Polight ASA — Share Issue/Capital Change 2021

Oct 21, 2021

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 170,455 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 110. Reference is

furthermore made to the resolution by the general meeting of the Company on 26

May 2021 regarding an authorization to the board of directors of the Company to

resolve certain share capital increases as registered in the Register of

Business Enterprises on 19 July 2021 and  the subsequent resolution by the board

of directors of the Company on 4 October 2021 regarding the share capital

increase pertaining to the Subsequent Offering.

The subscription period for the Subsequent Offering expired at 16:30 CEST on 20

October 2021.

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

for a total of 116,396 Offer Shares. The Subsequent Offering consequently raised

gross proceeds to the Company of approximately NOK 12.8 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 board of

directors on 4 October 2021 and as described in the prospectus prepared by the

Company dated 4 October 2021 (the "Prospectus").

Notifications of allocated Offer Shares and the corresponding subscription

amount to be paid by each subscriber are expected to be distributed on 21

October 2021. Payment for the allocated shares falls due on 27 October 2021 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 29 October 2021 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 29

October 2021.

Pareto Securities AS act as manager 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 and China and

representation in France, UK, US, Taiwan, Korea and Japan. For more information,

please visit https://www.polight.com