Polight ASA

Prospectus • Apr 15, 2025

poLight ASA: Key information related to the Subsequent Offering

poLight ASA: Key information related to the Subsequent Offering

NOT FOR DISTRIBUTION, PUBLICATION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR

INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE

UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION, PUBLICATION

OR RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF

ANY OF THE SECURITIES DESCRIBED HEREIN.

TØNSBERG, Norway - 15 April 2025 -- Reference is made to the stock exchange

announcement by poLight ASA (https://www.polight.com/home/default.aspx)

("poLight" or the "Company", OSE: PLT) earlier today, regarding the strategic

investment agreement entered into with Q Technology (Group) Company Limited ("Q

Tech"), regulating, inter alia, the directed share issue of 63,743,112 towards Q

Tech (the "Private Placement"), and the potential subsequent offering of

19,122,933 new shares (the "Subsequent Offering") directed at shareholders in

the Company as of 15 April 2025 (as registered in the VPS on 22 April 2025) who

(i) were not allocated shares in the Private Placement and (ii) are not

domiciled in a jurisdiction where such offering would be unlawful, or, would, in

jurisdictions other than Norway, require any prospectus, filing, registration or

similar action (the "Eligible Shareholders").

Completion of the Subsequent Offering will be subject to (i) completion of the

Private Placement, (ii) the general meeting resolving to grant the board of

directors an authorisation to increase the Company's share capital in connection

with the Subsequent Offering, and (iii) the publication of a prospectus by the

Company approved by the Financial Supervisory Authority of Norway. The

subscription period for any Subsequent Offering, if any, is expected to commence

during June / July 2025. The Subsequent Offering is subject to the prevailing

market price of the Company's shares following the Private Placement.

Date on which the terms and conditions of the Subsequent offering were

announced: 15 April 2025

Last day including right: 15 April 2025

Ex-date: 16 April 2025

Record date: 22 April 2025

Date of approval: On or about 21 May 2025 (date of the general meeting to be

held in the Company)

Maximum number of new shares: 19,122,933

Subscription price: NOK 2.69

For further information, please contact:

Dr Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98

Joakim Hines Bredahl, CFO, poLight ASA: +47 97 52 17 31

This information is published in accordance with the requirements of the

Continuing Obligations of Euronext Rule Book II.