SoftOx Solutions AS — Capital/Financing Update 2024

Jul 23, 2024

SoftOx Solution AS: UPDATED KEY INFORMATION RELATING TO THE PREFERENTIAL RIGHTS ISSUE TO BE CARRIED OUT BY SOFTOX SOLUTIONS AS

SoftOx Solution AS: UPDATED KEY INFORMATION RELATING TO THE PREFERENTIAL RIGHTS ISSUE TO BE CARRIED OUT BY SOFTOX SOLUTIONS AS

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES (OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL). THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange announcement published by Softox Solutions AS (the "Company") on 17th July 2024 with key information relating to the preferential rights issue in the Company (the "Rights Issue"). Please see updated key information relating to the Rights Issue included below.

Date on which the terms and conditions of the preferential rights issue were announced: On or about 17th of July 2024

Last day including right: 31st of July 2024

Ex-date: 1st of August 2024

Record Date: 2nd of August 2024

Date of approval: 31st of July 2024

Number of new shares: Minimum 1.125.007.508 and maximum 1.237.508.259 new shares

Subscription price: NOK 0,02

Ratio preferential rights: Each existing shareholder as of 31st of July 2024 (and being registered as such in Euronext Securities Oslo, the Norwegian Central Securities Depository, (the VPS) as at the expiry of 2nd August 2024 (the record date)) will be granted 2,177 subscription rights for each share registered as held by the shareholder. The number of subscription rights granted to each existing shareholder will be rounded down to the nearest whole subscription right.

Subscription ratio: 1:1 (number of new shares per subscription right)

Will the rights be listed - yes/no: Yes

Manager: Sparebank 1 Markets

This information is published in accordance with the requirements of the Continuing Obligations.

Reference is made to the notice of the extraordinary general meeting in Softox Solutions AS announced through a stock exchange notification on 17th of July 2024 for further information regarding the rights issue.

Freely tradable subscription rights will be applied for listing on the Euronext Growth and will be tradable from the commencement of the subscription period and until on or about 19th of August 2024, four days prior to the expiry of the subscription period.