Incentive Programmes

To motivate and retain key employees and offer them an opportunity to become partners in Truecaller, the Board has implemented incentive programs.

The annual general meeting 2024 approved incentive program LTIP 2024 which consists of two programs, one which relate to a share programme and one relating to a employee stock option program. In LTIP 2024 the Company will be issuing a maximum of app. 7.6 millions shares and options entailing a maximum dilution of the shares of app. 2.2 percent of the Company's total outstanding shares. The programs for employees participating in LTIP will mature in 2026-2029.

The annual general meeting 2023 approved incentive program LTIP 2023 which consists of two programs, one which relate to a share programme and one relating to a employee stock option program. In LTIP 2023 the Company will be issuing a maximum of app. 2 millions shares and options entailing a maximum dilution of the shares of app. 0.6 percent of the Company's total outstanding shares. The programs for employees participating in LTIP will mature in 2025-2027.

The annual general meeting 2022 approved incentive program LTIP 2022 which consists of three programs, one which relate to employee stock program (RSU) and two relating to warrant programs. In LTIP 2022 the Company will be issuing a maximum of app. 3.2 millions shares and warrants entailing a maximum dilution of the shares of app. 0.9 percent of the Company's total outstanding shares. The programs for employees participating in LTIP will mature in 2026 and other participants (not covered by LTIP 2021) in 2025-2026.