SoftOx Solutions AS — Share Issue/Capital Change 2019

Jan 4, 2019

SoftOx – Notification of trade by Primary insiders

SoftOx – Notification of trade by Primary insiders

Reference is made to the stock exchange release by SoftOx Solutions AS (the “Company” or “SoftOx” with Merkur ticker: “SOFTOX-ME”) on 21 December 2018 regarding successful private placement (the “Private Placement”) of new shares in the Company.

SoftOx is pleased to announce that the Company has successfully completed a NOK 15 million Private Placement with the support from new and existing shareholders. In addition, the general assembly held at the 2nd, of January 2019, accepted additional private placement of NOK 3,162 million ending at a total of NOK 18.162.100. The Private Placement consists of 825 550 new shares, each at a subscription price of NOK 22.

The following primary insiders of the Company have been conditionally allocated shares in the Private Placement:

• Hermod Finans AS, a company fully owned by an affiliate of Geir

Almås, Chief Executive Officer: 91,000 shares. Geir Almås and affiliates controls after the share issue 788,750 shares.

• Dinge Invest AS, a company fully owned by Kristian Almås and family,

Non-executive member of the Board: 286.805 shares. Kristian Almås and affiliates controls after the share issue 1,641,755 shares, after a post issue adjustment of 59.850 sold for NOK 22 per share reported January 4th.

• Loyd AS, a company fully owned by Lars Johan Frigstad, Chairman of the board: 16,000

shares. Lars Johan Frigstad controls after the share issue 135.250 shares.

• Glenn Gundersen, Director Medical Affairs: 7,500 shares. Glenn Gundersen controls after the

share issue 15,000 shares.

Completion of the Private Placement is conditional upon the Offer Shares having been fully paid and legally issued. Following issuance of the Offer Shares, the Company will have an issued share capital of NOK 92 084 divided into 4,604,200 common shares, each with a nominal value of NOK 0,02.

SpareBank 1 Markets AS acted as manager in the Private Placement.

For further information, please contact:

Mr. Geir H. Almås, CEO, tel: +47 977 59 071, e-mail:

geir.almaas@soft-ox.com