Gentian Diagnostics ASA

Share Issue/Capital Change • Nov 29, 2021

Share Issue in Connection with Employee Share Purchase Program

Share Issue in Connection with Employee Share Purchase Program

Moss, 29 November 2021

Reference is made to the annual general meeting held on 4 May 2021 where a resolution to grant an authorisation for a share issue in connection with an employee share purchase program (ESPP) was resolved.

Gentian Diagnostics ASA is pleased to announce that it has decided to conduct a share issue towards company employees that has applied for shares in the ESPP. Under the terms of the ESPP, all employees have been given the opportunity to apply for shares up to a maximum amount of NOK 30,000. The company has decided to award a 25% discount to the volume weighted average price between 19 November and 26 November 2021, resulting in a subscription price of NOK 54.49 per share. More than 50% of the employees have applied for shares for approximately NOK 570,000. Based on the application for shares by the employees, the board has today resolved to increase the company’s share capital by minimum NOK 0.10 and maximum NOK 1046.10 by issuing minimum 1 and maximum 10,461 new shares at a subscription price of 54.49 per shares. The shares will be subscribed for within 10 December 2021.

For further information, please contact:

Njaal Kind

CFO, Gentian Diagnostics

E-mail: njaal.kind@gentian.no

Cell Phone: +47 919 06 525

This information is subject to the disclosure requirements pursuant Oslo Børs Rule Book II