Polight ASA

Share Issue/Capital Change • Mar 20, 2023

Key information relating to the preferential rights issue to be carried out by poLight ASA

Key information relating to the preferential rights issue to be carried out by poLight ASA

Reference is made to the stock exchange announcement published poLight ASA (the

"Company" or "poLight") on 20 March 2023 regarding the contemplated partly

underwritten rights issue in the Company, to raise gross proceeds of up to NOK

135 million (the "Rights Issue"). Key information relating to the Rights Issue

is set out below.

Date on which the terms and conditions of the Rights Issue were announced: 20

March 2023

Last day including right: 11 April 2023

Ex-date: 12 April 2023

Record Date: 13 April 2023

Date of approval: 11 April 2023

Maximum number of new shares: Will be determined and announced after market

close on 11 April 2023, see "other information" below

Subscription price: Will be determined and announced after market close on 11

April 2023, see "other information" below

Ratio preferential rights: To be announced when final number of new shares is

determined

Subscription ratio: To be announced when final number of new shares is

determined

Manager: Pareto Securities AS

Will the rights be listed: Yes

ISIN for the preferential rights: To be announced when clarified

Other information: The Rights Issue is partly underwritten, with an underwriting

amount of NOK 100 million. In accordance with the underwriting agreement, the

subscription price in the Rights Issue is proposed by the board to be the

theoretical ex rights price (TERP) based on the volume-weighted average price

(VWAP) of the Company's shares on Oslo Børs on the date of the extraordinary

general meeting (the "EGM"), less a discount of at least 30%. The final discount

and the subscription price for the new shares to be issued in the Rights Issue,

and, thus, the number of new shares and the amount of the share capital increase

in the Rights Issue, will be announced through a stock exchange announcement as

soon as possible after market close on 11 April 2023 and be reflected in the

final proposed resolution to the EGM. Please refer the notice for the EGM for

further information, published by the Company today on 20 March 2023.

Further information from:

Dr. 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 employees in Finland, France, UK,

US, China, Taiwan and Philippines. For more information, please visit

https://www.polight.com

This information is published in accordance with the requirements of the

Continuing Obligations.