program. - Please see the attached notification forms for additional information. For further information, please contact: Cecilie Brænd Hekneby, CFO & IR Tel: +47 99 29 38 26 E-mail: cecilie.hekneby@spirgroup.com This information is subject to disclosure requirements set out in the Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act Section 5-12. About Spir Group Spir Group is a Nordic software house delivering mission critical software and data within two business areas; Real estate and Public Administration. In Real estate, Spir Group helps to streamline complex real estate processes through specialized niche software and data. In Public Administration, Spir Group is one of Norway’s leading software providers, delivering solutions for case management, archiving, quality management and internal control systems to the public sector in Norway. The Group’s customers range from municipalities, governmental agencies, real estate agents, banks, insurance companies, appraisers, property developers, media companies, builders, property owners, engineers, power companies, and building materials production companies. Our mission is to help our customers streamline their operations and drive digitization through software, data and artificial intelligence.