Polight ASA

Major Shareholding Notification • Nov 27, 2025

Potential block sale of existing shares in poLight ASA

Potential block sale of existing shares in poLight ASA

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE

OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, HONG KONG,

SOUTH AFRICA OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR

DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER

TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION,

INCLUDING THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, HONG KONG OR SOUTH

AFRICA.

Investinor Direkte AS (the "Seller") has retained Pareto Securities AS (the

"Manager") to explore a potential block sale of existing shares (the

"Offering") in poLight ASA (the "Company").

The Seller currently holds 14,149,715 shares in the Company which equals

approx. 6.66% of the Company's shares outstanding. The Seller is contemplating

selling its entire shareholding in the Company (the "Offer Shares") if the

demand and price in the Offering is satisfactory. The Seller reserves the

right, at its sole discretion, to sell no Offer Shares at all.

The price in the Offering will be determined through an accelerated

bookbuilding process and will be denominated in NOK. The final price in the

Offering will be identical for all investors with an allocation in the

Offering.

The bookbuilding period in the Offering will commence immediately (27 November

2025) and will close on 28 November 2025 at 08:00 CET. The Manager may, at its

sole discretion, extend, shorten or close the bookbuilding period at any time

and for any reason without notice. If the bookbuilding period is extended,

shortened or closed, the other dates referred to herein may be changed

accordingly.

The Offering is expected to be priced and allocated before 09:00 CET on 28

November 2025 (T). The settlement in the Offering will be conducted on a

normal delivery-versus-payment basis (DVP T+2). The Offer Shares will be

tradable on Euronext Oslo Børs (main regulated list on the Oslo Stock

Exchange) from T.

The minimum order and allocation in the Offering have been set to the NOK

equivalent of EUR 100,000. The Manager may, however, offer and allocate an

amount below the NOK equivalent of EUR 100,000 in the Offering to the extent

exemptions from prospectus requirements, in accordance with Regulation (EU)

2017/1129 and ancillary regulations, are available.

The Seller will receive the net proceeds from the Offering. The Company will

not receive any proceeds from the Offering.

For more information about the Offering please contact the Manager:

Pareto Securities AS

+47 22 87 87 50

Important notices:

This announcement is not and does not form a part of any offer to sell, or a

solicitation of an offer to purchase, any securities of the Company. The

distribution of this announcement and other information may be restricted by

law in certain jurisdictions. Copies of this announcement are not being made

and may not be distributed or sent into any jurisdiction in which such

distribution would be unlawful or would require registration or other

measures. Persons into whose possession this announcement or such other

information should come are required to inform themselves about and to observe

any such restrictions.

The securities referred to in this announcement have not been and will not be

registered under the U.S. Securities Act of 1933, as amended (the "Securities

Act"), and accordingly may not be offered or sold in the United States absent

registration or an applicable exemption from the registration requirements of

the Securities Act and in accordance with applicable U.S. state securities

laws. The Company does not intend to register any part of the offering or its

securities in the United States or to conduct a public offering of securities

in the United States.

In any EEA Member State, this communication is only addressed to and is only

directed at qualified investors in that Member State within the meaning of the

Prospectus Regulation, i.e., only to investors who can receive the offer

without an approved prospectus in such EEA Member State. The expression

"Prospectus Regulation" means Regulation (EU) 2017/1129 as amended together

with any applicable implementing measures in any Member State.

This communication is only being distributed to and is only directed at

persons in the United Kingdom that are "qualified investors" within the

meaning of the Prospectus Regulation as it forms part of English law by virtue

of the European Union (Withdrawal) Act 2018 and that are (i) investment

professionals falling within Article 19(5) of the Financial Services and

Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or

(ii) high net worth entities, and other persons to whom this announcement may

lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order

(all such persons together being referred to as "relevant persons"). This

communication must not be acted on or relied on by persons who are not

relevant persons. Any investment or investment activity to which this

communication relates is available only for relevant persons and will be

engaged in only with relevant persons. Persons distributing this communication

must satisfy themselves that it is lawful to do so.

Matters discussed in this announcement may constitute forward-looking

statements. Forward-looking statements are statements that are not historical

facts and may be identified by words such as "believe", "expect",

"anticipate", "strategy", "intends", "estimate", "will", "may", "continue",

"should" and similar expressions. The forward-looking statements in this

release are based upon various assumptions, many of which are based, in turn,

upon further assumptions. Although the Seller believes that these assumptions

were reasonable when made, these assumptions are inherently subject to

significant known and unknown risks, uncertainties, contingencies and other

important factors which are difficult or impossible to predict and are beyond

their control.

By their nature, forward-looking statements are subject to numerous factors,

risks and uncertainties that could cause actual outcomes and results to be

materially different from those projected. Readers are cautioned not to place

undue reliance on these forward-looking statements. Except for any ongoing

obligation to disclose material information as required by the applicable law,

the Seller does not have any intention or obligation to publicly update or

revise any forward-looking statements after they distributes this

announcement, whether to reflect any future events or circumstances or

otherwise.

Neither the Manager nor any of its respective affiliates makes any

representation as to the accuracy or completeness of this announcement and

none of them accepts any responsibility for the contents of this announcement

or any matters referred to herein.

This announcement is for information purposes only and is not to be relied

upon in substitution for the exercise of independent judgment. It is not

intended as investment advice and under no circumstances is it to be used or

considered as an offer to sell, or a solicitation of an offer to buy any

securities or a recommendation to buy or sell any securities in the Company.

Neither the Manager nor any of its respective affiliates accepts any liability

arising from the use of this announcement.

This information has been submitted pursuant to the Securities Trading Act §

5-12 and MAR Article 17. The information was submitted for publication,

through the agency of the contact persons set out above, at 2025-11-27 16:31

CET.