ArcticZymes Technologies - Remuneration Information 2024

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

Tromsø, Norway, 08 February 2024 - The Board of Directors in ArcticZymes

Technologies ASA (the "Company") has decided to grant 100,000 share options to

the CFO 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 38.23 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: Børge Sørvoll, CFO, was

granted 100,000 options, following which he holds in total 280,000 options and

95.428 shares.

This information is subject to disclosure requirements set out in the Market

Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act

Section 5-12.

This stock exchange announcement was published by Børge Sørvoll, CFO, on 08

February 2024 at 16.39 CET.

For more information, please contact:

Børge Sørvoll

CFO

+47 95290187

AI assistant