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Regulatory press release

VISTN: Vistin Pharma enters into a long-term renewable energy supply agreement with Statkraft

Vistin Pharma
Oslo, Norway, 9 December 2022

Vistin Pharma ASA (Vistin Pharma, OSE: VISTIN) announces that it has entered
into a long-term industrial energy agreement with Statkraft, the leading
Norwegian energy supplier. The agreement will secure a significant part of
Vistin's electricity demand on competitive terms until 2032. The agreement
includes Guarantees of Origin as certification of the renewable energy supply,
and starts 1.1.2023.

2022 has been very challenging for Vistin and the Norwegian industry, when it
comes to electricity costs, with extreme volatility and record high electricity
prices in the NO2 area where Vistin's fully automated production plant is
located.

- This agreement will give Vistin Pharma stable electricity supply at
predictable and competitive prices. The agreement helps to secure our
competitiveness in the global Metformin market. We are happy that Statkraft by
this agreement contributes to the future development of Vistin and thereby
allows the company to continue focusing on its growth strategy, says Kjell-Erik
Nordby, CEO in Vistin Pharma.

- We are very pleased to conclude another renewable energy contract with the
Norwegian industry which confirms that Statkraft offers relevant solutions at
competitive terms, says Frode Berntsen, Head of Industry Nordics & Baltics at
Statkraft.

About Vistin Pharma | www.vistin.com

Vistin Pharma is a Norwegian pharmaceutical company producing Metformin
Hydrochloride (API). The Metformin is also available as Direct Compressible
lubricated granules. As a solely dedicated European Metformin producer, Vistin
Pharma is a well-positioned supplier to leading pharmaceutical companies. Vistin
Pharma is headquartered in Oslo, Norway, and has highly qualified employees and
a dedicated manufacturing facility in Kragerø.

About Statkraft | www.statkraft.com

Statkraft is a leading company in hydropower internationally and Europe's
largest generator of renewable energy. The Group produces hydropower, wind
power, solar power, gas-fired power and supplies district heating. Statkraft is
a global company in energy market operations Statkraft has 4,800 employees in
20 countries.

*****

For further information, please contact:

Alexander Karlsen
CFO
+47 97 05 36 21
alexander.karlsen@vistin.com (mailto:alexander.karlsen@vistin.com)
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