Oslo, 24 October 2024

Reference is made to the announcement by Ensurge Micropower ASA (the "Company") on 19 September 2024 regarding a successful private placement of shares, divided in a Tranche 1 and a Tranche 2. Further reference is made to the announcement by the Company on 14 October 2024 regarding the approval of the Tranche 2 by the Extraordinary General Meeting held on such date. 

The share capital increase associated with Tranche 2 has now been duly registered in the Register of Business Enterprises. Following the share capital increase, the Company's share capital is NOK 348,613,173 divided into 697,226,346 shares, each share having a par value of NOK 0.50.

About Ensurge Micropower:

Ensurge is Energizing Innovation (TM) with the first ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery for the 1 to 100 milliampere-hour (mAh) class of wearable devices, connected sensors, and beyond. The innovative Ensurge Microbattery enables energy-dense rechargeable products that are ideal for form-factor-constrained applications including hearables (hearing aids and wireless headphones), digital and health wearables, sports and fitness devices, and IoT sensor solutions that use energy harvesting to power everyday things. The company's state-of-the-art manufacturing facility, located in the heart of Silicon Valley, combines patented process technology and materials innovation with the scale of roll-to-roll production methods to bring the advantages of Ensurge technology to established and expanding markets.

For more information, please contact: 
Lars Eikeland - Chief Executive Officer 
E-mail: lars.eikeland@ensurge.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.