Long-Term Incentive Plan - grant of share options to primary insiders

24 Feb 2023 12:48 CET

Tromsø, Norway, 24[th] February 2023 - The Board of Directors in ArcticZymes
Technologies ASA (the "Company") has decided to grant 250,000 share options to 3
members of the Company's senior management under the Company's long-term
incentive plan, which was approved by the Annual General Meeting on 20 May 2021.

The strike price of the options are NOK 42.38, which is equal to the average
closing price for the Company's shares on the Oslo Stock Exchange in the 30
days' period prior to the grant date. The options will have a 12 months waiting
period, a 36 months vesting period and 12 months exercise period. The options
are granted in accordance with the Company's guidelines for remuneration to
senior management approved by the Annual General Meeting on 20 May 2021.

The following primary insiders were granted options:
Jethro Holter, CEO, was granted 100,000 options, following which he holds in
total 270,000 options and 80,564 shares.
Børge Sørvoll, CFO, was granted 50,000 options, following which he holds in
total 380,000 options and 25,428 shares.
Darren Ellis, CSO, was granted 100,000 options, following which he holds in
total 100,000 options and 0 shares.

For more information, please contact:

Børge Sørvoll
CFO
+47 95290187
ir@arcticzymes.com

More information:
Access the news on Oslo Bors NewsWeb site

583498_Notification_trading_Borge_Sorvoll.pdf
583498_Notification_trading_Jethro_Holter.pdf
583498_Notification_trading_Darren_Ellis.pdf
583498_Award_of_options_February_2023.pdf