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Regulatory press release

Observe Medical - New order and distribution agreement with ReplantMed

Observe Medical
Oslo, November 28, 2023 - Observe Medical ("the Company" or "Observe Medical")
announces a new order and distribution agreement with ReplantMed, our Hungarian
distributor.

The UnoMeter portfolio is continuously expanding footprint with total orders
from 15 countries, demonstrating its widespread market and global demand.
Positive clinical evaluations further strengthen the quality and performance of
the UnoMeter products across markets.

"Our UnoMeter portfolio continue to gain traction and we are enthusiastic about
consistently delivering high-quality products to our valued customers. Our main
focus is on expanding our presence in key markets and building strong
relationships with strategic distribution partners." said Observe Medical CCO,
Jørgen Mann.

For further information, please contact:

Rune Nystad, CEO Observe Medical
Mobile: +47 916 24 683
E-mail: rune.nystad@observemedical.com

Per Arne Nygård, CFO Observe Medical
Mobile: +47 411 04 345
E-mail: perarne.nygard@observemedical.com

About ReplantMed

ReplantMed offers medical devices for hospitals representing 20 companies with
more than ten thousand products, including import, wholesaling and retail. The
Company offer high-quality products and product-related services to healthcare
professionals and caregivers.

About Observe Medical

Observe Medical is a Nordic medtech company that develops, markets and sells
innovative medtech products for the global market. The Company is committed to
improving patient welfare and patient outcomes, improving clinical data accuracy
and promoting positive health economics.

The Company seeks to drive growth by leveraging its expertise in sales and
commercialization of its broad portfolio of medical technology products, mainly
in urine measurement, ultrasound, anesthesiology/ICUs, surgery and wound care,
in combination with targeted M&A.

The Company is headquartered in Oslo, Norway, with additional offices in Narvik,
Norway and Gothenburg, Sweden, and subsidiaries in Finland and the US. In
addition, Observe Medical has a direct sale organization in the Nordics and a
distributor network internationally.

Further information is available at www.observemedical.com.
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