Elliptic Labs: New share capital registered

Oslo, Norway --- Reference is made to the stock exchange announcement by Elliptic Laboratories ASA (the "Company") on 5 March 2026 regarding the successful placement of new shares in the Company at a price per new share of NOK 2.85, raising gross proceeds of approximately NOK 60 million (the "Private Placement") and the minutes from the extraordinary general meeting held 27 March 2026 (the "EGM"). The share capital increase pertaining the new shares in the second tranche of the Private Placement has been registered with the Norwegian Register of Business Enterprises. Following registration of the share capital increase pertaining to the new shares with the Norwegian Register of Business Enterprises, the Company has a share capital of NOK 1,263,367.65 divided into 126,336,765 shares, each with a par value of NOK 0.01. For more information, please contact: CEO Ola Tviberg Sandstad, ola.sandstad@ellipticlabs.com CFO Mathias Norderud, mathias.norderud@ellipticlabs.com

About Elliptic Labs: Elliptic Labs is a global Edge AI company delivering trusted, low-power on-device sensing at scale. Our AI Virtual Smart Sensor PlatformTM enables intelligent, always-on contextual awareness directly on devices --- without the need for additional hardware or continuous cloud processing. Deployed in over 500 million devices worldwide, our platform powers software-defined sensing across a broad range of consumer and enterprise products. By executing compact neural networks directly on-device, our technology delivers adaptive, real-time sensing that preserves user privacy while minimizing power consumption. For more than a decade, Elliptic Labs has specialized in efficient neural network execution using proprietary runtimes and custom-built sensing models optimized for real-world environments. Built on balanced, self-collected datasets and engineered to operate across diverse hardware architectures, our AI Virtual Smart Sensors enable seamless integration across product generations and device categories. Our solutions enhance security, personalization, productivity, and user experience --- forming a scalable foundation for the next generation of AI-enabled devices. Headquartered in Norway, with a presence in the USA, China, South Korea, Taiwan, and Japan, Elliptic Labs is listed on the Oslo Stock Exchange. All technology and intellectual property are developed in Norway and are solely owned by the company, ensuring independence and long-term innovation. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.