Arctic Bioscience - Mandatory notification of trade

13 Feb 2023 15:04 CET

Ronja Capital II AS, a legal person closely associated with a person discharging
managerial responsibility in Arctic Bioscience, has today bought 40.000 shares
in Arctic Bioscience at an average price of NOK 10,90 per share. Following the
transaction, Ronja Capital II AS holds 2.144.166 shares in Arctic Bioscience.

Member of the Board of Directors, Tore A. Tønseth, is Investment Director at
Ronja Capital II AS.

Please refer to the attached notification of trading for further details.

This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 number 3 and the Norwegian Securities
Trading Act § 5-12.

For more information, please contact:

Jone R. Slinning

CFO

Phone: +47 948 75 469

E-mail: jone@arctic-bioscience.com

About Arctic Bioscience

Arctic Bioscience is a biotech company developing and commercializing
pharmaceutical and nutraceutical products based on unique bioactive marine
compounds.

The company is developing HRO350 - a novel investigational drug candidate.
HRO350 is being developed for treatment of patients with mild-to-moderate
psoriasis. This is a large patient group in need of new effective medicines with
beneficial safety profile.

Nutraceuticals from Arctic Bioscience are sold globally as bulk ingredients as
well as finished goods under the ROMEGA® brand.

Arctic Bioscience is led by a team of highly competent people with experience in
developing marine oils and experience from global pharmaceutical companies.

More information:
Access the news on Oslo Bors NewsWeb site

582213_20230213_Appendix_3_Notifying_Transactions_Ronja_Capital_II_AS.pdf