Arctic Bioscience - Remuneration Information 2023

Arctic Bioscience - Extension of share options to members of management group

The Board of Directors of Arctic Bioscience AS has resolved to extend the share

option agreements for the following members of the management group: Daniele

Mancinelli (CTO), Hogne Hallaråker (CSO) and Per Christian Sæbø (COO), all

constituting of the "founding" management team.

The exercise price in these agreements is maintained at NOK 9,845 per share, and

the duration of the option agreements is extended by 12 months, to 1. March

All options being exercised into shares during the duration period will be

subject to a "lock-in" period of 6 months from the time of exercise, where the

shares cannot be sold or transferred without the consent of the Board.

After this, Daniele Mancinelli holds 51 570 share options, Hogne Hallaråker

holds 33 030 share options, and Per Christian Sæbø holds 57 390 share options.

Notifications of transactions by persons discharging managerial responsibilities

are attached hereto.

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:

Christer L. Valderhaug

CEO

Phone: +47 920 84 601

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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