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Oslo, Norway --- The following primary insider has carried out the following

Laila Danielsen, CEO, has sold 250 000 shares in Elliptic Laboratories ASA at
a price of NOK 22.83, equal to an aggregate amount of approximately NOK 5.71
million. After the transaction, Laila Danielsen owns 4 374 150 shares in
Elliptic Labs, equal to approximately 4.2% of the shares and votes.

See the enclosed form for further details about the transaction.

Investor Relations:
Lars Holmøy
[email protected]

PR Contact:
Patrick Tsui
[email protected]

About Elliptic Labs
Elliptic Labs is a global enterprise targeting the smartphone, laptop, IoT,
and automotive markets. Founded in 2006 as a research spin-off from Norway's
Oslo University, the company's patented software uses AI, ultrasound, and
sensor-fusion to create AI Virtual Smart Sensors that deliver intuitive 3D
gesture-, proximity-, presence-, breathing-, and heartbeat -detection
experiences. Its scalable AI Virtual Smart Sensor PlatformTM creates
software-only sensors that are sustainable, human-friendly, and already
deployed in hundreds of millions of devices around the world. Elliptic Labs is
the only software company that has delivered detection capabilities using AI
software, ultrasound, and sensor-fusion deployed at scale. The company is
listed on the Oslo Børs.

Elliptic Labs is headquartered in Norway with presence in the USA, China,
South -Korea, Taiwan, and Japan. Its technology and IP are developed in Norway
and are solely owned by the company.

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 19 no. 3. The information was submitted for publication
at 2023-01-06 17:06 CET.

Elliptic Laboratories operates in the technology industry. The company specializes in the development of sensor systems. The software is self-developed and is mainly used for mobile devices and applications. The customers consist of small and medium-sized corporate customers operating in a number of sectors. In addition to the main business, various value-added services and advice are also offered. Elliptic Laboratories has the largest operations in the North American market.