Oslo, 27 January 2023: Xplora Technologies ('Xplora' or 'the Company') is today
announcing a trading update for Q4 22. 

Xplora group revenues in 2022 were NOK 500.5m, a growth of 16% from NOK 431.4m
revenues in 2021. Recurring service revenues were NOK 152.2m in 2022, +68% y/y
from NOK 90.7m in 2021.

Group revenues for Q4 22 were NOK 177.3m, +1% y/y from group revenues of NOK
176.0m in Q4 21. Recurring service revenues amounted to NOK 40.9m, up 21% y/y
from NOK 33.6m in Q4 22.

Xplora exited 2022 with 156.9k subscribers, a y/y growth of 27% from 123.4k
subscribers at the end of 2021. Of the total subscriber base 6.0k were outside
the Nordics at the end of 2022.

Xplora will release its Q4 22 and preliminary 2022 report on 1 March 2023. 

For further information please contact: 
Sten Kirkbak, CEO +47 9220 3710 sten.kirkbak@xplora.com 
Mikael Clement, CFO +47 9900 8000 mikael.clement@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 to the world. The company is headquartered in Norway with
operations in leading European markets. The information contained in this
statement has not been audited and may be subject to change.