Exercise of employee share options in Elmera Group ASA ("the Company").

Employees in the Company have on 18 August 2023 exercised 13 332 options. The
options had an average strike price of NOK 19.30. Each share option corresponds
to one share. The company's liability with respect to the scheme will be met
through existing holdings of treasury shares. As of 18 August 2023, Elmera Group
ASA holds 5 704 259 treasury shares.

The payment has been determined based on a selling price of NOK 20.4617

No options have been exercised by primary insiders. 
 
For further information, please contact: Morten A. W. Opdal, Head of Group
Accounting, Reporting and IR, +47 970 62 526

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