Aqua Bio Technology — Director's Dealing 2023

Aug 3, 2023

Aqua Bio Technology ASA: Notifiable transactions in connection with Private Placement

Aqua Bio Technology ASA: Notifiable transactions in connection with Private Placement

3.8.2023 23:41:59 CEST | Aqua Bio Technology ASA | Mandatory notification of

trade primary insiders

Reference is made to the stock exchange announcements made by Aqua Bio

Technology ASA ("ABT" or the "Company") on 23 July 2023 regarding the Company

entering into an agreement in principle with the shareholders of Skinteam Norge

AS (the "Sellers") ("Skinteam") and the stock exchange announcements on 23 and

24 July 2023 regarding the Private Placement and the contemplated Subsequent

Offering as described therein. Reference is furthermore made to the stock

exchange notice earlier today, 3 August 2023, regarding entry into of a final

agreement for the Company's acquisition of Skinteam, which also included

information on the Company having secured voting undertakings from shareholders

representing more than 2/3 of the shares in the Company to where they have

undertaken to vote in favour of all resolutions necessary to implement the

Private Placement and the contemplated Subsequent Offering in the upcoming

extraordinary general meeting (the "EGM") that will be held on 24 August 2023.

As a consequence of the voting undertakings, the conditions for completion of

the Private Placement will be satisfied and it is therefore considered to

correct to disclose the transactions for primary insiders and their close

associates at this time. The share capital increase relating to the Private

Placement will be approved by an extraordinary general meeting of the Company,

to be held on 24 August 2023.

Among the subscribers in the Private Placement were the following primary

insiders and close associates of primary insiders in ABT:

* RH Investments AS, a company controlled by Board member Roger Hofseth, has

been allocated 4,133,333 new shares in the Private Placement, each at the

subscription price of NOK 3.00, for a total subscription amount of NOK

12,399,999;

* World Heritage Salmon AS, a company controlled by Board member Roger Hofseth,

has been allocated 366,666 new shares in the Private Placement, each at the

subscription price of NOK 3.00, for a total subscription amount of NOK

1,099,998;

* Roger Hofseth, Board member, has been allocated 45,833 new shares in the

Private Placement, each at the subscription price of NOK 3.00, for a total

subscription amount of NOK 137,500;

* Manville AB, a company controlled by Board member Jan Pettersson, has been

allocated 666,666 new shares in the Private Placement, each at the

subscription price of NOK 3.00, for a total subscription amount of NOK

1,999,998;

* Initia AB and Swelandia AB, companies controlled by Board member Jan

Pettersson, has been allocated 1,852,691 new shares in the Private Placement,

each at the subscription price of NOK 3.00, for a total subscription amount

of NOK 5,558,073;

* Ice Capital AS, a company controlled by CEO Håvard Lindstrøm, has been

allocated 183,333 new shares in the Private Placement, each at the

subscription price of NOK 3.00, for a total subscription amount of NOK

549,999;

* Dirigent AS, a company controlled by Per Egil Borge (Chairman of the Board of

Skinteam Norge AS) has been allocated 3,058,211 new shares in the Private

Placement, each at the subscription price of NOK 3.00, for a total

subscription amount of NOK 9,174,633;

* Face2Face Holding AS, a company controlled by Gun Anita Lyseng (COO of

Skinteam Norge AS) has been allocated 716,842 new shares in the Private

Placement, each at the subscription price of NOK 3.00, for a total

subscription amount of NOK 2,150,526; and

* Bjørn Sigurd Johansen, Director on the Board of Skinteam Norge AS, has been

allocated 1,003,528 new shares in the Private Placement, each at the

subscription price of NOK 3.00, for a total subscription amount of NOK

3,010,584.

Please also see the attached notification forms for further information.

For further information, please contact Håvard Lindstrøm, CEO, telephone +47 941

32 288.

Aqua Bio Technology (ABT) is developing and commercializing sustainable

biotechnology for use in skin care products. ABT's cosmetics ingredients are

highly effective and they provide the cosmetics industry with natural

alternatives to traditional ingredients. ABT is also marketing and distributing

natural skin care products developed by partners towards consumers and

professional users. ABT's focus on commercialization and development of natural

ingredients and natural skin care products has been, and will continue to be, an

important part of the Company's strategy going forward. Aqua Bio Technology is

listed on the Euronext Expand market of the Oslo Stock Exchange.

DISCLOSURE REGULATION

This information is subject of the disclosure requirements pursuant to section

of 5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Håvard Lindstrøm, 004794132288, hl@aquabiotech.no

ABOUT AQUA BIO TECHNOLOGY ASA

Aqua Bio Technology (ABT) is developing and commercializing sustainable

biotechnology for use in skin care products. ABT's cosmetics ingredients are

highly effective and they provide the cosmetics industry with natural

alternatives to traditional ingredients. ABT is also marketing and distributing

natural skin care products developed by partners towards consumers and

professional users. Aqua Bio Technology is listed on Euronext Expand.

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847556/2528/3513/Download%20announcement

%20as%20PDF.pdf

Notification form Ice Capital.pdf -

https://kommunikasjon.ntb.no/ir-files/17847556/2528/3504/Notification%20form%20%

20Ice%20Capital.pdf

Notification form Manville.pdf -

https://kommunikasjon.ntb.no/ir-files/17847556/2528/3505/Notification%20form%20%

20Manville.pdf

Notification form Roger Hofseth.pdf -

https://kommunikasjon.ntb.no/ir-files/17847556/2528/3506/Notification%20form%20%

20Roger%20Hofseth.pdf

Notification form Dirigent AS.pdf -

https://kommunikasjon.ntb.no/ir-files/17847556/2528/3507/Notification%20form%20%

20Dirigent%20AS.pdf

Notification form Initia Swelandia.pdf -

https://kommunikasjon.ntb.no/ir-files/17847556/2528/3508/Notification%20form%20%

20Initia%20Swelandia.pdf

Notification form RH Investments AS.pdf -

https://kommunikasjon.ntb.no/ir-files/17847556/2528/3509/Notification%20form%20%

20RH%20Investments%20AS.pdf

Notification form World Heritage Salmon.pdf -

https://kommunikasjon.ntb.no/ir-files/17847556/2528/3510/Notification%20form%20%

20World%20Heritage%20Salmon.pdf

Notification form Face2Face Holding.pdf -

https://kommunikasjon.ntb.no/ir-files/17847556/2528/3511/Notification%20form%20%

20Face2Face%20Holding.pdf

Notification form Bjorn Sigurd Johansen.pdf -

https://kommunikasjon.ntb.no/ir-files/17847556/2528/3512/Notification%20form%20%

20Bjorn%20Sigurd%20Johansen.pdf