Stavanger, Norway, 24 November 2021 - Reference is made to the stock exchange
notice published by Zaptec AS (the "Company") dated 22 November 2021 where it
was announced that the Company's CTO, Knut Braut, had exercised a total for
300,000 share options.

As a result of the option exercise, the board of directors of the Company has
today resolved to issue 300,000 new shares, at an average subscription price of
NOK 8.6667 per share. The new shares are issued pursuant to the authorisation
provided to the board of directors at the annual general meeting in 2021.

The share capital is increased by NOK 1,875.00 by subscription of 300,000 new
shares with a nominal value of NOK 0.00625 per share. The total subscription
amount is NOK 2,600,000, whereas NOK 2,598,125.00 is share premium. 

Following the share capital increase, the Company will have a share capital of
NOK 476,935.4875 divided into 76,309,678 shares, each with a nominal value of
NOK 0.00625.

The share capital increase will be duly registered in the Norwegian Register of
Business Enterprises.

For more information: 
Anders Thingbø, CEO, Zaptec AS Tel: +47 934 88 385, e-mail: at@zaptec.com 
Kurt Østrem, CFO, Zaptec AS Tel: +47 404 04 700, e-mail: kurt@zaptec.com 

About Zaptec: Zaptec AS is a technology company within Electronic vehicle (EV)
charging systems in Europe. The company develops EV charging systems for multi
and single-family homes and office buildings. The product portfolio enables
large number of charging points at a low cost and includes Zaptec Pro, Zaptec
Go, Charge365 payment services, Charging columns, Zaptec Portal, and Zaptec APM.
The company accelerates the electrification of the transport sector to assist
European countries in reducing CO2 emissions from light-duty cars.

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