Gentian Diagnostics ASA

Share Issue/Capital Change • Dec 4, 2020

Share issue in connection with employee share purchase program

Share issue in connection with employee share purchase program

Moss, 04 December 2020

Reference is made to the annual general meeting held on 14 May 2020 where a resolution to grant an authorisation for a share issue in connection with an employee share purchase program (ESPP) was resolved.

Gentian Diagnostics AS is pleased to announce that it has decided to conduct a share issue towards company employees that has subscribed for shares in the ESPP. Under the terms of the ESPP, all employees have been given the opportunity to subscribe for shares up to a maximum amount of NOK 25,000. The Company has decided to award a 20% discount to the volume weighted average price between 9 November and 20 November, resulting in a subscription price of NOK 50.38 per share. More than 50% of the employees have subscribed for shares and a total of 9,171 shares will be issued raising a gross proceed of NOK 462,000. Following the completion of the offering and the issue of the New Shares, Gentian's share capital will increase by NOK 917.10 to NOK 1,541,188.9 comprising 15,411,889 shares with a nominal value of NOK 0.10 per share.

For further information, please contact:

Hilja Ibert

CEO, Gentian Diagnostics

E-mail: hilja.ibert@gentian.no

Cell Phone: +47 919 05 242

Njaal Kind

CFO, Gentian Diagnostics

E-mail: njaal.kind@gentian.no

Cell Phone: +47 919 06 525