Sandnes, 11th December 2024

Zaptec ASA (OSE ticker: ZAP) has today extended its 300 MNOK overdraft facility
with DNB under improved terms, enhancing the company's financial flexibility.
Export Finance Norway ("Eksfin") supports the facility, guaranteeing 50% of the
credit limit.

The revised agreement removes the previous NIBD/EBITDA covenant, allowing Zaptec
full access to the facility amount in most scenarios. Previously, access could
be constrained by lower EBITDA levels, a limitation now removed. Other key
terms, including interest rate, remain largely unchanged.

"We're very pleased to extend our longstanding partnership with DNB and Eksfin
through this renewal," says Kurt Østrem, CEO of Zaptec. "With this robust
facility in place, Zaptec is well-positioned both financially and operationally
for 2025."

This announcement is considered by the Company to include inside information
pursuant to the EU Market Abuse Regulation and is subject to the disclosure
requirements pursuant to section 5-12 the Norwegian Securities Trading Act. This
stock exchange announcement was published by Eirik Fjellså Hærem, CFO & Deputy
CEO of Zaptec ASA, on December 11, 2024 at 16:30 CET on behalf of the Company.

For more information: 
Kurt Østrem, CEO, Zaptec ASA Tel: + 47 40 40 47 00, e-mail: kurt@zaptec.com 
Eirik Fjellså Hærem, CFO & Deputy CEO, Zaptec ASA Tel: +47 95 72 21 45, e-mail:
efh@zaptec.com
Kristian Sæther, Finance Director & IR, Zaptec ASA Tel: + 47 90 70 85 12,
e-mail: investor@zaptec.com 

About Zaptec: Zaptec is a technology company within electric vehicle (EV)
charging systems in Europe. The company develops EV charging systems for multi
and single-family homes and office buildings. The product portfolio enables many
charging points at a low cost and includes Zaptec Pro, Zaptec Go, Zaptec Portal,
and Zaptec Sense. The company accelerates the electrification of the transport
sector to assist European countries in reducing CO2 emissions from light-duty
cars.