NVE Corporation Investor Bulletin

NVE to Join Russell 3000 and Russell 2000 Indexes

EDEN PRAIRIE, Minn.—May 22, 2023—NVE Corporation is set to join the Russell 3000 and Russell 2000 Indexes effective at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the U.S. market opens on June 26, 2023, according to a preliminary list of additions posted May 19, 2023.

Russell reports that approximately $12.1 trillion in assets are benchmarked against Russell’s U.S. indexes.

Links to Russell and other indexes that include NVE can be found in the “Investors” section of NVE’s website (www.nve.com).

NVE is a leader in the practical commercialization of spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store and transmit information. The company manufactures high-performance spintronic products including sensors and couplers that are used to acquire and transmit data.

Statements used in this announcement that relate to future plans, events, or performance are forward-looking statements that are subject to certain risks and uncertainties including, among others the risk factors listed from time to time in our filings with the SEC, including our Annual Report on Form 10-K and other reports filed with the SEC.