Agilyx — Share Issue/Capital Change 2021

Aug 31, 2021

Agilyx AS (AGLX) – Share issue as a result of options being exercised

Agilyx AS (AGLX) – Share issue as a result of options being exercised

OSLO, Norway - August 31, 2021 - Reference is made to the authorization granted to the board of directors Agilyx AS (“Agilyx” or the “Company”) by the Company’s annual general meeting held on April 23, 2020 to increase the share capital in connection with the Company's stock option program. As a result of exercise of 653,972 options issued thereunder which each gives right to receive one ordinary share in the Company, the Company’s board of directors has resolved to increase the Company's share capital with NOK 6,539.72, by the issuance of 653,972 new shares, each with a par value of NOK 0.01. The stock option program and options issued are described in note 9 and 10 in the Company’s annual financial statements for 2020.

287,500 options are exercised by the following primary insiders of the Company:

* Christopher Faulkner, Chief Technology Officer, has exercised 190,000 options to subsequently hold shares in the Company, each at a strike price of NOK 0.5743.

* Francis McAndrew, Corporate Controller, has exercised 87,500 options, each at a strike price of NOK 9.36.

* Andrew Tomarchio, Financial Analyst, has exercised 10,000 options, each at a strike price of NOK 9.36.

Primary insider notification pursuant to the market abuse regulation article 19 is attached.

As a result of the option exercise to hold shares, Christopher Faulkner will have an ownership interest of 190,000 shares in the Company.

Francis McAndrew and Andrew Tomarchio have exercised options on a cashless basis pursuant to the terms of the Company’s stock option program. As a result, such primary insiders have transferred their rights to receive shares resulting from the exercise of options to a third party and will receive the net proceeds from the sale of such shares. The sales amount will be finally determined on the basis of the price subsequently obtained by the third party in the market. The results of the sales process will be announced in a separate stock exchange notice when known.

For further information, please contact:

Kate Ringier, Vice President, Communications & Government Affairs

Phone: +41 78 822 7770

Email: kate.ringier@agilyx.com

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This information is subject of the disclosure requirements pursuant to Euronext Growth Oslo Rule Book - Part II section 3.10.