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Regulatory press release

AQUA BIO TECHNOLOGY ASA - CORRECTION NOTIFIABLE TRANSACTION

Aqua Bio Technology
24.8.2023 11:00:50 CEST | Aqua Bio Technology ASA | Mandatory notification of
trade primary insiders

With reference to the stock exchange announcement on 3 August 2023 made by Aqua
Technology ASA ("ABTEC" or the "Company") with respect to RH Investments AS'
subscription of 4,133,333 new shares in ABT in connection with the previously
announced private placement. The subscriber was RH Industri AS, not RH
Investments AS, and the number of shares subscribed for should be 4,119,452.

Corrected version:

RH Industri AS, a company controlled by ABTEC board member Roger Hofseth, has
been allocated 4,119,452 shares in the Private Placement, each new share at a
subscription price of NOK 3, for a total subscription amount of NOK 12,358,356.

Please see the attached notification form.

For further information, please contact Håvard Lindstrøm, CEO, telephone +47 941
32 288.

This information is subject to the disclosure requirements in Regulation EU
596/2014 article 19 number 3 and the Norwegian Securities Trading Act § 5-12.



Aqua Bio Technology (ABTEC) is developing and commercializing sustainable
biotechnology for use in skin care products. ABTEC's cosmetics ingredients are
effective and they provide the cosmetics industry with natural alternatives to
traditional ingredients. ABTEC is also marketing and distributing natural skin
care products developed by partners towards consumers and professional users.
ABTEC's focus on commercialization and development of natural ingredients and
natural skin care products has been, and will continue to be, an important part
of the company's strategy going forward. Aqua Bio Technology is listed on
Euronext Expand.

DISCLOSURE REGULATION

This information is subject of the disclosure requirements pursuant to section
of 5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Håvard Lindstrøm, 004794132288, hl@aquabiotech.no

ABOUT AQUA BIO TECHNOLOGY ASA

Aqua Bio Technology (ABT) is developing and commercializing sustainable
biotechnology for use in skin care products. ABT's cosmetics ingredients are
highly effective and they provide the cosmetics industry with natural
alternatives to traditional ingredients. ABT is also marketing and distributing
natural skin care products developed by partners towards consumers and
professional users. Aqua Bio Technology is listed on Euronext Expand.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2567/3577/Download%20announcement
%20as%20PDF.pdf

Notification form RH Industri AS.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2567/3576/Notification%20form%20R
H%20Industri%20AS.pdf
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