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Regulatory press release

poLight ASA: Approval and publication of prospectus for the Rights Issue

poLight
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN CANADA, JAPAN, AUSTRALIA OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange announcement by poLight ASA (the "Company") on 11 April 2023 regarding approval by the Company's extraordinary general meeting of a fully underwritten rights issue in the Company to raise gross proceeds of NOK 135 million.

The Financial Supervisory Authority of Norway (Nw: Finanstilsynet) has today, 13 April 2023, approved a prospectus prepared by the Company in connection with the Rights Issue (the "Prospectus"). Subject to local applicable securities laws, the Prospectus will be made available at the websites of the Company (https://www.polight.com/investors), as well as the websites of Pareto Securities AS (acting as manager for the Rights Issue) (https://paretosec.com/updates/transactions/).

The subscription period for the Rights Issue will commence tomorrow, 14 April 2023, at 09:00 hours (CEST) and expire on 28 April 2023 at 16:30 hours (CEST). The subscription rights in the Rights Issue will be tradable on the Oslo Stock Exchange under the ticker code "PLTT" from 14 April 2023 at 09:00 hours (CEST) until 24 April 2023 at 16.30 hours (CEST).

Advisers:

Pareto Securities AS has been retained by the Company to act as manager and bookrunner for the Rights Issue.

Advokatfirmaet CLP DA is acting as legal adviser to the Company in connection with the Rights Issue.

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