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Regulatory press release

Key information relating to the preferential rights issue to be carried out by poLight ASA

poLight
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Reference is made to the stock exchange announcement published poLight ASA (the "Company" or "poLight") on 20 March 2023 regarding the contemplated partly underwritten rights issue in the Company, to raise gross proceeds of up to NOK 135 million (the "Rights Issue") and to the updated proposals form the Company's Board of Directors announced on 11 April 2023 as well as the increased underwriting amount for the Rights Issue. Updated key information relating to the Rights Issue is set out below.

Date on which the terms and conditions of the Rights Issue were announced: 20 March 2023

Last day including right: 11 April 2023

Ex-date: 12 April 2023

Record Date: 13 April 2023

Date of approval: 11 April 2023

Number of new shares: 12,918,660

Subscription price: NOK 10.45

Ratio subscription rights: 0.248661 subscription right per 1 existing share in the Company. The aggregate number of subscription rights granted to each shareholder will be rounded down to the nearest whole subscription right.

Subscription ratio: 1:1 (1 subscription right will give the right to subscribe 1 new share in the Rights Issue)

Manager: Pareto Securities AS

Will the rights be listed: Yes

ISIN for the subscription rights: NO 001 2888215

Other information: The Rights Issue is fully underwritten. The Rights Issue is subject to approval by the Company's extraordinary general meeting (the "EGM") to be held today, 11 April 2023, at 18:00 hours (CEST). Please refer to the notice for the EGM for further information about the Rights Issue, published by the Company on 20 March 2023 and available on https://www.polight.com/investors/general-meetings/default.aspx, as well as information relating to determination of the subscription price, the number of shares in the Rights Issue and the increased underwriting amount, published by the Company earlier today on 11 April 2023.

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