NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR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.

Oslo, 2 June 2025: Reference is made to the stock exchange announcement
published by Lokotech Group AS (the "Company") on 21 May 2025, announcing the
final result of the partially underwritten rights issue (the "Rights Issue"). As
announced in that stock exchange announcement, the Company will issue
417,536,230 new shares in the Company ("Offer Shares"), raising approx. NOK 139
million in gross proceeds to the Company, and issue 22,495,493 new shares ("Fee
Shares") to the underwriters of the Rights Issue. Additionally, the subscribers
in the Rights Issue have for every one (1) Offer Share allocated to and paid by
them, been allocated 0.131506 warrants ("Warrants"), rounded down to the nearest
whole Warrant. 

The share capital increases relating to the issuance of Offer Shares and Fee
Shares have been registered with the Norwegian Register of Business Enterprises
(Nw: Foretaksregisteret) (the "NRBE") today, 2 June 2025. The Company's new
registered share capital is NOK 31,451,528.50 divided into 629,030,570 shares,
each with a nominal value of NOK 0.05. The Company has only one class of shares,
and each share represents one vote at the Company's general meeting. 

Furthermore, a total of 78,887,887 Warrants have been issued and registered with
the NRBE today, of which 54,908,272 Warrants were allocated to the subscribers
in the Rights Issue. The remaining 23,979,615 Warrants are non-exercisable and
were issued and registered for technical reasons. These non-exercisable Warrants
are deemed to be null and void. Consequently, the Company has a total of
54,908,272 outstanding Warrants, whereof all will be delivered to the
subscribers in the Rights Issue. 

The Offer Shares, the Fee Shares and the Warrants are expected to be delivered
to investors and underwriters on or about 3 June 2025.  

This information is subject to the disclosure requirements pursuant to the
Continuing Obligations and Section 5-12 of the Norwegian Securities Trading Act.

For more information, please contact: 

CEO, Ola Stene-Johansen, email osj@lokotech.no 

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.