LINK Mobility Group Holding ASA (LINK) refers to the extraordinary general
meeting (EGM) on 7 December 2021 where a share purchase program (ESPP) for
employees was approved. LINK's board of directors' authorization to increase the
share capital of the company in relation to incentive schemes was renewed at the
annual general meeting (AGM) held on 31 May 2022.

Under the terms of the ESPP, all employees were given the opportunity to apply
for shares for up to a maximum amount of NOK 100,000. The program received
strong interest and 588,127 shares were subscribed for. The shares are subject
to a lock-up period of 12 months. Upon allocation, the subscription price of the
shares was set to NOK 9.29, based on a valuation of NOK 11.61, which corresponds
to the seven-day volume weighted average LINK share price (VWAP) prior to and
including the final day of the subscription period, 27 May 2022, to which a 20
per cent discount was applied. As part of ESPP, employees may, after a vesting
period of two years, receive 1 matching share (subject to payment of the nominal
value per share only) per 3 shares subscribed for subject to certain conditions
being fulfilled.

Based on the subscription for shares by employees, the board has today resolved
to increase the company's share capital with NOK 2,940.635 from NOK
1,471,261.270 to NOK 1,474,201.905 by issuing 588,127 shares at a subscription
price of NOK 9.29 per share.

Following registration of the share capital increase with the Norwegian Register
of Business Enterprises, the company will have a share capital of NOK
1,474,201.905 divided into 294,840,381 shares, each with a nominal value of NOK
0.005.


The following primary insider subscribed for shares under ESPP and gained the
right to matching shares:

Thomas Berge, Interim CEO, was allocated 8,612 shares under ESPP. After
completion of the share capital increase, Thomas Berge holds 191,398 shares in
the company. In addition, Thomas Berge holds 253,000 LTI share options, 527,264
RSUs and the right to 2,870 matching shares under ESPP. 


For further information, please contact 

Tom Rogn, VP Investor Relations 
+47 94 85 56 59 
tom.rogn@linkmobility.com 


About LINK Mobility 

LINK is an award-winning, leading global provider of mobile messaging and
communications platform as a service (CPaaS) solutions for increased engagement.
The company serves enterprise, SME, and government customers. LINK offers a wide
range of innovative and scalable mobile solutions, creating valuable digital
convergence between businesses and customers, governments and citizens,
platforms and users. LINK has 47,300 customer accounts globally and exchanges 15
billion messages a year. LINK is listed on the Oslo Stock Exchange under the
ticker LINK. For more information about LINK, please see www.linkmobility.com
and follow LINK Mobility on LinkedIn

This information is subject to the disclosure requirements pursuant to section
19 in the Market Abuse Regulation, 5-12 of the Norwegian Securities Trading Act
and Euronext Oslo Rule Book II