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Regulatory press release

OBSRV: Observe Medical expands into the Asian market

Observe Medical
Oslo, January 18, 2024 - Observe Medical ("the Company" or "Observe Medical")
announces the expansion of its UnoMeter portfolio into the Asian market, with
UnoMeter 500 orders received from Thailand and Vietnam.

This expansion not only diversifies our market presence but also reinforces
Observe Medical's commitment to global growth and establishing a strong foothold
in regions with high market potential. Asia has historically accounted for
approximately 10% of UnoMeter's global annual sales, with Thailand representing
the largest market, contributing to half of the region's total. Alongside
Vietnam, these two countries represent a significant share of the historical
presence in the Asian market.

Jørgen Mann, Chief Commercial Officer at Observe Medical, remarked, "We are
thrilled to expand our reach in the Asian market, which is in line with the
overall strategy of global presence. Asia has historically been an important
market for our products, and we are optimistic about the prospects of our Asian
operations and look forward to building lasting relationships with partners and
customers in the region".

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 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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