NOD: Grant of Restricted Stock Units and Performance Shares 

On April 28th, 2022 The Annual General Meeting of Nordic Semiconductor ASA
approved the issue of up to 550 000 Restricted Stock Units (RSUs) and
Performance Shares, equivalent to approximately 0.3% of the company's
outstanding share capital.  

In total in this release, 517,053 RSUs and Performance Shares have been granted,
equivalent to 0.27% of the company's outstanding share capital. 

As basis for the calculation of RSUs and Performance Shares, a weighted average
share price the five trading days after the Annual General Meeting of NOK 183.8
has been used.  

All Employee Plan  

Today, on May 6th, 2022 the company has granted 456,301 RSUs to employees under
the all-employee program. For employees, the RSUs will vest after two years and
the shares will be delivered to the employee at 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.  

Primary insiders in Nordic Semiconductor have received the following RSUs,
according to the terms described above: 

Employee elected Board member Jon Helge Nistad has been granted 418 RSUs.
Following this transaction, he holds 600 shares and 716 RSUs in the Company.  

Employee elected Board member Susheel Raj Nuguru has been granted 288 RSUs.
Following this transaction, he holds 600 shares and 574 RSUs in the Company.  

Employee elected Board member Morten Dammen has been granted 608 RSUs. Following
this transaction, he holds 1,150 shares and 2,715 RSUs in the Company.  

Employee elected Board member Joel Stapleton has been granted 598 RSUs.
Following this transaction, he holds 575 shares and 3,691 RSUs in the Company.  

Executive Management Plan  

With reference to the Annual general meeting held on April 28th, 2022, members
of the Executive Management team have today been granted a total of 30,376 RSUs
and 30,376 performance shares in the company. The RSUs will vest after three
years and the shares will be delivered to the employee at 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.  

If the executive achieves at least 80% of the set performance targets, 50% of
the shares will be granted, whilst on 120% achievement of targets a maximum two
times the shares will be granted. As such, if maximum performance is achieved on
the performance shares, a total of 60,012 shares will be delivered to the
executive management team. If less than 80% performance is achieved, zero shares
will be delivered.  

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

Svenn-Tore Larsen, CEO, received 6,532 RSUs and 6,532 performance shares.
Following the grant, Svenn-Tore has 1,932,272 shares, 28,086 RSUs and 23,366
performance shares in the company.  

Pål Elstad, CFO, received 3,193 RSUs and 3,193 performance shares. Following the
grant, Pål has 31,650 shares, 12,594 RSUs and 12,594 performance shares in the
company.  

Svein-Egil Nielsen, CTO, received 3,609 RSUs and 3,609 performance shares.
Following the grant, Svein-Egil has 32,244 shares, 14,236 RSUs and 14,236
performance shares in the company.  

Geir Langeland, EVP Sales and Marketing, received 3,379 RSUs and 3,379
performance shares. Following the grant, Geir has 201,114 shares, 16,139 RSUs
and 13,189 performance shares in the company.  

Ole-Fredrik Morken, EVP Supply Chain, received 2,429 RSUs and 2,429 performance
shares. Following the grant, Ole-Fredrik has 190,670 shares,        9,995 RSUs
and 9,995 performance shares in the company.  

Ebbe Rømcke, SVP Quality & Sustainability, received 2,111 RSUs and 2,111
performance shares in the company. Following the grant, Ebbe has 74,168 shares,
8,446 RSUs and 8,446 performance shares in the company.  

Marianne Frydenlund, SVP Legal, received 1,994 RSUs and 1,994 performance
shares. Following the grant, Marianne has 6,006 shares, 7,921 RSUs and 7,921
performance shares in the company.  

Kjetil Holstad, EVP Product Management, received 2,380 RSUs and 2,380
performance shares. Following the grant, Kjetil has 10,415 shares, 8,812 RSUs
and 8,812 performance shares in the company.  

Ståle Ytterdal, SVP Investor Relations, received 2,087 RSUs and 2,087
performance shares. Following the grant, Ståle has 135,452 shares, 8,567 RSUs
and 8,567 performance shares in the company.  

Katarina Finneng, EVP People & Communication, received 2,662 RSUs and 2,662
performance shares. Following the grant, Katarina has 600 shares, 10,427 RSUs
and 10,427 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.