Oslo, 30 December 2024: On 30 December 2024, a demerger was completed in Mertoun
Capital AS, a close associate of chair of the board of directors of Huddly AS
(the "Company"), Jostein Devold, through a resolution in the Company's general
meeting to complete the demerger. In this connection, Mertoun Capital AS has
disposed of 127,292,060 shares in the Company as consideration to the assignee
company in the demerger. Following the demerger, Jostein Devold holds a total of
15,553,441 shares in the Company, equal to approximately 0.85% of the
outstanding shares in the Company, through Mertoun Capital AS.

The lock-up undertaking entered into by Jostein Devold on 13 December 2024, as
announced in a stock exchange announcement on 13 December 2024, will continue to
apply for the shares held by Mertoun Capital AS, while the assignee company in
the demerger will not be bound by the lock-up undertaking.

Please see the attached notification of trade for further information. 

This information is subject to the disclosure requirements in article 19 of the
Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the
Norwegian Securities Trading Act.

For more information, please contact: 
Jostein Devold, chair of the board, +47 90 88 00 49, jd@mertoun.no 
Abhijit Saha Banik, CFO, +47 40 83 09 64, abi.banik@huddly.com

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About Huddly 
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 future-proof, scalable, and sustainable solutions.