Oslo, 19 March 2026. Reference is made to the stock exchange announcement published yesterday by Xplora Technologies AS ("Xplora" or the "Company") regarding a contemplated private placement (the "Private Placement") of new shares in the Company (the "Offer Shares"), each with a nominal value of NOK 0.004.

The Private Placement has been successfully completed, raising gross proceeds to the Company of approximately NOK 150 million, through the allocation of 2,884,615 Offer Shares, each at a subscription price of NOK 52.00 per Offer Share (the "Offer Price").

The Private Placement was multiple times oversubscribed, reflecting strong, high-quality investor demand and signalling robust confidence in the Company’s growth strategy and future prospects.

“As a follow-up to the Doro acquisition, complemented by Emporia, this Private Placement positions us strongly as a market leader in senior phones in Europe. We are very pleased with the strong support from high-quality investors. The multiple times oversubscribed Private Placement is a clear validation of our strategy and growth ambitions. Strengthening our balance sheet enables us to accelerate both organic initiatives and pursue attractive M&A opportunities,” said CEO Sten Kirkbak of Xplora.

Over the past year, the Company has significantly expanded its strategic scope and set ambitious targets for profitable growth by scaling its subscriber base. Xplora’s solutions connect generations, and the Company is building leading positions within communication and connectivity for Kids, Youth, and Seniors.

The following members of the Company’s management and board of directors (the "Board") have collectively subscribed for, and were allocated, Offer Shares for approx. NOK 4.55 million in the Private Placement:

• Sten Kirkbak (CEO) through MK Capital AS: approx. NOK 300,000, equal to 5,769 Offer Shares.
• Knut Stålen (CFO): approx. NOK 300,000, equal to 5,769 Offer Shares.
• Bjørn Christian Eide (board member) through Esmar AS: NOK 3,653,884 (pro-rata), equal to 70,267 Offer Shares.
• Ingrid Elvira Leisner (board member) through Duo Jag AS: approx. NOK 100,000, equal to 1,923 Offer Shares.
• Jannicke Haugen (board member) through Sjiraff Holding AS: approx. NOK 100,000, equal to 1,923 Offer Shares.
• Suzaan Sauerman (board member): approx. NOK 100,000, equal to 1,923 Offer Shares.

Further information regarding allocation in the Private Placement to primary insiders and their close associates pursuant to the Market Abuse Regulation article 19 is attached to this notice ("PDMR Notice"). In connection with their subscriptions, the members of the Company’s management and Board, and the Company have entered into a lock-up agreement for a period of six (6) months, subject to certain customary exceptions.

The share capital increase pertaining to the Private Placement and the issuance of the Offer Shares was adopted by the Board pursuant to an authorization granted by the Company's annual general meeting held on 23 May 2025 (the "Authorization"). Notifications of allotment of the Offer Shares and payment instructions are expected to be distributed to the applicants through a notification from the Managers (as defined below) on or about 19 March 2026.

Settlement of the Offer Shares is expected to take place on or about 23 March 2026. The Offer Shares allocated in the Private Placement will be settled on a delivery-versus-payment (DVP) basis using existing and unencumbered shares in the Company that are already listed on Euronext Growth Oslo. DVP will be effected pursuant to a share lending agreement entered into between the Company, the Managers and Passesta AS, a closely associated company to the Company's chairperson Tore Engebretsen, as further described in the attached PDMR notice (the "Share Lending Agreement").

As a result, the Offer Shares will be tradable on Euronext Growth Oslo immediately following notification of allocation. The Managers will subscribe for the Offer Shares, which, once issued pursuant to the Authorization, will be delivered to Passesta AS in settlement of shares borrowed under the Share Lending Agreement.

Following registration of the share capital increase pertaining to the Private Placement with the Norwegian Register of Business Enterprises, the Company will have a share capital of NOK 190,948.048 divided into 47,737,012 shares, each with a nominal value of NOK 0.004.

Equal treatment of shareholders

The Private Placement represents a deviation from the shareholders' preferential right to subscribe for the Offer Shares. The Board has carefully considered the structure of the equity raise in light of the equal treatment obligations under the Norwegian Private Limited Liability Companies Act and believed it complies with these principles. In the Board's view, it is in the common interest of the Company and its shareholders to expand the Company's shareholder base with high-quality institutional investors and to conduct the share capital increase in a fast and efficient manner at a lower cost and completion risk compared to a rights issue. Further, the number of Offer Shares, combined with a modest discount to current trading prices on Euronext Growth Oslo, results in limited financial dilution for existing shareholders.

Potential Subsequent Offering

To mitigate the dilutive effect of the Private Placement, the board of directors intends carry out a subsequent offering of up to 576,923 new shares in the Company, equal to gross proceeds of NOK 30 million, at a subscription price corresponding to the Offer Price in the Private Placement (the "Subsequent Offering"). The Subsequent Offering will, if carried out, subject to applicable securities law, be directed towards existing shareholders in the Company as of 18 March 2026 (as registered in VPS two trading days thereafter) who (i) were not included in the pre-sounding phase of the Private Placement, (ii) were not allocated Offer Shares in the Private Placement, and (iii) are not resident in a jurisdiction where such offering would be unlawful or would (in jurisdictions other than Norway) require any prospectus, filing, registration or similar action.

The Subsequent Offering is subject to the publication of a national prospectus and the prevailing market price of the Company's shares together with the corresponding trading volume following the Private Placement. The Board may decide that the Subsequent Offering will not be carried out in the event that the Company's shares trade below the Subscription Price at sufficient volumes. The Company reserves the right in its sole discretion to not conduct or to cancel the Subsequent Offering and will, if and when finally resolved, issue a separate stock exchange notice with further details on the Subsequent Offering.

Advisors

Nordea Bank Abp, filial i Norge and Pareto Securities AS (the "Managers") are acting as managers and bookrunners in the Private Placement. Advokatfirmaet Thommessen AS is acting as legal advisor to the Company in the Private Placement.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. The stock exchange announcement was published by CFO Knut Stålen, at the time and date stated above in this announcement.

For further information, please refer to:

Xplora Technologies AS:
Sten Kirkbak, CEO
Mobile: +47 92203710
E-mail: sten.kirkbak@xplora.com

Knut Stålen, CFO
Mobile: +47 92043458
E-mail: knut.stalen@xplora.com

About Xplora

Xplora Technologies is a Norway-founded, technology company creating smart devices, services and communication solutions for children, youth and seniors that keep families connected, safe, and balanced. The company's purpose is to build a safer and healthier digital life for all generations. As the pioneer of the kids' smartwatch category in Europe, Xplora Technologies today serves the full spectrum of family needs from early childhood to later life, through its two brands Xplora and Doro. The company positions itself as a family-first organization and a trusted advisor for parents and caregivers throughout the digital journey, delivering the right technology at the right time. Xplora Technologies is headquartered in Oslo, Norway with operations in leading European markets and North America. The company is listed on Euronext Growth under the ticker XPLRA.

IMPORTANT NOTICE

This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

The securities referred to in this announcement have not been and will not be registered under the US Securities Act, and accordingly may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the US Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the offering or their securities in the United States or to conduct a public offering of securities in the United States. Any sale in the United States of the securities mentioned in this announcement will be made solely to "qualified institutional buyers" as defined in Rule 144A under the US Securities Act and "major U.S. institutional investors" as defined in Rule 15a-6 under the United States Exchange Act of 1934.

In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression "Prospectus Regulation" means Regulation 2017/1129, as amended, together with any applicable implementing measures in any Member State.

This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only for relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control.

Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in investment levels and need for the Company's services, changes in the general economic, political and market conditions in the markets in which the Company operate, the Company's ability to attract, retain and motivate qualified personnel, changes in the Company's ability to engage in commercially acceptable acquisitions and strategic investments, and changes in laws and regulation and the potential impact of legal proceedings and actions. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not provide any guarantees that the assumptions underlying the forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this document.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.

Neither the Managers nor any of their respective affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein.

This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities in the Company. Neither the Managers nor any of their affiliates accepts any liability arising from the use of this announcement.