Polight ASA — Remuneration Information 2020

Aug 31, 2020

poLight ASA - Amendments to share option plan - grant of share options to primary insiders

poLight ASA - Amendments to share option plan - grant of share options to primary insiders

Horten, 31 August 2020

In accordance with the authorisation granted by the Annual General Meeting on 28

May 2020 new share option agreements have been approved by the Board of

Directors and issued today.

The offer is made to provide the Company's employees and consultants with new

long-term incentives in order to contribute to positive development of the

Company.

The main terms of the new share options are as set out below:

· Each share option gives the right to require issuance of one new share in

the Company;

· The options vest (becomes exercisable) in equal parts with 1/36 each month

over 3 years;

· Vested options may be exercised during certain exercise periods to be

determined by the Board of Directors from time to time;

· Any vested options that are not exercised during an exercise period will be

transferred to the subsequent exercise period;

· The options expire 5 years after their grant. Following such date, the

options are void and cancelled;

· If an offeror becomes the owner of at least 9/10 of the issued shares of the

Company, all of the employee's unvested Options shall become immediately vested;

and

· The strike price for each option is NOK 74.90 based on volume weighted

average price (VWAP) the last two weeks prior to grant date.

As of today, the following primary insiders have accepted the offer and holds

share options as further described below:

Øyvind Isaksen, CEO, has been granted 80,000 new share options and holds:

· 162,420 share options with a strike price of NOK 50 per option with a

vesting period of three years from October 2018.

· 31 443 share options with a strike price of NOK 18.90 per option with

vesting period June 2019 - May 2020.

· 31 443 share options with a strike price of NOK 27.00 per option with

vesting period June 2020 - May 2021.

· 31 443 share options with a strike price of NOK 33.75 per option with

vesting period June 2021 - May 2022

· 80,000 share options with a strike price of NOK 74.90 per option with a

vesting period of three years from August 2020.

· The total holding of Øyvind Isaksen is 24,856 shares (held through OiMaCon

AS) and 336,750 share options.

Pierre Craen, CTO, has been granted 21,500 new share options and holds:

· 40,000 share options with a strike price of NOK 50 per option with a vesting

period of three years from October 2018.

· 7 667 share options with a strike price of NOK 27.00 per option with vesting

period June 2020 - May 2021

· 7 667 share options with a strike price of NOK 33.75 per option with vesting

period June 2021 - May 2022 ·

· 21,500 share options with a strike price of NOK 74.90 per option with a

vesting period of three years from August 2020.

· The total holding of Pierre Craen is 1,120 shares and 76,833 share options.

Marianne Sandal, COO, has been granted 21,500 new share options and holds:

· 40,000 share options with a strike price of NOK 50 per option with a vesting

period of three years from October 2018.

· 7 667 share options with a strike price of NOK 18.90 per option with vesting

period June 2019 - May 2020

· 7 667 share options with a strike price of NOK 27.00 per option with vesting

period June 2020 - May 2021

· 7 667 share options with a strike price of NOK 33.75 per option with vesting

period June 2021 - May 2022 ·

· 21,500 share options with a strike price of NOK 74.90 per option with a

vesting period of three years from August 2020.

· The total holding of Marianne Sandal is 2,667 shares and 84,500 share

options.

For additional information, please contact:

Eivind Bergsmyr, Chairman of poLight, +47 920 99 010

Øyvind Isaksen, CEO of poLight, + 47 908 76 398

This information is subject to the disclosure requirements pursuant to sections

4-2 and 5-12 of the Norwegian Securities Trading Act.

About poLight ASA

poLight offers a new autofocus lens which "replicates" the human eye for use

in devices such as smartphones, wearables, barcode, machine vision systems and

various medical equipment. poLight's TLens® enables better system performance

and new user experiences due to benefits such as extremely fast focus, small

footprint, no magnetic interference, low power consumption and constant field of

view. poLight is based in Horten, Norway, with offices in Finland, France and

China and representation in Taiwan and Korea. For more information, please

visit https://www.polight.com