Oslo ,19 December 2022 : Reference is made to the stock exchange notice fromVolue ASA ("VOLUE " or the "Company") onDecember 22, 2021 announcing that the board of directors of the Company (the "Board") had established a share option plan for members of the Company's senior management and certain other key employees. The total number of share options that may be issued under the plan is 2,867,621 for the second year grant of options. The share options will be granted over a three-year period, and the plan will be assessed annually for further grants. Each share option granted under the plan carries the right to acquire one share in the Company. The share options vest three years after the date of grant and will lapse if not exercised within seven years following the date of grant. For the share options to vest, a minimum average share price development of 4.5% p.a. is required. Upon any exercise of share options, the Company may settle its obligations by selling the relevant number of shares or by payment in cash. The strike price of the share options will be based on the volume weighted average share price over the ten last trading days preceding the grant date. The total profit each option holder may achieve shall be limited to 300% of the fair market value of the share at grant. A total of 2,658,229 share options have been granted for the second year under the share option plan at a strike price ofNOK 28.9899 per share. Share options have been granted to the following primary insiders:Trond Straume , CEO: 430,143 share options. Following the grant, Straume holds a total of 789,727 share options in the Company.Arnstein Kjesbu , CFO: 258,086 share options. Following the grant, Kjesbu holds a total of 473,837 share options in the Company. Ingeborg Gjærum, COO: 150,000 share options. Following the grant, Gjærum holds a total of 257,875 share options in the Company.Frode Solem , EVP Infrastructure: 150,000 share options. Following the grant, Solem holds a total of 200,000 share options in the Company.Kim Steinsland , EVP Industrial IoT: 100,000 share options. Following the grant, Steinsland holds a total of 150,000 share options in the Company.Håvard Pedersen , Chief Delivery Officer: 150,000 share options. Following the grant, Pedersen holds a total of 150,000 share options in the Company.Colm McCarthy , Chief Product Officer: 50,000 share options. Following the grant, McCarthy holds a total of 157,875 share options in the Company. Jörg Lienhart, Chief Technology Officer: 50,000 share options. Following the grant, Lienhart holds a total of 157,875 share options in the Company. See attachment for further details about the grant of options to each primary insider. Following the grant, the total number of outstanding options in the Company are 4,427,190. For further information, please contact: Jacob Zeno Clausen Krøvel, Head of Investor Relations,Volue +47 4840 3225, Jacob.krovel@volue.com AboutVolue Volue is a market leader in technologies and services that power the green transition. Based on 50 years of experience,Volue provides innovative solutions, systems and insights to industries critical to society. Over 750 employees work with more than 2,200 customers across energy, power grid, water and infrastructure projects that ensure a sustainable, flexible and reliable future. The company is headquartered inOslo, Norway and active in 40+ countries. Visit volue.com for more information. This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation article 19 and 5-12 of the Norwegian Securities Trading Act.
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