Tekna Holding ASA

Share Issue/Capital Change • Apr 28, 2021

TEKNA HOLDING AS: End of stabilisation period and partial exercise of greenshoe option

TEKNA HOLDING AS: End of stabilisation period and partial exercise of greenshoe option

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Oslo, 28 April 2021: Reference is made to the stock exchange release by Tekna Holding AS (the "Company" or "Tekna") on 30 March 2021, regarding potential stabilisation activities in connection with a private placement in the Company (the "Offering") and the admission to trading of the Company's shares on Euronext Growth Oslo.

Arctic Securities AS (the "Stabilisation Manager"), acting as stabilisation manager in connection with the Offering on behalf of the Managers (as defined below), hereby gives notice that the stabilisation period has ended. Stabilisation activities have been undertaken on Euronext Growth Oslo from and including 30 March 2021 to and including 28 April 2021. A total of 2,550,431 shares in the Company have been purchased as part of the stabilisation activities. The shares were purchased at a volume weighted average price of NOK 26.6542 per share and within the daily price ranges set out in the attached stabilisation notice.

In order to permit redelivery of 3,703,703 shares in the Company which were borrowed from the Company's largest shareholder, Arendals Fossekompani ASA (the "Share Lender"), the Stabilisation Manager, on behalf of the Managers, has on 28 April 2021 informed the Company that it will exercise the greenshoe option partly to subscribe and purchase shares in the Company from Tekna. 1,153,272 new shares in the Company will be subscribed and purchased from the Company under the greenshoe option at the offer price of NOK 27 per share.

The shares subscribed and purchased under the greenshoe option will together with the shares purchased through stabilisation activities be redelivered to the Share Lender in accordance with the terms of the share lending and greenshoe option agreement entered into between the Company, the Share Lender and the Managers in connection with the Offering.

Arctic Securities AS and Carnegie AS acted as Joint Global Coordinators and Joint Bookrunners for the Offering (the "Managers").

For further information, please contact:

Arctic Securities AS

Joakim Hald Andersen

Tel: +47 21 01 31 92

This information is subject of the disclosure requirements pursuant to Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 sections 6 (3) and 8.

Important Notice

These materials do not constitute or form a part of any offer of securities for sale or a solicitation of an offer to purchase securities of Tekna Holding AS in the United States or any other jurisdiction.

The publication, distribution or release of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy, any securities or a recommendation to buy or sell any securities of the Company. Neither the Company, Arctic Securities AS or Carnegie AS nor any of their respective affiliates accepts any liability arising from the use of this announcement.