Polight ASA

Share Issue/Capital Change • Jun 4, 2025

poLight ASA: New share capital registered following private placement

poLight ASA: New share capital registered following private placement

Tønsberg, 4 June 2025: Reference is made to the stock exchange announcement by

poLight ASA (the "Company") published on 15 April 2025 regarding the strategic

investment agreement entered into with Q Technology (Group) Company Limited ("Q

Tech"), pursuant to which the Company was set to issue 63,743,112 new shares

(the "Private Placement Shares") to Q Tech at a subscription price of NOK 2.69

per share (the "Private Placement"), and the stock exchange announcement on 21

May 2025 regarding the Company's annual general meeting resolving to, inter

alia, approve the share capital increase pertaining to the Private Placement.

The share capital increase pertaining to the Private Placement has been

registered today with the Norwegian Register of Business Enterprises.

Accordingly, the Company's new share capital is NOK 7,734,588.68 divided into

193,364,717 shares, each with a nominal value of NOK 0.04.

The Private Placement Shares will be issued under a temporary ISIN and will not

be tradable on the Oslo Stock Exchange until the Company has published a listing

prospectus for such shares approved by the Financial Supervisory Authority of

Norway (Finanstilsynet), which is expected to occur during June 2025.

This information is subject to disclosure under section 5-12 of the Norwegian

Securities Trading Act.

For further information, please contact:

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

Joakim Hines Bredahl, CFO, poLight ASA: +47 97 52 17 31

About poLight ASA

poLight ASA (listed on the Oslo Stock Exchange: 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 Tønsberg, Norway, with employees in Finland, France,

UK, US, China, Taiwan, Japan, and the Philippines. For more information, please

visit https://www.polight.com