Oslo, 21 December 2023 - The Board of Directors of Xplora Technologies AS
("Xplora" or the "Company") has today, pursuant to the board authorization
granted by the Company's general meeting held on 16 May 2023, resolved to
increase the Company's share capital with NOK 10,000 by the issuance of
2,500,000 new shares.

The new shares are issued in a placement to Passesta AS, Skadi AS, Harmonium
Invest AS, Hering AS, Torsen Tankers & Towers AS and Kirkbak Holding AS
(collectively the "Subscribers") in connection with exercise of a contractual
subscription rights at a price of NOK 7 per share. The shares must be subscribed
within 31 December 2023. The total subscription amount is NOK 17,500,000.

Further details regarding the underlying subscription rights are set out in
section 8.6.1 of the Admission Document published by Xplora on 17 November 2020
in connection with the admission to trading of its shares on Merkur Market
(Euronext Growth).

The new shares will be delivered as soon as possible, following registration of
the share capital increase with the Norwegian Register of Business Enterprises.

Following registration of the share capital increase and the exercise of
subscription rights in the Norwegian Register of Business Enterprises, the
Company will have a share capital of NOK 176,626.48, divided into 44,156,620
shares, each with a par value of NOK 0.004. Each share carries one vote.

***

Sten Kirkbak, CEO and primary insider in the Company, has through his
wholly-owned company Kirkbak Holding AS subscribed for 22,856 shares in the
abovementioned exercise of subscription rights at NOK 7.
Further to this, and upon registration in the Norwegian Register of Business
Enterprises and delivery of the new shares in VPS, Sten Kirkbak will own
1,099,606 shares in Xplora Technologies AS, through his wholly-owned company
Kirkbak Holding AS. Additionally, he owns 50% of MK Capital AS, already holding
1,320,325 shares in Xplora Technologies AS.

Tore Engebretsen, chairman and primary insider in the Company, has through his
wholly-owned company Passesta AS subscribed for 365,714 shares in the
abovementioned exercise of subscription rights at NOK 7.
Further to this, and upon registration in the Norwegian Register of Business
Enterprises and delivery of the new shares in VPS, Tore Engebretsen will own
5,969,056 shares in Xplora Technologies AS, through his wholly-owned company
Passesta AS.

Harald Fr. Ulltveit-Moe, board member and primary insider in the Company, has
through his wholly-owned company Harmonium Invest AS subscribed for 539,286
shares in the abovementioned exercise of subscription rights at NOK 7. Further
to this, and upon registration in the Norwegian Register of Business Enterprises
and delivery of the new shares in VPS, Harald Fr. Ulltveit-Moe will own
2,689,911 shares in Xplora Technologies AS, through his wholly-owned company
Harmonium Invest AS. Additionally, he owns 38.5% of EF Investigo Holding AS,
already holding 402,100 shares in Xplora Technologies AS.

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

For further information please contact:
Sten Kirkbak, CEO, +47 92203710, sten.kirkbak@xplora.com
Knut Stålen, CFO, +47 92043458, 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.