ArcticZymes Technologies - Remuneration Information 2023

Long-Term Incentive Plan - grant of share options to primary insider

Tromsø, Norway, 03[rd] November 2023 - The Board of Directors in ArcticZymes

Technologies ASA (the "Company") has decided to grant 200,000 share options to

the CEO under the Company's long-term incentive plan, which was approved by the

Annual General Meeting on 20 May 2021.

The strike price of the options are NOK 26.94 per share, which is equal to the

average closing price for the Company's shares on the Oslo Stock Exchange in the

30 days' period prior to the grant date. The options will have 12 months waiting

period, 36 months vesting period and 12 months exercise period. The options are

granted in accordance with the Company's guidelines for remuneration to senior

management approved by the Annual General Meeting on 20 May 2021.

The following primary insider was granted options:

Michael Benjamin Akoh, CEO, was granted 200,000 options, following which he

holds in total 200,000 options and 0 shares.

For more information, please contact:

Børge Sørvoll

CFO

+47 95290187

AI assistant