Polight ASA — Share Issue/Capital Change 2020

Jun 16, 2020

poLight ASA - results of the Subsequent Offering

poLight ASA - results of the Subsequent Offering

Reference is made to previous announcements by poLight ASA (the "Company")

regarding a subsequent offering of 181,818 new shares in the Company (the

"Subsequent Offering" and the "Offer Shares"), each with a par value of NOK

0.20, and each Offer Share at a subscription price of NOK 55. Reference is

furthermore made to the resolution by the general meeting of the Company on 28

May 2020 regarding the share capital increase pertaining to the Subsequent

Offering.

The subscription period for the Subsequent Offering expired at 16:30 CEST on 16

June 2020.

At the expiry of the subscription period, the Company had received subscriptions

for a total of 260 610 Offer Shares, implying oversubscription of approximately

78 792 Offer Shares. The Subsequent Offering consequently raised gross proceeds

to the Company of approximately NOK 10 million.

The final allocation of the Offer Shares in the Subsequent Offering has now been

completed based on the allocation criteria resolved by the Company's general

meeting on 28 May 2020 and described in the prospectus prepared by the Company

dated 29 May 2020 (the "Prospectus").

Notifications of allocated Offer Shares and the corresponding subscription

amount to be paid by each subscriber are expected to be distributed on 17 June

2020. Payment for the allocated shares falls due on 18 June 2020 in accordance

with the payment procedures described in the Prospectus.

Subject to timely payment of the entire subscription amount in the Subsequent

Offering, the Company expects that the share capital increase pertaining to the

Subsequent Offering will be registered with the Norwegian Register of Business

Enterprises on or about 24 June 2020 and that the Offer Shares will be delivered

to the VPS accounts of the subscribers on or about the same date, and that the

Offer Shares will be tradable on the Oslo Stock Exchange from on or about 25

June 2020.

ABG Sundal Collier ASA and Arctic Securities AS act as managers in the

Subsequent Offering. Advokatfirmaet CLP DA acts as Norwegian legal counsel to

the Company.

For additional information, please contact:

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

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.

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.