Lifecare ASA

Share Issue/Capital Change • Jun 14, 2024

LIFE: SATISFIED WITH THE FINAL RESULTS OF THE RIGHTS ISSUE

Bergen, Norway, 14 June, 2024: Today, Lifecare ASA (LIFE), a clinical stage medical sensor company developing the next generation Continuous Glucose Monitor (CGM), announces that all valid subscriptions from investors with subscription rights have been allocated in accordance with the allocation criteria set out in the prospectus for the Rights Issue.

Reference is made to the previous stock exchange announcements published by Lifecare ASA (" Lifecare" or the "Company") regarding Final results of the Rights Issue today 14 June.

• We are grateful for the trust shown by both existing and new shareholders in the completion of the Rights Issue. We have observed a high level of demand during the subscription period, resulting in an over-subscription of 40%. All investors with subscriptions rights have been allocated their subscription and over-subscription has been allocated according to the allocation criteria set out in the prospectus, says CEO Joacim Holter at Lifecare.

• We are satisfied with the final result, as it provides the company with a strengthened financial foundation. The Rights Issue has also been a crucial step towards the uplisting on the Oslo Stock Exchange's main list, ensuring compliance with the financial requirements for the uplisting. The next step for Lifecare, is the longevity study on dogs, which will be in collaboration with the Norwegian University of Life Sciences (NMBU), says Holter.

About us

Lifecare ASA is a clinical stage medical sensor company developing technology for sensing and monitoring of various body analytes. Lifecare's main focus is to bring the next generation of Continuous Glucose Monitoring ("CGM") systems to market. Lifecare enables osmotic pressure as sensing principle, combined with the ability to manipulate Nano-granular Tunnelling Resistive sensors ("NTR") on the sensor body for read-out of pressure variations. Lifecare's sensor technology is referred to as "Sencell" and is suitable for identifying and monitoring the occurrence of a wide range of analytes and molecules in the human body and in pets.

Contacts

For further information, please contact:

Joacim Holter, CEO, joacim.holter@lifecare.no, +47 40 05 90 40

Renete Kaarvik, CFO, renete.kaarvik@lifecare.no, +47 94 83 82 42