Polight ASA

poLight ASA: Share capital increase registered

Reference is made to previous stock exchange announcements from poLight ASA

("poLight" or the "Company") regarding the fully underwritten rights issue of

12,918,660 new shares (the "Offer Shares") in the Company, raising gross

proceeds of NOK 135 million (the "Rights Issue"). Reference is further made to

the stock exchange notice published on 9 May 2023 regarding a resolution to

increase the share capital for settlement of underwriting commission through the

issuance of 1,291,858 new shares (the "Fee Shares") to the underwriters of the

Rights Issue.

The share capital increases relating to the issuance of the Offer Shares and the

Fee Shares have now been registered with the Norwegian Register of Business

Enterprises. The share capital has been increased with NOK 568,420.72 through

the issuance of 14,210,518 new shares.

The new share capital is NOK 2,646,528.72 divided by 66,163,218 shares, each

with a par value of NOK 0.04.

The Offer Shares and Fee Shares are expected to be delivered to investors on or

about 11 May 2023. The Offer Shares and Fee Shares will be tradeable upon

delivery.

Further information from:

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

About poLight ASA

poLight ASA (OSE: PLT) offers a patented, proprietary tunable optics technology,

starting with its first product, TLens® which replicates "the human eye"

experience in autofocus cameras used in devices such as smartphones, wearables,

barcode scanners, 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 employees in Finland, France, UK, US, China, Taiwan, and

the Philippines. For more information, please visit https://www.polight.com

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