Oslo, 29 August 2023 - Xplora Technologies AS ("Xplora") today announced it has
entered into revenue sharing models with two leading Nordic telcos.

XploraŽs new telco revenue sharing model is now fully implemented in two Nordic
markets. OneCall (Telia) and Elisa, two leading telcos in Norway and Finland,
have started to sell Xplora smartwatches through their distribution channels. 

Xplora receives a monthly recurring service revenue in addition to the
traditional hardware margin. Xplora saw a 60 percent growth in its sales in
Finland in August year-over-year as a result of extended distribution through
ElisaŽs sales channels and direct sales to its existing customer base. 

In Norway Xplora expects its brand awareness to improve as a result of OneCallŽs
Back-to-school TV commercials.

Xplora aims to expand this new, innovative recurring revenue model to markets
outside of the Nordics. XploraŽs smartwatches are currently being sold by telcos
such as Vodafone, Telefonica and Deutsche Telekom. 

The principle and objective with such a revenue sharing model toward our telco
partners was presented during our Q2 23 presentation on August 17. 

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.