Resolution to Increase Share Capital Following the Acquisition of Powerpool Mining SL and Issuance of Options to Tech Committee Members

Lokotech Group AS (“Lokotech Group” or “the Company”)

The company's auditor has confirmed the Board's resolution to increase the share capital of Lokotech Group by issuing 2,798,847 shares, each with a nominal value of 0.05 Norwegian Kroner (NOK). This issuance forms part of the consideration for acquiring 66.65% of Powerpool Mining SL, as per public notice dated the 30th of January 2024. The Shares are issued at a value 1.8 NOK/share. 1,554,915 of the shares are locked up 3 months, while the remaining 1,243,932 of the shares are locked up 6 months as per public notice dated 28th of May. The share issuance is resolved pursuant to an authorization to increase the Company's share capital granted by the annual general meeting of shareholders on 1st June 2023.

Following the registration of the share capital increase with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret), the new share capital of the Company will in total be NOK 8,799,942.35, divided into 175,998,847 shares, each with a nominal value of NOK 0.05. The share capital increase will be registered with the Norwegian Register of Business Enterprises as soon as practically possible.

Also, board members Susheel Nuguru and Wiktor Miesok have each been granted 150,000 options in recognition of their valuable contributions to the company in their tech committee roles, which far exceed the expectations of their board positions alone. The options were issued pursuant to an authorization granted to the board of directors by the general meeting of shareholders on 2nd of May 2023. The options have a flexible strike price of NOK 0.978 plus 20% of the difference between strike price and the market price at the time of exercise.

The options expire on 2 May 2025. For more information, contact post@lokotech.no.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.