Oslo, 22 August 2023 - Xplora Technologies AS ("Xplora") today reports to have
passed another important milestone - More than 200,000 service subscriptions. As
of today, Xplora has 180,000 Connectivity subscriptions and 24,000 Premium
service subscriptions, up from 170,000 and 17,000 at the end of Q2 2023
respectively.

Xplora announced during its Q2 2023 presentation that the target subscription
base for year-end 2023 has been increased from 175,000 to 220,000 subscriptions.
Entering September Xplora expects to have 18 MNOK monthly recurring revenue. Due
to the successful introduction of its Xplora Connect Premium service, Xplora
reported an accelerated ARPU growth quarter over quarter with a gross margin
above 80%.

Xplora operates its mobile service platforms in nine countries on the leading
telcoŽs networks including Nordics, Germany, United Kingdom, Spain, France and
USA. Xplora will launch its own MVNO (mobile virtual service operator) on AT&TŽs
mobile network during second half of 2023.

In Q2 2023 Xplora generated group revenues of NOK 190.7m, +72% y/y. Recurring
service revenues were NOK 49.4m, +42% y/y. 

For further details, please see the Q2 2023 report and presentation. 

For further information please contact:
Sten Kirkbak, CEO +47 922 03 710, sten.kirkbak@xplora.com
Knut Stålen, CFO +47 920 43 458, knut.stalen@xplora.com

About Xplora Technologies AS:
Xplora is a platform and services company and an industry leader in the market
for children's smartwatches. Xplora was founded to give children a safe
onboarding to the digital life and a better balance between screen time and
physical activity. Xplora's vision is to enable children around the world to
experience how their everyday activities can create value and make a positive
change in the world. The company is headquartered in Norway with operations in
leading European markets. Xplora is listed on Euronext Growth under the ticker
symbol XPLRA.