On February 5, 2021, employees in Nordic Semiconductor ASA have exercised 954
923 options in Nordic Semiconductor ASA. 

The options contracts were granted to employees with a "cap" of three times
strike price. Upon exercise, the company has the right to settle its option
contracts in cash by paying the difference between the share price and the
strike price, with a maximum settlement fee equal to the difference between the
"cap" and the strike price. 

Based on the current share price, the Board has authorized the company to
exercise its right to settle its options contracts in cash by paying the
difference between the "cap" and the strike price for outstanding 2016 options
and outstanding vested 2018 and 2019 options, which have all reached cap. 

This options settlement will result in a cash payment of NOK 87,557,275 (~USD 10
million) to those employees who have exercised options. 

All expenses related to the options exercise have already been recognized in
previous quarters, and the options settlement has no net impact on the operating
expenses of the company in the current or future quarters. 

An overview of options exercised by primary insiders is attached hereto,
together with an overview of the strike prices and primary insiders' outstanding
options per plan post-exercise.

Chief Executive Officer, Svenn-Tore Larsen, has exercised 119,629 share options.
Following this transaction, he holds 1,905,400 shares and 46,109 share options,
10,621 RSUs and 24,057 performance shares in the Company. 

Chief Financial Officer, Pål Elstad, has exercised 79,684 share options.
Following this transaction, he holds 8,846 shares and 29,761 share options,
6,345 RSUs and 12,747 performance shares in the Company. 

Chief Technology Officer, Svein-Egil Nielsen, has exercised 37,381 share
options. Following this transaction, he holds 17,000 shares and 32,763 share
options, 7,172 RSUs and 14,794 performance shares in the Company. 

Sales and Marketing Director, Geir Langeland, has exercised 80,060 share
options. Following this transaction, he holds 177,700 shares and 30,511 share
options, 6,621 RSUs and 13,328 performance shares in the Company. 

Supply Chain Director, Ole Fredrik Morken, has exercised 58,371 share options.
Following this transaction, he holds 180,000 shares and 27,134 share options,
5,241 RSUs and 10,576 performance shares in the Company. 

Quality Director, Ebbe Rømcke, has exercised 19,254 share options. Following
this transaction, he holds 68,900 shares and 17,507 share options, 4,276 RSUs
and 8,544 performance shares in the Company. 

HR Director, Katarina Finneng, has exercised 6,666 share options. Following this
transaction, she holds 0 shares and 13,334 share options, 5,241 RSUs and 5,241
performance shares in the Company.

Legal Director, Marianne Frydenlund, has exercised 7,648 share options.
Following this transaction, she holds 2,000 shares and 10,298 share options,
4,000 RSUs and 7,506 performance shares in the Company.

Director of Product Management, Kjetil Holstad, has exercised 11,358 share
options. Following this transaction, he holds 6,604 shares and 12,714 share
options, 4,276 RSUs and 8,087 performance shares in the Company.

Investor Relations Director, Ståle Ytterdal, has exercised 30,816 share options.
Following this transaction, he holds 244,000 shares and 16,633 share options,
4,414 RSUs and 9,140 performance shares in the Company. 

Employee Representative, Jon Helge Nistad, has exercised 2,927 share options.
Following this transaction, he holds 2,854 share options and 600 RSUs. 

Employee Representative, Susheel Raj Nuguru, has exercised 854 share options.
Following this transaction, he holds 1,709 share options and 600 RSUs. 

Employee Representative, Morten Dammen has exercised 4,586 share options.
Following this transaction, he holds 4,073 share options and 2,150 RSUs.

Finance Manager, Kine-Elena Reigstad, has exercised 1,273 share options.
Following this transaction, she holds 3,411 share options and 2,350 RSUs.

Business Analyst, Thomas Angelidou Larsen, has exercised 6,786 share options.
Following this transaction, he holds 2,823 share options and 600 RSUs.


For further information, contact: Pål Elstad, CFO +47 99 166 293