COPENHAGEN, Denmark, February 23, 2024 - Napatech (OSLO: NAPA.OL) today
announced that the Board of Directors of Napatech A/S has decided to issue share
options to its chief executive officer.

The Board's decision was made in accordance with the 22 February 2024
extraordinary general meeting's decision and authorization to the Board adopted
as Articles 7.10 in the articles of association.

The authorization from the extraordinary general meeting in February 2024 was
for a total of 2,000,000 share options (corresponding to nominally DKK 500,000).


A total of 2,000,000 share options have been issued to Lars Boilesen for the
subscription of up to 2,000,000 shares of a nominal value of DKK 0.25 each at an
exercise price of NOK 17.21 per share determined by the Board of Directors to be
the fair market value based on the average VWAP (volume-weighted average price)
across the last five trading days on the OSE Stock Exchange from February 16,
2024, to February 22, 2024. 

These share options are subject to the Napatech Share Option and Incentive
Program 2024 and shall be exercised as follows: 

o	500,000 must be exercised by 31 January 2030.
o	500,000 must be exercised by 31 January 2031.
o	500,000 must be exercised by 31 January 2032.
o	500,000 must be exercised by 31 January 2033.

Furthermore, the share options are subject to a three-year lock-up as of the
date of grant, where the options and the shares subscribed through the exercise
of the options cannot be transferred or assigned, except in specific limited
circumstances as set out in Articles 7.10 in the articles of association.

After the issue, Lars Boilesen holds a total of 2,272,306 share options and
512,564 shares in the company. 

For more information, please contact:

Heine Thorsgaard, CFO
E-mail: htg@napatech.com

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© Oslo Bors ASA, source Oslo Stock Exchange