Ensurge Micropower ASA – Update on the contemplated private placement and extension of bookbuilding period

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Oslo, Norway, 7 November 2025

Reference is made to the stock exchange announcement made by Ensurge Micropower ASA ("Ensurge" or the "Company") on 6 November 2025 regarding a contemplated private placement (the “Private Placement”). 

After the board of directors of the Company (the "Board") had resolved to close the bookbuilding period in the Private Placement, the Company received a subscription from Mirabella Financial Services LLP, on behalf of Svelland Global Trading Master Fund and certain other accounts (together, "Svelland") for the entire Private Placement at a price of NOK 0.90 per share. The Board considers it to be in the best interest of all stakeholders to give investors the opportunity to consider their potential participation in light of this and has therefore resolved to extend the bookbuilding period for the Private Placement. 

The bookbuilding period for the Private Placement is expected to close no later than 7 November 2025 at 16:30 hours (CET). 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. 

Subject to the bookbuilding period being closed on 7 November 2025 at 16:30 CET, the extension implies that (i) notification of allocation (conditional with respect to Tranche 2) is expected on or about 10 November 2025; (ii) the settlement date in tranche 1 is expected on or about 12 November 2025; (iii) the extraordinary general meeting to issue the offer shares in tranche 2 is expected on or about 2 December 2025; (iv) and the settlement date for tranche 2 is expected on or about 4 December 2025.

Advisors
Arctic Securities AS and DNB Carnegie, a part of DNB Bank ASA are acting as managers and joint bookrunners in connection with the Private Placement. Ræder Bing Advokatfirma AS is acting as the Company's legal advisor. Advokatfirmaet Thommessen AS is acting as legal advisors to the Managers.