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Elliptic Labs — Approval and Publication of Prospectus and Transfer of Listing from Euronext Growth to Oslo Børs

March 3, 2022 | All MFN (en), MFN IR (en)

Oslo, Norway — Reference is made to the stock exchange notice on 23 February 2022 confirming the resolution by Oslo Børs to admit the shares of Elliptic Laboratories ASA ("Elliptic Labs" or the "Company") to trading on Oslo Børs (the "Listing").

The Company has prepared a prospectus in connection with the Listing, and the prospectus has today been approved by the Financial Supervisory Authority of Norway. The prospectus is available at www.ellipticlabs.com.

The first day of trading of the shares on Oslo Børs will be 4 March 2022. Consequently, the last day of trading of the shares on Euronext Growth is today, 3 March 2022. No new shares will be offered in connection with the Listing.

Wikborg Rein Advokatfirma AS has acted as legal advisor to the Company in connection with the Listing. Advokatfirmaet CLP DA and Deloitte AS have acted as the Company's legal and financial due diligence advisors respectively in connection with the Listing.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and section 4.5 of the Oslo Rule Book II.

For further queries, please contact:
Lars Holmøy, CFO, [email protected]

About Elliptic Labs

Elliptic Labs is a global enterprise targeting the smartphone, laptop, IoT, and automotive markets. Founded in 2006 as a research spin-off from Norway's Oslo University, the company's patented software uses AI, ultrasound and sensor-fusion to deliver intuitive 3D gesture, proximity, and presence sensing experiences. Its scalable AI Virtual Smart Sensor Platform creates software-only sensors that are sustainable, eco-friendly, and already deployed in over 150 million devices around the world. Elliptic Labs is the only software company that has delivered detection capabilities using AI software, ultrasound, and sensor-fusion deployed at scale. It filed its IPO with the Euronext Growth Market in October 2020 and changed its listing venue to Oslo Børs in March 2022. Elliptic Labs is headquartered in Norway with presence in the USA, China, South-Korea, Taiwan, and Japan. Its technology and IP are developed in Norway and are solely owned by the Company.