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Cxense ASA – Subscription by primary insider in the rights issue

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Reference is made to the ongoing fully underwritten rights issue (the "Rights issue") in Cxense ASA (the "Company").

The following primary insiders, including their close associates, have subscribed for offer shares in the Rights Issue at a subscription price of NOK 7:

Lars Bjørn Thoresen, chairman of the board, has subscribed for 37,027 offer shares in the Rights Issue based on exercise of granted subscription rights. LT Invest AS, a company controlled by Lars Bjørn Thoresen, has subscribed for 391,544 offer shares, of which subscription of 17,681 offer shares is based on granted subscription rights. Subject to all offer shares being allocated pursuant to these subscriptions, Lars Bjørn Thoresen will, directly and indirectly through companies controlled by him, own 467,248 shares in the Company. Lars Bjørn Thoresen also holds 40,000 share options in the Company.

Liza Benson, board member in the Company, has subscribed for 6,154 offer shares in the Rights Issue. The subscription is not based on subscription rights. Subject to all offer shares being allocated pursuant to this subscription, Liza Benson will own 6,154 shares in the Company.

Imsight AS, a company controlled by Ingeborg Hegstad, board member in the Company, has subscribed for 7,142 offer shares in the Rights Issue pursuant to exercise of granted subscription rights. Following issuance of offer shares in the Rights Issue, Imsight AS will own 14,292 shares in the Company.

Azeem Azhar, board member in the Company, has subscribed for 7,142 offer shares in the Rights Issue. The subscription is not based on subscription rights. Subject to all offer shares being allocated pursuant to this subscription, Azeem Azhar will own 7,142 shares in the Company.

Martin Moran, board member in the Company, has subscribed for 71,428 offer shares in the Rights Issue. The subscription is not based on subscription rights. Subject to all offer shares being allocated pursuant to this subscription, Martin Moran will own 71,428 shares in the Company.

Ryoichi Egawa, SVP Business Development and General Manager Japan, has subscribed for 77,304 offer shares in the Rights Issue, of which subscription of 27,304 offer shares is based on exercise of granted subscription rights. Subject to all offer shares being allocated pursuant to this subscription, Ryoichi Egawa will own 96,607 shares and 41,000 share options in the Company.