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, 22 August 2025: Reference is made to the stock exchange announcement by
Huddly AS ("Huddly" or the "Company", ticker: HDLY) on 21 August 2025, regarding
a contemplated pre-committed private placement of NOK 50 - 75 million (the
"Offer Size"), equivalent to minimum 4,545,455 and maximum 6,818,181 new shares
(the "Offer Shares") offered by the Company with a fixed price per Offer Share
of NOK 11.00 (the "Offer Price" and the "Private Placement"). 

The Company is pleased to announce that the Private Placement has been
successfully placed, allocating 5,526,544 Offer Shares at the Offer Price,
raising gross proceeds to the Company of approx. NOK 61 million, 

The net proceeds from the Private Placement to the Company will be used to
bridge the deficit until the Company is expected to become cash flow positive in
2026. The focus will be on 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 8 September 2025 (the "EGM"), to
approve the share capital increase pertaining to the Private Placement and issue
of the Offer Shares. The Board has furthermore resolved to propose that the EGM
grants the Board an authorization to (i) issue new shares in a potential
Subsequent Repair Offering (as defined below) and (ii) issue Fee Shares (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 August 2025.

Notice of conditional allocation and payment instructions to the applicants in
the Private Placement will be communicated by the Manager on or about 25 August
2025 prior before 9:00 CEST, and the Private Placement is expected to be settled
by the Manager on a delivery-versus-payment ("DVP") basis on or about 11
September 2025, subject to fulfilment of the Conditions (as set out below) and
processing time with the Norwegian Register of Business Enterprises (the "NRBE")
pertaining to registration of the share capital increase. The DVP settlement of
the Offer Shares in the Private Placement will be facilitated by a pre-payment
agreement entered into between the Company and the Manager (the "Pre-Payment
Agreement").

The Offer Shares in the Private Placement are not tradeable on Euronext Growth
Oslo before the share capital increase pertaining to the Offer Shares has been
registered with the NRBE and the Offer Shares have been registered in the
Norwegian Central Securities Depository (Euronext Securities Oslo or the "VPS").
The Company will announce when such registration has taken place, which is
expected on or about 10 September 2025.

Completion of the Private Placement is still subject to (i) the EGM resolving to
approve the capital increase pertaining to the Private Placement and the
issuance the Offer Shares, (ii) the Pre-Payment Agreement remaining in full
force and effect, (iii) the share capital increase pertaining to the issuance of
the allocated Offer Shares being validly registered with the NRBE, and (iv) the
allocated Offer Shares being validly issued and registered in the VPS) (jointly
referred to as the "Conditions").

Following (and subject to) the issuance of Offer Shares in the Private Placement
(but prior to the Subsequent Repair Offering and the issuance of the Fee
Shares), the Company will have a share capital of NOK 1,649,364.0625 divided
into 26,389,825 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 24.7
million (approx. 40% of the Private Placement) at the Offer Price in the Private
Placement:

o	Jon Øyvind Eriksen (Chairman) approx. NOK 12 million