Ensurge Micropower ASA - Mandatory Notice of Trade for Primary Insiders

Reference  is made to  the announcement by  Ensurge Micropower ASA ("Ensurge" or
the  "Company") on 24 May 2023 regarding the  Annual General Meeting held on the
same day, where all proposals on the agenda were approved by the shareholders.

The  Annual  General  Meeting  approved  the  issuance  of  37,211,424 incentive
subscription  rights in  the Company  to the  newly elected  Chair of the Board,
Terje  Rogne, who is a primary insider. Of the subscription rights granted, 1/3
vest  immediately (but will not be  exercisable until after 12 months), 1/3 vest
and  becomes  exercisable  after  12 months,  and  the last 1/3 vest and becomes
exercisable  after  24 months.  The  Annual  General  Meeting  resolved  how the
exercise  price  per  subscription  right  shall  be  determined,  however, such
exercise  price is undetermined at this  time. The subscription rights expire on
24 May 2028.

Please see the enclosed forms for further details about the transactions.

Contact

Mark Newman - CEO
E-mail: [e-mail] (mailto:[e-mail])


This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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