Ensurge Micropower ASA - Contemplated Private Placement - Seite 2

The bookbuilding period for the Private Placement will commence on 19 September 2024 at 16:30 CET and is expected to close on 20 September 2024 at 08:00 CET (the "Bookbuilding Period"). The Company, in consultation with the Managers, reserves the right to at any time and in its sole discretion resolve to close or extend the Bookbuilding Period or to cancel the Private Placement in its entirety without further notice. If the Bookbuilding Period is shortened or extended, any other dates referred to herein may be amended accordingly.

The Private Placement may be divided into two tranches, depending on the final number of Offer Shares to be issued. If divided into two tranches, tranche 1 will consist of 61,790,320 Offer Shares (representing approximately 10% of the outstanding shares in the Company) ("Tranche 1" and the "Tranche 1 Offer Shares"). Tranche 2 will consist of the number of Offer Shares that, together with the Tranche 1 Offer Shares, is necessary in order to raise the allocated gross proceeds ("Tranche 2" and the "Tranche 2 Offer Shares"). Allocations of Offer Shares to investors are expected to be split between Tranche 1 and Tranche 2 on a pro rata basis. Completion of Tranche 2 will be subject to approval by an extraordinary general meeting of the Company expected to be held on or about 14 October 2024 (the "EGM").

The final number of Offer Shares will be determined at the end of the Bookbuilding Period, and the final allocation will be made at the sole discretion of the Company's board of directors (the "Board") after consulting with the Managers. The allocation of Offer Shares will be based on criteria such as (but not limited to) timeliness of the application, relative order size, sector knowledge, investment history, perceived investor quality and investment horizon. The Board may, at its sole discretion, reject and/or reduce any applications. There is no guarantee that any applicant will be allocated Offer Shares. Notification of allotment and payment instructions is expected to be issued to the applicants on or about 20 September 2024 through a notification to be issued by the Managers.