Oslo, Norway, 6 May, 2024: In accordance with the vesting plan for the Company's
RSU program, 9% of the RSUs granted under the RSU program have been exercisable
into shares on 6 May, 2024. Participants in the RSU program have on 6 May, 2024
exercised a total of 222,578 RSUs. A total of 2.2 million RSUs remain under the
RSU program, which vest and are exercisable over the next three years. 

In addition to the RSUs exercised, 27,500 options were exercised at an average
strike price of 22.14. Following the exercise, 250,078 shares will be
transferred from the Company's holding of its own shares. After the transaction,
Pexip Holding ASA will hold 2,592,789 own shares.  A total of 5.2 million share
options remain under the option program, which vest and are exercisable over the
next three and a half years. 

The exercised shares are expected to be delivered to participant's accounts
within 2 weeks from the exercise date.

Exercise of share options by primary insiders
The primary insiders Øystein Dahl Hem (CFO) and Ingrid Woodhouse (CPO) exercised
a total of 7,500 share options each with a strike price of 25 NOK, granted in
2018. After the exercise, Hem will hold 155,468 shares and rights to 412,500
shares and Woodhouse will hold 59,780 shares and rights to 260,625 shares.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

This stock exchange announcement was published by Øystein Dahl Hem, CFO, Pexip
Holding ASA on 6 May, 2024.