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Ensurge Micropower ASA - Disclosure of Large Shareholdings

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This disclosure is sent on behalf of a certain large shareholder in Ensurge Micropower ASA (the "Company").

Reference is made to the announcement by the Company on 3 July 2021 regarding the approval of warrant exercises and the subsequent issuance of 293,779,503 new shares following registration in the Norwegian Register of Business Enterprises. Due to the exercise of Warrants C and the issuance of new shares in the Company, a certain large shareholder discloses the following information pursuant to Section 4-2 of the Norwegian Securities Trading Act and the Securities Trading Act Regulations.

Alden AS will be issued 40,833,333 shares by conversion of the equal amount of Warrants C. Following the conversion, the shareholding of Alden AS will represent 10.22% of the Company's total number of outstanding shares, holding a total of 158,399,757 shares in the Company. Furthermore, Alden AS owns 45,454,545 Warrants B with an exercise price of NOK 0.25 per share and which will be exercisable at any time until 20 August 2021. All unexercised Warrants will represent 2.93% of the Company's total number of outstanding shares. All shares and unexercised Warrants combined will represent 13.16% of the Company's total number of outstanding shares.

The thresholds being passed are the percentages of outstanding shares, unexercised Warrants, and shares and unexercised Warrants combined.

5 July 2021
Ensurge Micropower ASA


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