Huddly AS - The board of directors of Huddly AS has resolved a programme for repurchase of own shares

On 11 January 2022, the board of directors of Huddly AS (the "Company") has, based on the authorization from the Extraordinary General Meeting on 29 January 2021, resolved that the Company shall repurchase own shares on Euronext Growth Oslo. The purpose of the share repurchase programme shall be to optimize and improve the capital structure of the Company, thereby creating added shareholder value. The board of directors determines the methods by which own shares can be disposed of, according to the authorization from the Extraordinary General Meeting on 29 January 2021.

The repurchase programme will be implemented in accordance with the EU Market Abuse Regulation No 596/2014 ("MAR"), the Commission Delegated Regulation No 2016/1052 ("Safe Harbour Regulation") and Oslo Børs' guidelines for buy-back programmes and price stabilisation from February 2021 (the "Guidelines").

Terms and conditions for repurchases of own shares According to the board of directors' resolution, any repurchase of own shares shall be made on Euronext Growth in accordance with MAR, the Safe Harbour Regulation, the Guidelines and the following terms and conditions. • Repurchases may be made on one or more occasions before the Company's Annual General Meeting on 29 March 2022. • The maximum amount for which shares may be repurchased shall not exceed NOK 50 million. • Repurchases shall be made at a price within the price interval of the share registered at Euronext Growth at any given time. According to the authorization from the Extraordinary General Meeting on 29 January 2021, the consideration per share may not be less than NOK 0.01 and may not exceed NOK 50. • Repurchased shares shall be paid in cash.

Total number of shares in the Company and the Company's holding of own shares In accordance with the authorization from the Extraordinary General Meeting on 29 January 2021, the board of directors is authorized to repurchase up to 9,561,600 shares in the Company at a total nominal value of NOK 5,976. The Company has not used the authorization to date. As of 11 January 2022, the Company’s holding of own shares is 300,016 shares (these were repurchased based on an earlier authorization). The total number of shares in the Company is 216,328,048.

Reporting of completed repurchases of own shares Completed repurchases of own shares will be reported in accordance with applicable laws and regulations as well as Euronext Growth Oslo Rule Book – Part II and the Guidelines.

For further information, please contact: Stein Jacob Frisch, Investor Relations, Huddly AS, mob: +47 916 10 911, email: huddly@lillebyfrisch.no

This information is made public by Huddly AS pursuant to MAR, the Safe Harbour Regulation, Euronext Growth Oslo Rule Book – Part II and the Guidelines.