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Circio Holding ASA

Regulatory News Service Nov 24, 2025

3769_iss_2025-11-24_a30e6862-8edf-411b-8e22-bb75c692b3b8.html

Regulatory News Service

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Circio presents data that further strengthens and broadens its circVec circular RNA expression platform

Circio presents data that further strengthens and broadens its circVec circular RNA expression platform

* New circVec 4.0 construct boosts gene expression level by 50% on top of

highly efficient generation 3 design

* Validation and enhancement of circVec-AAV in heart, showing higher yield,

improved tissue selectivity and reduced toxicity

* circVec-AAV advantage in brain shown for the first time, opening new

opportunity to address major unmet medical needs in CNS disease

* The recently announced R&D agreement with a big pharma demonstrates Circio s

position as the leader in circular RNA gene expression technology

* Flexible access to capital available through 1Q 2026

Oslo, Norway, 24 November 2025 -- Circio Holding ASA (OSE: CRNA), a

biotechnology company developing novel circular RNA expression technology for

gene and cell therapy, today announces it is presenting additional and

substantially strengthened in vivo data for its circVec-AAV expression

platform. The latest results validate and expand on the previously presented

40 times advantage compared to conventional mRNA-based AAVs in heart. Circio

management will provide an overview of the new circVec results, as well as a

business development and finance update, in a live webcast at 10:00am CET,

today, Monday 24 November 2025.

In the presentation, Circio s CTO Dr. Thomas B Hansen will showcase the latest

circVec generation 4 design. This new circVec construct incorporates a novel

genetic element that provides a 50% boost over circVec generation 3, which was

already performing at a very high level compared to conventional mRNA-based

expression systems.

The strong circVec-AAV heart data first presented in May 2025 has been

validated and expanded, adding 50% further improvement with circVec 4.0. Live

in vivo tracking and ex vivo tissue analyses demonstrate that heart-specific

circVec-AAV consistently achieves around 40-fold increased gene expression,

improved tissue specificity and reduced toxicity.

These results clearly demonstrate the potential of the circVec platform to

improve conventional AAV vectors. As such, the circVec technology addresses

major caveats of the current gold-standard approach and offers a solution to

make AAV gene therapy safer and more commercially viable.

In parallel, Circio is testing circVec performance in several other tissues.

Seven-fold increased activity in the eye for locally delivered circVec-AAV was

presented in 3Q 2025. These important findings are now being further explored

in ongoing in vivo experiments. Today, Circio presents emerging AAV in vivo

data showing 4-fold increased expression in the brain, which opens central

nervous system (CNS) indications as a novel circVec development opportunity.

Gene therapy for diseases of the eye and CNS represent areas of increasing

biopharma activity, as evidenced by several recent strategic transactions by

major pharma companies.

"Circio has been undertaking broad characterization, engineering and

optimization of the circVec AAV platform. As a result, we now have an in vivo

data package that confirms enhanced expression, better target selectivity and

reduced toxicity compared to conventional AAVs," said Dr. Thomas B Hansen, CTO

of Circio. "These results clearly demonstrate the significant potential of

circVec to make heart disease gene therapies more effective and safer for

patients. Early data suggests that the circVec advantages also apply for AAVs

delivered locally to the eye and CNS, and we are currently exploring these

findings in a set of ongoing in vivo experiments. In addition, we are

continuing to enhance the underlying circVec technology platform with novel

design features. We are expanding our science team in Stockholm to advance

these opportunities, and look forward to an exciting 2026 with many important

R&D milestones."

During 2025 Circio has continued to implement tight cost controls with a lean

organizational set-up, strictly prioritizing R&D activities that can deliver

near-term technology validation and business development opportunities. Four

funding tranches of NOK 4 million remain available from the financing

commitment extension by Atlas, which provides flexible access to capital

through Q1 2026. Based on the recent strong data and BD activity, Circio is

exploring multiple alternatives to secure additional financing to enable

further expansion and acceleration of its R&D operations.

"The technical achievements of Circio s research team continue to impress,

especially given our lean, cost-efficient set-up," said Dr. Erik Digman

Wiklund, CEO of Circio. "These achievements have now led to Circio entering

its first agreement with a major pharmaceutical company. This provides

important validation of our circVec technology and opens novel therapeutic and

commercial possibilities for the future. We are expanding the circVec platform

with both gene and cell therapy programs, which we anticipate will create

several opportunities for additional partnerships."

Presenters:

CEO Dr. Erik Digman Wiklund

CTO Dr. Thomas Birkballe Hansen

Time: 10:00 CET on 24 November 2025

Click here to access Teams webcast

(https://teams.microsoft.com/l/meetup-join/19%3ameeting_MmU0NTBhMTQtZjljMy00ODc4LTk4NzQtNzIwMzQwYTljN2U1%40thread.v2/0?context={"Tid"%3a"66b0661a-3ec3-48a8-a966-5b0cce82b3fe"%2c"Oid"%3a"3f5f84b0-5521-4c04-bd8a-e185546abe04"})

Meeting ID: 366 918 860 415 63

Passcode: Kn2Pq9pM

Questions can be submitted in advance by email to Erik D Wiklund:

[email protected] or directly in the live webcast

A recording of the webcast will be made available on the Circio webpage

(http://www.circio.com/)

About Circio

Building circular RNA expression systems for enhanced gene and cell therapies

Circio Holding ASA is a biotechnology company developing novel circular RNA

expression technology for gene and cell therapy.

Circio has established a unique circular RNA (circRNA) vector expression

technology for next generation RNA, DNA and viral therapeutics. The

proprietary circVec platform is based on a modular genetic construct designed

for efficient biogenesis of multifunctional circRNA inside target cells. The

circVec platform has applications in multiple therapeutic settings, including

genetic medicine, cell therapy and chronic disease. It has demonstrated

75-fold increased RNA half-life and up to 40-fold enhanced protein expression

vs. conventional mRNA-based viral and non-viral vector systems, with the

potential to become a new gold-standard gene expression technology. The

circVec R&D activities are being conducted by the wholly owned subsidiary

Circio AB in Stockholm, Sweden.

In parallel, Circio is continuing to develop its legacy immuno-oncology

program, TG01, through cost-efficient external academic and industry

collaborations. TG01 targets RAS-mutated cancers and is being tested in two

clinical trials in Norway and the USA. TG01 is a therapeutic peptide vaccine

adjuvanted by STIMULON QS-21 licensed from Agenus Inc.

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation (MAR) and is subject to the disclosure requirements

pursuant to MAR article 17 and section 5-12 of the Norwegian Securities

Trading Act. The information was submitted for publication at 2025-11-24 07:00

CET.

This stock exchange announcement was published by Mats Hermansen, VP Finance,

on behalf of the Company, at the time and date stated above in this

announcement.

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