NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE HONG
KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN,
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Oslo, 3 June 2025: Reference is made to the stock exchange announcement
published by Lokotech Group AS (the "Company") on 2 June 2025 regarding the
registration in the Norwegian Register of Business Enterprises (Nw:
Foretaksregisteret) of the new share capital following issuance as part of the
rights issue (the "Rights Issue") of 417,536,230 new shares in the Company
("Offer Shares") to subscribers in the Rights Issue, and the issuance of
22,495,493 new shares ("Fee Shares") to the underwriters of the Rights Issue.
The subscribers in the Rights Issue have for every one (1) Offer Share allocated
to and paid by them, been allocated 0.131506 warrants ("Warrants"), rounded down
to the nearest whole Warrant. The Rights Issue resulted in the issuance of
54,908,272 Warrants to subscribers in the Rights Issue.
The Offer Shares have been delivered to the subscribers in their respective VPS
accounts ("VPS") and are tradable on Euronext Growth Oslo as of market open
today, 3 June 2025.
The Fee Shares will be delivered to the underwriters in the Rights Issue in
their respective VPS accounts during the course of today and are tradable on
Euronext Growth Oslo as of market open today, 3 June 2025.
It is expected that the Warrants, with ISIN NO 0013554253, will be delivered to
the subscribers in their respective VPS accounts, during the course of today, 3
June 2025.
The Warrants are listed and will be tradable on Euronext Growth Oslo under the
ticker code "LOKOS". Pending registration of the Warrants in VPS, a trading
suspension has been implemented for the Warrants (LOKOS). Once registration in
VPS has been completed, a new stock exchange announcement will be published, and
the trading suspension will be lifted. The Warrants are expected to be tradable
until on or about 9 April 2026 at 16:30 CEST. The Warrants will hence only be
tradable during part of the Exercise Period (as defined below).
Each Warrant gives the holder a right to subscribe for one new share in the
Company at an exercise price per share equal to the greater of (a) a 35%
discount to the volume-weighted average price (VWAP) of the Company's shares on
Euronext Growth Oslo over the last three trading days prior to the first date on
which the holder can exercise the Warrants