Grant of Restricted Stock Units and Performance Shares 

On April 28, 2026, The Annual General Meeting of Nordic Semiconductor ASA
approved the issue of Restricted Stock Units (RSUs) and Performance Shares of an
aggregate nominal value of up to 1% of the company's outstanding share capital.
In total in this release, 816,644 RSUs and Performance Shares have been granted,
equivalent to 0.41% of the company's outstanding share capital. As basis for the
calculation of RSUs and Performance Shares, a volume weighted average share
price the five trading days after the Annual General Meeting of NOK 190.26 has
been used. 

All Employee Plan 

Today, on May 7, 2026, the company has granted 713,506 RSUs to employees under
the all-employee program. For employees, the RSUs will vest after two or three
years and the shares will be delivered to the employee after the vesting date
against payment of the par value of the share (subject to the employee's
continued employment with the Company). The shares may be newly issued shares or
existing treasury shares.

Executive Management Plan

With reference to the Annual General Meeting held on April 28, 2026, members of
the Executive Management team have today been granted a total of 41,255 RSUs and
61,883 performance shares in the company. The RSUs will vest after three years
and the shares will be delivered to the employee after the vesting date against
payment of the par value of the share (subject to the employee's continued
employment with the Company). The shares may be newly issued shares or existing
treasury shares. 

The performance shares are issued conditional upon the achievement of a certain
set of objectives. The performance shares vest and will be delivered at par
value upon the completion of the performance period, which is three years. The
PSU award will vest at 50% upon threshold performance, at 100% upon achievement
of the performance targets, and at a maximum of 200% upon maximum performance
achievement. As such, if maximum performance is achieved, a total of 123,766
performance shares will be delivered to the Executive Management Team,
equivalent to two times the base performance share award.

Details below are based on 100% performance achievement. For further details on
the program, please refer to the Guidelines for Executive Compensation that were
approved by the Annual General Meeting. 

Vegard Wollan, CEO, received 7,506 RSUs and 11,258 performance shares. Following
the grant, Vegard has 151,000 shares, 40,990 RSUs and 50,618 performance shares
in the company. 

Øyvind Birkenes, EVP BU Long-Range, received 3,582 RSUs and 5,374 performance
shares. Following the grant, Øyvind has 10,790 shares, 14,181 RSUs and 18,773
performance shares in the company. 

Ola Boström, SVP Quality, received 2,372 RSUs and 3,557 performance shares in
the company. Following the grant, Ola has 6,177 shares, 11,991 RSUs and 14,939
performance shares in the company. 

Pål Elstad, CFO, received 3,669 RSUs and 5,504 performance shares. Following the
grant, Pål has 44,138 shares, 18,429 RSUs and 22,968 performance shares in the
company. 

Joakim Ferm, SVP BU Wi-Fi, received 2,321 RSUs and 3,482 performance shares.
Following the grant, Joakim has 2,824 shares, 9,994 RSUs and 11,918 performance
shares in the company. 

Kjetil Holstad, EVP Corporate Strategy & BU PMIC, received 3,582 RSUs and 5,374
performance shares. Following the grant, Kjetil has 19,859 shares, 17,727 RSUs
and 22,112 performance shares in the company. 

Sonja Kusmin, SVP People & Culture, received 2,436 RSUs and 3,655 performance
shares. Following the grant, Sonja has 2,801 shares, 7,711 RSUs and 9,764
performance shares in the company.

Geir Langeland, EVP Sales, received 3,861 RSUs and 5,791 performance shares.
Following the grant, Geir has 224,411 shares, 19,481 RSUs and 24,273 performance
shares in the company. 

Ole-Fredrik Morken, EVP Supply Chain, received 3,318 RSUs and 4,976 performance
shares. Following the grant, Ole-Fredrik has 196,721 shares, 16,570 RSUs and
20,821 performance shares in the company. 

Øyvind Strøm, EVP BU Short-Range, received 3,582 RSUs and 5,374 performance
shares. Following the grant, Øyvind has 10,000 shares, 14,181 RSUs and 18,773
performance shares in the company. 

Ståle Ytterdal, SVP Investor Relations, received 1,746 RSUs and 2,619
performance shares. Following the grant, Ståle has 143,708 shares, 10,512 RSUs
and 12,711 performance shares in the company. 

Jo Uthus, EVP Marketing and Developer Experience, received 3,280 RSUs and 4,919
performance shares. Following the grant, Jo has 3,280 RSUs and 4,919 performance
shares in the company.

For further information, please contact: Pål Elstad, CFO
pal.elstad@nordicsemi.no +47 99 166 293 

This information is subject to the disclosure requirements in Regulation EU
596/2014 (MAR) article 19 number 3 and the Norwegian Securities Trading Act § 5
-12. 

This stock exchange announcement was published by Kine-Elena Reigstad, VP
International Finance, on May 7, 2026 at 08.30 CEST.