Arctic Bioscience - Director's Dealing 2023

Arctic Bioscience - Mandatory notification of trade

Ronja Capital II AS, a legal person closely associated with a person discharging

managerial responsibility in Arctic Bioscience, has today bought 40.000 shares

in Arctic Bioscience at an average price of NOK 10,90 per share. Following the

transaction, Ronja Capital II AS holds 2.144.166 shares in Arctic Bioscience.

Member of the Board of Directors, Tore A. Tønseth, is Investment Director at

Ronja Capital II AS.

Please refer to the attached notification of trading for further details.

This information is subject to the disclosure requirements pursuant to

Regulation EU 596/2014 (MAR) article 19 number 3 and the Norwegian Securities

Trading Act § 5-12.

For more information, please contact:

Jone R. Slinning

CFO

Phone: +47 948 75 469

About Arctic Bioscience

Arctic Bioscience is a biotech company developing and commercializing

pharmaceutical and nutraceutical products based on unique bioactive marine

compounds.

The company is developing HRO350 - a novel investigational drug candidate.

HRO350 is being developed for treatment of patients with mild-to-moderate

psoriasis. This is a large patient group in need of new effective medicines with

beneficial safety profile.

Nutraceuticals from Arctic Bioscience are sold globally as bulk ingredients as

well as finished goods under the ROMEGA® brand.

Arctic Bioscience is led by a team of highly competent people with experience in

developing marine oils and experience from global pharmaceutical companies.

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