LOKO: Lokotech Group AS Appointment of Vladimir Darbroodi as Chief Technology Officer

Oslo, 29th of October 2026 -- Lokotech Group AS ("Lokotech" or "the Company")
has appointed Vladimir Darbroodi as Chief Technology Officer (CTO). He will
take up the positionon monday the 2nd of November 2026.

Mr. Darbroodi is an ASIC architect and technology leader with more than 23
years of experience in semiconductor engineering. His work spans ASIC
architecture, RTL design and verification, FPGA implementation, mixed-signal
integration and AI hardware. As CTO, he will lead Lokotech's technology
development, from architecture through to production, including the Company's
Scrypt ASIC. He will also work on technology opportunities in edge AI.

Mr. Darbroodi has held senior architecture, design and technology leadership
roles across the semiconductor industry, working with leading companies
including NXP, Ericsson and Qualcomm, among others.

Mr. Darbroodi holds an M.Sc. in Microelectronics from Eindhoven University of
Technology. He is also doing PhD research at the University of Groningen on
neural-network hardware architecture synthesis and compiler systems.

"Vladimir brings exactly the combination we have been looking for: deep,
hands-on ASIC experience together with the leadership to take a chip from
concept to production. His background in AI hardware also strengthens our
options beyond the Scrypt applications. We are very pleased to welcome him to
Lokotech," says Ola Stene-Johansen, CEO of Lokotech Group AS.

"Lokotech has achieved a great deal with a small and focused team, and the
ambition to take its own silicon all the way to production is highly
motivating. I look forward to building on that work together with the team and
the Companys suppliers," says Vladimir Darbroodi.

Mr. Darbroodi has been granted 4.000.000 options in the company.

For further information, please contact:
Ola Stene-Johansen, CEO, post@lokotech.no
contact:\
Ola Stene-Johansen\, CEO\, post@lokotech.no\