Option Grant

Oslo, Norway - 17 September 2018 - Cxense ASA (the "Company") today announces that the Board of Directors has resolved to issue 344,000 share options to employees in the Company.

The grant was made under the Company's 2018 share option incentive program as adopted by the Company's annual general meeting on 9 May 2018. The exercise price of the share options issued is NOK 33.67 per new share. The issued share options will vest over 4 years by 25% on each anniversary from the date of the grant. The share options expire on 15 September 2023, after which they will lapse and be of no value.

Following the grant, there will be a total of 818,775 share options and subscription rights outstanding in the Company. As of today, the Company has 9,081,801 shares outstanding.

Cxense ASA

Investor Relations Contact:

Jørgen M. Loeng

Chief Financial Officer

Email: ir@cxense.com

Mobile: +47 906 60 062

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