NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED
STATES OR ANY OTHER JURISDICTION IN WHICH RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Oslo, 16 March 2026: Reference is made to the stock exchange announcement
published by Huddly AS ("Huddly" or the "Company", ticker: HDLY) on 25 February
2026 regarding the successful placement of 3,750,000 new shares in the Company
(the "Private Placement") and the contemplated subsequent offering (the
"Subsequent Offering"). 

The Company hereby announces that it will carry out a subsequent offering (the
"Subsequent Offering") of up to 550,000 new shares (the "Offer Shares"). The
subscription price per Offer Share is NOK 20.00 (the "Subscription Price"),
which is equal to the offer price in the Private Placement.

The Subsequent Offering will be resolved by the Company's board of directors
(the "Board") pursuant to a board authorisation granted by an extraordinary
general meeting in the Company on 11 March 2026. The Subsequent Offering will
raise gross proceeds of up to NOK 11 million (however always limited upwards to
the NOK equivalent of EUR 1 million). 

The terms and conditions for the Subsequent Offering are set out in the
subscription form (the "Subscription Form"), which inter alia includes a
description of the material risk factors associated with an investment in the
Offer Shares. The Subscription Form is available on the website of Pareto
Securities AS (the "Manager"): www.paretosec.com/transactions. Reference is also
made to the Company's financial report for Q4 2025, as well as all other
publicly available information about the Company. 

The Subsequent Offering is directed towards shareholders in the Company as of 24
February 2026 (as registered in Norwegian Central Securities Depository,
Euronext Securities Oslo ("VPS") two trading days thereafter (the "Record
date")), 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 an offering would be
unlawful or would require any prospectus, filing, registration or similar (the
"Eligible Shareholders").

Eligible Shareholders will be granted 0,114674 non-transferable subscription
rights for every one (1) existing share registered as held by such Eligible
Shareholder as of expiry of the Record Date, rounded down to the nearest whole
subscription right (the "Subscription Right"). The Subscription Rights will be
distributed free of charge to the Eligible Shareholders.

Each whole Subscription Right will, subject to applicable securities laws, give
the right to subscribe for and be allocated one Offer Share at the Subscription
Price in the Subsequent Offering (however always limited so that the total offer
is limited upwards to the NOK equivalent of EUR 1 million). Subscription without
subscription rights will not be permitted in the Subsequent Offering. Eligible
Shareholders will be allowed to over-subscribe, but the Subsequent Offering is
limited to 550,000 shares and any allocation based on oversubscription will be
adjusted to ensure that the Subsequent Offering is limited upwards to the NOK
equivalent of EUR 1 million. Thus, there can be no assurance that Offer Shares
will be allocated for such subscriptions.

Subscription period and procedure 

The Subscription Period for the Subsequent Offering will commence on 16 March
2026 at 09:00 CET and expire on 26 March 2026 at 16:30 CET (the "Subscription
Period"). The Company may, at its own discretion, extend the Subscription
Period. If the Subscription Period is extended, any other dates referred to
herein may be amended accordingly, and any such changes will be announced
through stock exchange announcements.

The Subscription Rights must be used to subscribe for Offer Shares before the
expiry of the Subscription Period on 26 March 2026 at 16:30 CET. Subscription
Rights that are not used to subscribe for Offer Shares before 26 March 2026 at
16:30 CET will have no value and will lapse without compensation to the holder. 

Subscriptions for Offer Shares must be made by submitting a correctly completed
Subscription Form to the Manager during the Subscription Period. Subscription
for Offer Shares by subscribers who are residents of Norway with a Norwegian
personal identification number (Nw.: fødselsnummer), may be made by way of
online subscription. Further instructions regarding the subscription procedure
will be available in the Subscription Form.

The completion of the Subsequent Offering remains subject to (i) the board of
directors resolving to increase the Company's share capital through issuance of
the Offer Shares pursuant to the authorisation granted to the board of directors
by the extraordinary general meeting on 11 March 2026, (ii) duly made payments
of the Offer Shares by the subscribers, (iii) registration of the share capital
increase pertaining to the Subsequent Offering with the Norwegian Register of
Business Enterprises (the "NRBE"), and (iv) issuance and delivery of the Offer
Shares to the subscribers in VPS.

Financial Intermediaries

If an Eligible Shareholder holds shares in the Company registered through a
financial intermediary on the Record Date, the financial intermediary will
customarily give the Eligible Shareholder details of the aggregate number of
Subscription Rights to which it will be entitled. The relevant financial
intermediary will customarily supply each relevant Eligible Shareholder with
this information in accordance with its usual customer relations procedures.
Eligible Shareholders holding their shares through a financial intermediary
should contact the financial intermediary if they have received no information
with respect to the Subsequent Offering.

Allocation

Allocation of the Offer Shares will take place on or about 26 March 2026,
without delay after the end of the Subscription Period. The Offer Shares will be
allocated to Eligible Shareholders who have subscribed for Offer Shares by
exercise of Subscription Rights in accordance with the allocation principles set
out below.

(i) First, Offer Shares will be allocated in accordance with granted
Subscription Rights to subscribers who have validly exercised Subscription
Rights during the Subscription Period. 

(ii) Second, any unallocated Offer Shares following the allocation under item
(i) above, will be allocated to subscribers who have oversubscribed with
Subscription Rights, on a pro rata basis based on the number of Subscription
Rights exercised by each over-subscriber, and where pro rata allocation is not
possible, the allocation will be determined by drawing of lots.

Notifications of allocation of Offer Shares and the corresponding subscription
amount to be paid by each subscriber are expected to be distributed by the
Manager on or about 27 March 2026. The payment for Offer Shares allocated to a
subscriber falls due on or about 31 March 2026. The Offer Shares will, following
registration of the share capital increase pertaining to the Subsequent Offering
with the NRBE, expected on or about 9 April 2026, be registered in VPS in
book-entry form and are expected to be delivered to the subscribers' VPS account
on or about 10 April 2026 subject to timely registration of the share capital
increase pertaining to the Subsequent Offering with the NRBE. The Offer Shares
are expected to be listed on Euronext Growth Oslo on or about 10 April 2026.

Advisors

Pareto Securities AS is acting as sole manager in connection with the Subsequent
Offering. 

Advokatfirmaet Simonsen Vogt Wiig AS is acting as legal counsel to the Company.

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
3.10 (1) no. 3 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 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.

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 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 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. Notwithstanding the
foregoing, the Offer Shares may be offered to, or on behalf of, (i) persons in
the United States reasonably believed to be "qualified institutional buyers"
("QIBs") as defined in the U.S. Securities Act, in offerings exempt from, or in
a transaction not subject to, the registration requirements of the U.S.
Securities Act, provided such persons satisfy to the Company that they are
eligible to participate on such basis, and (ii) outside the United States to
certain persons in offshore transactions in compliance with Regulation S under
the U.S. Securities Act, and in accordance with any applicable securities laws
of any state or territory of the United States or any other jurisdiction. Any
sale in the United States of the securities mentioned in this announcement will
be made solely to the aforementioned category of persons, as well as to "major
U.S. institutional investors" as defined in Rule 15a-6 under the United States
Exchange Act of 1934, as amended. 

In any EEA Member State, this communication is only addressed to and is only
directed at 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 EEA Member State. 

In the United Kingdom, this communication is only being distributed to and is
only directed at persons 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, the 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 the
Company's 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 operates, 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
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 any forward-looking statements in this
announcement. 

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 Manager nor any of its affiliates make any
representation as to the accuracy or completeness of this announcement and none
of them accept 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 Manager
nor any of its affiliates accept any liability arising from the use of this
announcement. 

This announcement is an advertisement and is not a prospectus for the purposes
of the Prospectus Regulation as amended together with any applicable
implementing measures in any EEA Member State. In the United Kingdom, this
announcement is not a prospectus for the purposes of the Public Offers and
Admissions to Trading Regulations 2024.