ENSURGE MICROPOWER S/ADR - ENMPY STOCK NEWS

Ensurge Micropower ASA has announced details regarding a reverse share split, approved by its Extraordinary General Meeting on 24 February 2022. The reverse share split will become effective on 16 March 2022. This corporate action reflects the company's strategy to enhance its stock value and improve market perception. Further inquiries can be directed to investor relations via Ståle Bjørnstad or CEO Kevin Barber. This announcement adheres to the Continuing Obligations of the Euronext Oslo Børs.

Ensurge Micropower ASA has successfully registered a 9:1 reverse share split, following the approval at the Extraordinary General Meeting on 24 February 2022. As a result, the company's share capital is now NOK 210,563,602.92, divided into 212,690,508 shares, each with a par value of NOK 0.99. This registration does not alter the previously announced dates from 8 March 2022.

Ensurge Micropower ASA announces the registration of a share capital increase, now totaling NOK 210,563,602.92. This follows the issuance of 4 new shares approved by the Extraordinary General Meeting on 24 February 2022. The total number of shares stands at 1,914,214,572, with each share valued at NOK 0.11.

Ensurge Micropower ASA announced on 24 February 2022 that its Extraordinary General Meeting approved an authorization for the board to issue shares for a share consolidation. Following this, the board has resolved to increase the share capital by NOK 0.44, moving from NOK 210,563,602.48 to NOK 210,563,602.92. This increase involves the issuance of 4 new shares, each priced at NOK 0.11. Post-registration, the total share capital will be NOK 210,563,602.92, divided into 1,914,214,572 shares, each with a par value of NOK 0.11.

Ensurge Micropower ASA announced a successful private placement of shares, allocating 125,561,401 shares in Tranche 1 and 41,105,265 shares in Tranche 2, raising approximately NOK 100 million. The Extraordinary General Meeting on 24 February 2022 approved Tranche 2. The share capital increase related to Tranche 2 has been registered, bringing the total share capital to NOK 210,563,602.48, divided into 1,914,214,568 shares with a par value of NOK 0.11 each.

The Extraordinary General Meeting of Ensurge Micropower ASA approved a reverse share split on 24 February 2022, where 9 old shares will convert into 1 new share. Key details include:

• Last day including right: 9 March 2022
• Ex-date: 10 March 2022
• Record date: 11 March 2022
• New ISIN: NO0012450008 (effective 10 March 2022)

This action is part of regulatory compliance with Euronext Oslo Børs requirements.

On February 24, 2022, Ensurge Micropower ASA held an Extraordinary General Meeting where all proposed resolutions were approved by shareholders. The minutes of the meeting will be made available on the Company’s website. For further inquiries, investors can contact Investor Relations via email or phone.

Ensurge Micropower ASA has released its Q4 2021 interim report, showcasing major advancements. The company plans to ship functional samples soon, having optimized its packaging and battery integration processes. It has prepared its roll-to-roll line for solid-state microbattery production. Significant customer agreements with a Fortune 500 company and a leader in digital health were announced, highlighting increased customer leads. These developments affirm Ensurge's position in the energy storage market.

As of February 22, 2022, Morten Opstad, Chair of the Board of Ensurge Micropower ASA, holds a total of 528,619,427 shares, representing 28.22% of the company's share capital and voting rights. This includes a proxy to vote for 513,223,779 shares (27.40%) and voting instructions for 15,395,648 shares (0.82%). The Extraordinary General Meeting is scheduled for February 24, 2022. Ensuring a strong voting presence, Mr. Opstad and close associates' holdings underline significant shareholder engagement.