NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE HONG
KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN,
OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL.

Reference is made to the stock exchange announcement published by Lokotech Group
AS (the "Company") on 3 March 2025 regarding a contemplated partially
underwritten rights issue, to raise gross proceeds of up to NOK 200 million, of
which subscription for NOK 125 million will be underwritten (the "Rights
Issue").

Key information relating to the Rights Issue is set out below: 

Date on which the terms and conditions of the Rights Issue were announced: 3
March 2025

Last day including right: Expected 2 May 2025

Ex-date: Expected 5 May 2025

Record Date: Expected 6 May 2025

Date of approval: 30 April 2025

Maximum number of new shares: Will be determined and announced after the
extraordinary general meeting has been held on 30 April 2025, see "other
information" below

Subscription price: Will be determined and announced after the extraordinary
general meeting has been held on 30 April 2025, see "other information" below

Ratio preferential rights: To be announced when final number of new shares is
determined

Subscription ratio: To be announced when final number of new shares is
determined

Managers: Pareto Securities AS and SpareBank 1 Markets AS

Will the rights be listed: Yes, the Company will apply for listing of the
subscription rights on Euronext Growth Oslo 

ISIN for the preferential rights: To be announced when determined

Other information: Reference is made to the stock exchange announcement
published by the Company earlier today, on 3 March 2025, for further information
regarding the Rights Issue. 

The Rights Issue is subject to, amongst other things, (i) approval by the
Company's extraordinary general meeting and (ii) publication of a prospectus for
offering of the new shares in the Rights Issue, subject to approval by the
Norwegian Financial Supervisory Authority. 

For more information, please contact: 
CEO Ola-Stene Johansen, email osj@lokotech.no

This information is subject to the disclosure requirements pursuant to the
Continuing Obligations. 

IMPORTANT NOTICE These materials are not and do not form a part of any offer of
securities for sale, or a solicitation of an offer to purchase, any securities
of the Company in the United States or any other jurisdiction. Copies of these
materials 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. 

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (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.
Any sale in the United States of the securities mentioned herein will be made
solely to "qualified institutional buyers" (QIBs) as defined in Rule 144A under
the Securities Act, pursuant to an exemption from the registration requirements
under the Securities Act, as well as to major U.S. institutional investors under
SEC Rule 15a-6 to the United States Exchange Act of 1934, as amended. 

This communication contains certain forward-looking statements concerning future
events, including possible issuance of equity securities of the Company.
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 communication are based upon
various assumptions, many of which are based, in turn, upon further assumptions.
The Company believes that these assumptions were reasonable when made. However,
these 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 its control. Such risks, uncertainties,
contingencies and other important factors include the possibility that the
Company will determine not to, or be unable to, issue any debt, hybrid or equity
securities, and could cause actual events to differ materially from the
expectations expressed or implied in this release by such forward-looking
statements. The Company does not make any guarantee that the assumptions
underlying the forward-looking statements in this announcement are free from
errors. The information, opinions and forward-looking statements contained in
this communication speak only as at its date and are subject to change without
notice. 

Each of the Company, the Managers and their respective affiliates disclaims any
obligation or undertaking to update, review or revise any statement contained in
this communication whether as a result of new information, future developments
or otherwise. Neither the Managers nor any of its affiliates makes any
representation as to the accuracy or completeness of this announcement and none
of them accepts any liability arising from the use of this announcement or
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 of the Company.
Certain figures contained in this announcement, including financial information,
have been subject to rounding adjustments. Accordingly, in certain instances,
the sum or percentage change of the numbers contained in this announcement may
not conform exactly with the total figure given. 

The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.
Specifically, neither this announcement nor the information contained herein is
for publication, distribution or release, in whole or in part, directly or
indirectly, in or into or from the United States (including its territories and
possessions, any state of the United States and the District of Columbia),
Australia, Canada, Hong Kong, Japan or any other jurisdiction where to do so
would constitute a violation of the relevant laws of such jurisdiction.