Oslo, 24 January 2025: Reference is made to the stock exchange announcement
published by Huddly AS ("Huddly" or the "Company", ticker: HDLY) on 22 January
2025, regarding an extraordinary general meeting in the Company (i) approving a
reverse share split whereby 100 existing shares, each with a nominal value of
NOK 0.000625, are consolidated to one share, with a nominal value of NOK 0.0625
(the "Reverse Share Split"), and (ii) granting the board of directors an
authorisation to increase the Company's share capital of up to NOK 0.061875 in
order to facilitate the Reverse Share Split.

In accordance with the abovementioned board authorisation, the board of
directors of the Company has today resolved to increase the share capital of the
Company with NOK 0.0325 by the issuance of 52 new shares, each with a nominal
value of NOK 0.000625. Following the share capital increase, the board of
directors of the Company resolved to amend the Company's articles of association
to reflect the completion of the Reverse Share Split.

Following registration of the share capital increase with the Norwegian Register
of Business Enterprises and the Reverse Share Split, the Company's new share
capital will be NOK 1,147,705.0625, divided into 18,363,281 shares, each with a
nominal value of NOK 0.0625 and carrying one voting right. 

The board of directors also resolved to propose that an extraordinary general
meeting of the Company provides the board of directors with an authorization to
increase the share capital of the Company by up to NOK 97,250 in order to fulfil
the Company's obligations pursuant to its share option programs.

Further, the board of directors is preparing for the Subsequent Repair Offering
in accordance with the authorisation granted by the general meeting on 19
December 2022 and is working towards a subscription period in or about week 9,
2025.  

Contacts

For more information, please contact: 
Jon Øyvind Eriksen, chair of the board, +47 93 06 03 30, admin@sonstad.no  
Abhijit Saha Banik, CFO, +47 40 83 09 64, abi.banik@huddly.com

Disclosure

This information is subject to the disclosure requirements pursuant to section
3.15.5 of Euronext Growth Oslo Rule Book - Part II and section 5-12 of the
Norwegian Securities Trading Act.

About Huddly AS

Disruptive innovation is our heartbeat at Huddly. We're committed to pushing
technology and challenging the status quo in order to empower human
collaboration. Combining our industry-leading expertise in artificial
intelligence, software, hardware, and UX, we craft intelligent camera systems
that enable inclusive and productive teamwork. Huddly cameras are designed to
provide high-quality, AI-powered video meetings on major platforms, including
Microsoft Teams, Zoom, and Google Meet. With upgradable software, durable
hardware, and engaging user experiences, they are the ideal choice for
organizations seeking a future-proof, scalable, and sustainable solution.
Founded in 2013, Huddly is headquartered in Oslo, Norway, with presence in the
US and EMEA and distribution globally.