CodeLab Capital AS – Cancellation of the potential subsequent offering

04 Oct 2024 07:30 CEST

Oslo, 4 October 2024

Reference is made to the stock exchange announcement made by CodeLab Capital AS
(the Company) on 26 June 2024 regarding the successful placing of a private
placement in the Company raising gross proceeds of NOK 40 million and a
potential subsequent offering of up to 17,241,379 new shares.

The shares in the Company have since 30 August 2024 traded below the
subscription price in the private
placement with volumes deemed substantial compared to the size of the potential
subsequent offering. Consequently, any shareholders wishing to reduce the
dilutive effect of the Private Placement have had the opportunity to purchase
shares in the Company in the market at prices similar to or below what would
have been the subscription price in the subsequent offering. The board of
directors of CodeLab has therefore
decided not to proceed with the subsequent offering.

For further queries, please contact:

CEO Kristian Ikast: ki@codelabcapital.com
CFO Christoffer Mathiesen: cm@codelabcapital.com
www.codelabcapital.com

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian
Securities Trading Act.

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