April 12, 2022: Reference is made to Elop AS's (the "Company") stock exchange
announcement earlier today, regarding the result of the offer of shares to
employees in the Company and its Norwegian and German subsidiaries (the
"Employee Share Purchase Program"). The following primary insiders of the
Company have today, on 12 April 2022, applied for, been allocated and subscribed
for shares in the Company at the offer price of NOK 2.234 per share in the
Employee Share Purchase Program. 

- Øivind Horpestad, chairman of the board and CEO in Elop AS, has subscribed for
21,488 shares in the Company for a total subscription amount of NOK 48,000.
Following the subscription, Øivind Horpestad and related parties control
9,038,222 shares in the company. 
- Bård Myrstad, COO in Elop AS and CEO in Simplifai AS, has subscribed for 7,162
shares in the Company for a total subscription amount of NOK 16,000. Following
the subscription, Bård Myrstad and related parties control 4,526,442 shares in
the company. 


For further information, please contact: 
Investors 
Kim Boman, CFO, tel: +47 959 63 912

About Elop 
Elop is a Norwegian holding company with two operating subsidiaries. Elop
Technology develops tools and digital solutions to inspect, monitor and manage
infrastructure worldwide using patented ultrasound technology. Through
data-driven and AI-based solutions for inspection and predictive maintenance of
concrete infrastructure, the vision is to provide asset owners with solutions
that improve safety, extend asset lifetime, minimise total lifecycle cost and
environmental footprint. Simplifai offers automation solutions using artificial
intelligence. Simplifai's Digital Employee solutions automate labour intensive
work process where natural language communication including email or documents
are central.