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Oslo, Norway — Elliptic Labs (OSE: ELABS): Reference is made to the stock exchange notice on 24 May 2024 regarding exercise of options under the share option program of Elliptic Laboratories ASA ("Elliptic Labs" or the "Company").

Pursuant to the sales process conducted by a third party for the shares issued upon the exercise of share options, the primary insider Espen Klovning, EVP of Engineering, has sold 300,000 shares at a price of NOK 13.3047 per share and primary insider Åslaug Tveiterås, VP of People, has sold 33,333 shares at a price of NOK 13.3047 per share. See the enclosed forms for further details about the transactions.