Certain Ordinary Shares of Nortel AS are subject to a Lock-Up Agreement Ending on 6-MAY-2022. These Ordinary Shares will be under lockup for 548 days starting from 4-NOV-2020 to 6-MAY-2022.

Details:
Members of the Board and Executive Management that hold shares in the Company prior to the Listing, directly or indirectly through holding companies, have entered into customary lock-up agreements with a term of 12 months. In addition, the holding company of CEO Christian Pritchard (Proff Invest AS) have entered into a similar lock-up undertaking where the restrictions expire on 20 May 2022.