Zelluna ASA

Share Issue/Capital Change • Nov 4, 2025

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tuv Capital AS
2	Reason for the notification
a)	Position/status	A company closely associated with Anders Tuv, chair of the Board of Directors and primary insider of Zelluna ASA
b)	Initial Notification / Amendment	Initial Notification
3	Details of the issuer
a)	Name	Zelluna ASA
b)	LEI	254900B4VALJZR9TL744
4		Details of the transaction:
a)	Description of the financial instrument, type of instrument Identification code	Shares in Zelluna ASA, with ISIN NO0013524942
b)	Nature of the transaction	Allocation of shares in private placement subject to final resolution by the company's general meeting.
c)	Price(s) and
	volume(s)	Price	Volume(s)
		NOK 10	20,000
d)	Aggregated
	information	Price	Volume(s)
	— Aggregated volume — Price	NOK 200,000	20,000
e)	Date of the transaction	2025-11-03
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Birk Venture AS
2	Reason for the notification
a)	Position/status	A company closely associated with Hans Ivar Robinson, member of the Board of Directors and primary insider of Zelluna ASA
b)	Initial Notification / Amendment	Initial Notification
3	Details of the issuer
a)	Name	Zelluna ASA
b)	LEI	254900B4VALJZR9TL744
4	Details of the transaction:
a)	Description of the financial instrument, type of instrument Identification code	Shares in Zelluna ASA, with ISIN NO0013524942
b)	Nature of the transaction	Allocation of shares in private placement subject to final resolution by the company's general meeting.
c)	Price(s) and
	volume(s)	Price	Volume(s)
		NOK 10	15,000
d)	Aggregated
	information	Price	Volume(s)
	— Aggregated volume — Price	NOK 150,000	15,000
e)	Date of the transaction	2025-11-03
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Othrik AS
2	Reason for the notification
a)	Position/status	A company closely associated with Charlotte Sofie Bergsagel Berg Svendsen, member of the Board of Directors and primary insider of Zelluna ASA
b)	Initial Notification / Amendment	Initial Notification
3	Details of the issuer
a)	Name	Zelluna ASA
b)	LEI	254900B4VALJZR9TL744
4	Details of the transaction:
a)	Description of the financial instrument, type of instrument Identification code	Shares in Zelluna ASA, with ISIN NO0013524942
b)	Nature of the transaction	Allocation of shares in private placement company's general meeting.	subject to final resolution by the
c)	Price(s) and
	volume(s)	Price	Volume(s)
		NOK 10	12,500
d)	Aggregated
	information — Aggregated	Price NOK 125,000	Volume(s) 12,500
	volume — Price
e)	Date of the transaction	2025-11-03
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Eva-Lotta Allan
2	Reason for the notification
a)	Position/status	Member of the Board of Directors and primary insider of Zelluna ASA
b)	Initial Notification / Amendment	Initial Notification
3	Details of the issuer
a)	Name	Zelluna ASA
b)	LEI	254900B4VALJZR9TL744
4	Details of the transaction:
a)	Description of the financial instrument, type of instrument Identification code	Shares in Zelluna ASA, with ISIN NO0013524942
b)	Nature of the transaction	Allocation of shares in private placement company's general meeting.	subject to final resolution by the
c)	Price(s) and
	volume(s)	Price	Volume(s)
		NOK 10	16,250
d)	Aggregated
	information — Aggregated volume — Price	Price	Volume(s)
		NOK 162,500	16,250
e)	Date of the transaction	2025-11-03
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Bent Karsten Jakobsen
2	Reason for the notification
a)	Position/status		Member of the Board of Directors and primary insider of Zelluna ASA
b)	Initial Notification / Amendment	Initial Notification
3	Details of the issuer
a)	Name	Zelluna ASA
b)	LEI	254900B4VALJZR9TL744
4	Details of the transaction:
a)	Description of the financial instrument, type of instrument Identification code	Shares in Zelluna ASA, with ISIN NO0013524942
b)	Nature of the transaction	Allocation of shares in private placement subject to final resolution by the company's general meeting.
c)	Price(s) and
	volume(s)	Price	Volume(s)
		NOK 10	60,000
d)	Aggregated
	information	Price	Volume(s)
	— Aggregated volume — Price	NOK 600,000	60,000
e)	Date of the transaction	2025-11-03
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Namir Hassan
2	Reason for the notification
a)	Position/status	Chief Executive Officer and primary insider of Zelluna ASA
b)	Initial Notification / Amendment	Initial Notification
3	Details of the issuer
a)	Name	Zelluna ASA
b)	LEI	254900B4VALJZR9TL744
4	Details of the transaction:
a)	Description of the financial instrument, type of instrument Identification code	Shares in Zelluna ASA, with ISIN NO0013524942
b)	Nature of the transaction	Allocation of shares in private placement subject to final resolution by the company's general meeting.
c)	Price(s) and
	volume(s)	Price	Volume(s)
		NOK 10	51,000
d)	Aggregated
	information — Aggregated volume — Price	Price	Volume(s)
		NOK 510,000	51,000
e)	Date of the transaction	2025-11-03
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Anders Holm
2	Reason for the notification
a)	Position/status	COO & Head of Business Development and primary insider of Zelluna ASA
b)	Initial Notification / Amendment	Initial Notification
3	Details of the issuer
a)	Name	Zelluna ASA
b)	LEI	254900B4VALJZR9TL744
4	Details of the transaction:
a)	Description of the financial instrument, type of instrument Identification code	Shares in Zelluna ASA, with ISIN NO0013524942
b)	Nature of the transaction	Allocation of shares in private placement company's general meeting.	subject to final resolution by the
c)	Price(s) and
	volume(s)	Price	Volume(s)
		NOK 10	18,000
d)	Aggregated
	information	Price	Volume(s)
	— Aggregated volume — Price	NOK 180,000	18,000
e)	Date of the transaction	2025-11-03
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Julia Ino
2	Reason for the notification
a)	Position/status	Head of Project Management	and primary insider of Zelluna ASA
b)	Initial Notification / Amendment	Initial Notification
3	Details of the issuer
a)	Name	Zelluna ASA
b)	LEI	254900B4VALJZR9TL744
4	Details of the transaction:
a)	Description of the financial instrument, type of instrument Identification code	Shares in Zelluna ASA, with ISIN NO0013524942
b)	Nature of the transaction	Allocation of shares in private placement subject to final resolution by the company's general meeting.
c)	Price(s) and
	volume(s)	Price	Volume(s)
		NOK 10	12,800
d)	Aggregated
	information	Price	Volume(s)
	— Aggregated volume — Price	NOK 128,000	12,800
e)	Date of the transaction	2025-11-03
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Emelie Gauthy
2	Reason for the notification
a)	Position/status	Head of Chemistry, Manufacturing, and Controls and primary insider of Zelluna ASA
b)	Initial Notification / Amendment	Initial Notification
3	Details of the issuer
a)	Name	Zelluna ASA
b)	LEI	254900B4VALJZR9TL744
4	Details of the transaction:
a)	Description of the financial instrument, type of instrument Identification code	Shares in Zelluna ASA, with ISIN NO0013524942
b)	Nature of the transaction	Allocation of shares in private placement company's general meeting.	subject to final resolution by the
c)	Price(s) and
	volume(s)	Price	Volume(s)
		NOK 10	21,200
d)	Aggregated
	information	Price	Volume(s)
	— Aggregated volume — Price	NOK 212,000	21,200
e)	Date of the transaction	2025-11-03
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Radforsk Investeringsstiftelse
2	Reason for the notification
a)	Position/status	A foundation closely associated with Anders Tuv, chair of the Board of Directors and primary insider of Zelluna ASA
b)	Initial Notification / Amendment	Initial Notification
3	Details of the issuer
a)	Name	Zelluna ASA
b)	LEI	254900B4VALJZR9TL744
4		Details of the transaction:
a)	Description of the financial instrument, type of instrument Identification code	Shares in Zelluna ASA, with ISIN NO0013524942
b)	Nature of the transaction	and retail offering.	Share lending in order to facilitate delivery of shares in private placement
c)	Price(s) and
	volume(s)	Price	Volume(s)
		NOK 0.00	742,289
d)	Aggregated
	information — Aggregated volume — Price	Price	Volume(s)
		NOK 0.00	742,289
e)	Date of the transaction	2025-11-03
f)	Place of the transaction	Outside a trading venue