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

Oslo, 25 February 2026: Reference is made to the stock exchange announcement by
Huddly AS ("Huddly" or the "Company", ticker: HDLY) on 24 February 2026,
regarding a contemplated private placement of NOK 55 - 75 million (the "Offer
Size"), equivalent to minimum 2,750,000 and maximum 3,750,000 new shares (the
"Offer Shares") offered by the Company with a fixed price per Offer Share of NOK
20.00 (the "Offer Price" and the "Private Placement"). 

The Company is pleased to announce that the Private Placement has been
successfully placed, allocating 3,750,000 Offer Shares at the Offer Price,
raising gross proceeds to the Company of NOK 75 million.

The Company retained Pareto Securities AS as sole manager and bookrunner (the
"Manager") to assist with the Private Placement.

The net proceeds from the Private Placement to the Company will be used to (i)
repay NOK 30.75 million of a loan from certain current and former shareholders
due 9 June 2026 (the maturity for the remaining portion has been extended by 12
months), and (ii) bridge the deficit until cash flow positive (which is expected
to occur during H2 2026) including continued investments in R&D for roll-out and
improvement of new products, onboarding of new strategic partners, expansion of
channel sales and general working capital requirements to support growth.

The Company's board of directors (the "Board") has today resolved to
conditionally allocate the Offer Shares, pending an extraordinary general
meeting in the Company, to be held on or about 11 March 2026 (the "EGM"), to
approve the share capital increase pertaining to the Private Placement. The
Board has furthermore resolved to propose that the EGM grants the Board an
authorisation to issue new shares in a potential Subsequent Offering (as defined
below). The notice to the EGM will be attached to a separate stock exchange
announcement to be published by the Company on 25 February 2026.

Notice of conditional allocation and payment instructions to the applicants in
the Private Placement will be communicated by the Manager on or about 25
February 2026 before 09:00 CET. The allocated Offer Shares will be delivered to
the investor's VPS account on a delivery-versus-payment ("DVP") basis on or
about 13 March 2026, subject to fulfilment of the Conditions (as set out below).
The DVP settlement structure is facilitated through the delivery of existing and
unencumbered shares in the Company, already admitted to trading on Euronext
Growth Oslo, pursuant to a share lending agreement (the "Share Lending
Agreement") between the Company, the Manager, Sonstad AS and Kolberg Motors AS.
The Offer Shares will thus become tradable on Euronext Growth Oslo immediately
after approval of the Private Placement and issuance of the Offer Shares by the
EGM, expected on or about 11 March 2026.

Completion of the Private Placement is still subject to (i) the EGM in the
Company resolving to approve the capital increase pertaining to the Private
Placement and the issuance of the Offer Shares, and (ii) the Share Lending
Agreement remaining in full force and effect (jointly referred to as the
"Conditions"). 

Following (and subject to) the issuance and registration with the Norwegian
Register of Business Enterprises of the new shares in the Private Placement (but
prior to the Subsequent Offering), the Company will have a share capital of NOK
1,941,528,06 divided into 31,064,449 shares.

Subscription by primary insiders and employees of the Company and lock-up

The following primary insiders of the Company (or persons closely associated
with them) have been allocated Offer Shares for a total of approx. NOK 26.5
million (approx. 35.1 % of the Private Placement) at the Offer Price in the
Private Placement:

o Jon Øyvind Eriksen (chair) NOK 10,000,000