MANDATORY NOTIFICATION OF TRADE BY PRIMARY INSIDERS AND CLOSE ASSOCIATES OF PRIMARY INSIDERS

MANDATORY NOTIFICATION OF TRADE BY PRIMARY INSIDERS AND CLOSE ASSOCIATES OF PRIMARY INSIDERS

Reference is made to the stock announcement from Norcod AS ("Norcod" or the

"Company") on 26 June 2026 regarding the final result of the subsequent

offering (the "Subsequent Offering") of 388,170 new shares (the "Offer

Shares") at a subscription price of NOK 10 per Offer Share.

In connection with the Subsequent Offering, the following primary insiders and

close associates of primary insiders have been allocated a number of Offer

Shares as set out below.

Close associates of primary insiders:

ArthaScope Kapitalforvaltning A/S, a close associate of Jan Severin Sølbæk who

is board member in Norcod, has been allocated 221,556 Offer Shares equal to

NOK 2,215,560 in the Subsequent Offering.

Primary insiders:

Stian Hansen, CFO in Norcod, has been allocated 5,000 Offer Shares equal to

NOK 50,000 in the Subsequent Offering.

Marco Fria, Business Controller in Norcod, has been allocated 2,300 Offer

Shares equal to NOK 23,000 in the Subsequent Offering.

Please see attached notification of trades for further details.

Contact:

Christian Riber, Chief Executive Officer, phone: +47 905 37 990, E-mail:

[email protected]

Stian Hansen, Chief Financial Officer, phone: +47 481 78 846, E-mail:

[email protected]

This information has been submitted pursuant to the Securities Trading Act §

5-12 and MAR. The information was submitted for publication, through the

agency of the contact persons set out above, at 2026-06-30 15:00 CEST.