Elmera Group ASA: Grant of share options

The Board of Directors has approved the grant of 420,000 options in connection with the Group's long-term incentive program. The program is subject to approval at the Annual General Meeting. If the Annual General Meeting does not approve the program, a cash settlement of the options contracts will be provided to the employees.

The following primary insiders have been granted options:

Rolf Barmen: 50,000 options, now holding a total of 89,052 shares and 310,000 options.

Henning Nordgulen: 20,000 options, now holding a total of 70,000 shares and 90,000 options.

Arnstein Flaskerud: 20,000 options, now holding a total of 59,529 shares and 140,000 options.

Jeanne Tjomsland: 20,000 options, now holding a total of 27,258 shares and 130 000 options.

Kari Marvik: 20,000 options, now holding a total of 0 shares and 70,000 options.

Roger Finnanger: 20,000 options, now holding a total of 10,079 shares and 140,000 options.

Solfrid Aase: 20,000 options, now holding a total of 11,156 shares and 140,000 options.

Magnar Øyhovden: 20,000 options, now holding a total of 54,600 shares and 100,000 options.

Solfrid Fluge Andersen: 20,000 options, now holding a total of 5,171 shares and 140,000 options.

Per Heiberg-Andersen: 20,000 options, now holding a total of 5,000 shares and 146 667 options.

The options granted vest on 10 February 2029. The options have a strike price of NOK 34.00 and expire on 20 February 2032.

The total number of options outstanding is now 2 475 667.

For queries, please contact: Rolf Barmen, CEO, +47 900 80 950