Oslo, 27 May 2025: Reference is made to Spir Group ASA's (the "Company")
announcement on 27 May 2022, regarding the issuance of 96,999 new shares in
connection with the Company's employee share purchase program for 2022 (the
"ESPP 2022") and Sikri AS' acquisition of 100% of the shares in Aiot AS in 2023.


The participants in the ESPP 2022 were granted the right, after a vesting period
of three years, to subscribe for one bonus share at nominal value per three
shares subscribed for, subject to certain conditions being fulfilled.

The Company has received applications for 95,760 bonus shares from participants
eligible to subscribe for bonus shares under the ESPP 2022. In connection
therewith, the board of directors has today, on the basis of the authorisation
granted to it by the annual general meeting held on 31 May 2024, resolved to
increase the Company's share capital by up to NOK 1,915.20 by issuing up to
95,760 new shares at a subscription price of NOK 0.02, corresponding to the
nominal value of the Company's shares.  

The board of directors has furthermore, on the basis of the authorisation
granted to it by the annual general meeting held on 31 May 2024, resolved to
increase the Company's share capital by 3,836.28 by issuing 191,814 new shares
to two of the sellers of Aiot AS in accordance with the share purchase agreement
dated 28 April 2023 relating to Sikri AS' acquisition of 100% of the shares in
Aiot AS (the "SPA").

Pursuant to the SPA, the two sellers were entitled to a bonus of NOK 750,000
each to be settled in shares in Spir Group ASA at a subscription price of NOK
7.82 per share, conditional upon their continued employment with Sikri AS and
not having resigned as of 28 April 2025. As this condition has been fulfilled,
each of them has today as full and final settlement of their bonus claims
subscribed for 95,907 shares in the Company, corresponding to 191,814 new shares
in total.  

For further information, please contact:

Line Cecilie Stenseth, interim CFO 
Tel: +47 916 62 417 
E-mail: line.stenseth@spirgroup.com 

This information is published in accordance with the disclosure requirements of
the Euronext Oslo Rule Book II and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act.

About Spir Group 

Spir Group is a Nordic software house delivering mission critical software and
data within two business areas