poLight ASA: Share capital increase registered

21 May 2024 14:05 CEST

Reference is made to previous stock exchange announcements from poLight ASA
("poLight" or the "Company") regarding the partially underwritten rights issue
of minimum 56,313,623 new shares and maximum 69,305,075 new shares (the "Offer
Shares") in the Company, to raise gross proceeds of up to NOK 160 million (the
"Rights Issue"), of which an underwriting consortium had agreed to underwriter
subscription of Offer Shares for gross proceeds of NOK 130 million. Reference is
further made to the stock exchange notice published on 14 May 2024 regarding a
resolution to increase the share capital for settlement of underwriting
commission to certain of the underwriters through the issuance of 2,928,299 new
shares (the "Fee Shares") to the underwriters of the Rights Issue.

The share capital increases relating to the issuance of the Offer Shares and the
Fee Shares have now been registered with the Norwegian Register of Business
Enterprises. The share capital has been increased with NOK 2,536,402.28 through
the issuance of 63,410,057 new shares.

The new share capital is NOK 5,184,864.20 divided by 129,621,605 shares, each
with a par value of NOK 0.04.

The Offer Shares and Fee Shares are expected to be delivered to investors on or
about 22 May 2024. The Offer Shares and Fee Shares will be tradeable upon
delivery.

Further information from:

Dr. Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98

About poLight ASA

poLight ASA (OSE: PLT) offers patented, state-of-the-art tunable optics
technology, leveraging its proprietary polymer and piezo MEMS technology.
Founded in 2005, its first product TLens® replicates "the human eye" experience
in autofocus cameras used in applications such as AR/MR devices, smartphones,
wearables, webcams and other consumer devices, industrial barcode scanners and
machine vision systems, and healthcare applications. With over 160 granted
patents, poLight's technology delivers extremely fast focus, small
footprint, ultra-low power consumption, no magnetic interference, and constant
field of view, enabling better imaging system performance and new user
experiences compared to alternative technologies.  poLight is based in Horten,
Norway, with employees in Finland, France, UK, US, China, Taiwan, and the
Philippines. For more information, please visit https://www.polight.com.

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