Correction: Aqua Bio Technology ASA - Primary Insider Notifications

13 Nov 2024 20:13 CET

13.11.2024 20:13:17 CET | Aqua Bio Technology ASA | Mandatory notification of
trade primary insiders

Correction: The number of New Shares subscribed to by one of the primary
insiders in the Company was incorrect. Please see updated version below.

Reference is made to the stock exchange notices from Aqua Bio Technology ASA ("
ABT" or the "Company") published on 18 October 2024 regarding the successful
placement of new shares (the "New Shares") towards the shareholders of
Jetcarrier AS and towards certain new investors and certain existing
shareholders, at a fixed subscription price of NOK 3 per New Share (the "Private
Placement").



Reference is also made to the stock exchange announcement by the Company on 17
October 2024, regarding the entry into of a share purchase agreement (the "
Agreement") for the purchase of all outstanding shares in Jetcarrier AS, between
the Company (as purchaser) and the shareholders of Jetcarrier AS (as sellers)
(the "Acquisition"). In the Acquisition, the consideration shares to be
delivered to the sellers were resolved issued in connection with the approval of
the Private Placement.



In an extraordinary general meeting held on 13 November 2024, the share capital
increase in connection with the issuance of the New Shares was approved.
Further, the New Shares have now been formally subscribed.



The following primary insiders or close associates of primary insiders have
subscribed New Shares:



* Initia AB, a company closely associated with director Jan Pettersson, has
subscribed 83,333 New Shares, for a total subscription amount of NOK 250,000;
* Swelandia International AB, a company closely associated with director Jan
Pettersson, has subscribed 83,333 New Shares, for a total subscription amount
of NOK 250,000;
* Jon Olav Ødegård, the chairman of the Company, has subscribed 33,332 New
Shares, for a total subscription amount of NOK 100,000;
* Varming Holding AS, a company closely associated with CFO Jan Varming, has
subscribed 1,000,000 New Shares, for a total subscription amount of NOK
3,000,000.
* Terrabyte Holding AS, a company closely associated with director Terje Blytt,
has subscribed 4,621,623 New Shares, for a total subscription amount of NOK
13,864,865.
* Roger Sebastian Sedal, the observer to the Company's board of directors, has
subscribed 3,324,324 New Shares, for a total subscription amount of NOK
9,972,972.



Please see the attached notification forms for further information.



* * *



For further information, please contact Jan Varming, CFO, telephone +47 90 83 90
76.



Aqua Bio Technology (ABT) is developing and commercializing sustainable
biotechnology for use in skincare products. ABT's cosmetics ingredients are
highly effective, and they provide the cosmetics industry with natural
alternatives to traditional ingredients. ABT is also marketing and distributing
natural skincare products developed by partners towards consumers and
professional users. ABT's focus on commercialization and development of natural
ingredients and natural skincare products has been, and will continue to be, an
important part of the Company's strategy going forward. ABT is listed on the
Euronext Expand market of the Oslo Stock Exchange.



* * *



This information is subject to the disclosure requirements pursuant to MAR
article 19 and section 5-12 of the Norwegian Securities Trading Act.



The stock exchange announcement was published by CFO Jan Varming on the time and
date provided.



DISCLOSURE REGULATION

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

ABOUT AQUA BIO TECHNOLOGY ASA

Aqua Bio Technology (ABT) is developing and commercializing sustainable
biotechnology for use in skin care products. ABT's cosmetics ingredients are
highly effective and they provide the cosmetics industry with natural
alternatives to traditional ingredients. ABT is also marketing and distributing
natural skin care products developed by partners towards consumers and
professional users. Aqua Bio Technology is listed on Euronext Expand.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/18322848/5260/Download%20announce
ment%20as%20PDF.pdf

241113 - Notification form - Initia AB.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/18322848/5254/241113%20-%20Notifi
cation%20form%20-%20Initia%20AB.pdf

241113 - Notification form - Swelandia International AB.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/18322848/5255/241113%20-%20Notifi
cation%20form%20-%20Swelandia%20International%20AB.pdf

241113 - Notification form - Jon Olav Odegaard.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/18322848/5256/241113%20-%20Notifi
cation%20form%20-%20Jon%20Olav%20Odegaard.pdf

241113 - Notification form - Varming Holding AS.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/18322848/5257/241113%20-%20Notifi
cation%20form%20-%20Varming%20Holding%20AS.pdf

241113 - Notification form - Terrabyte Holding AS.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/18322848/5258/241113%20-%20Notifi
cation%20form%20-%20Terrabyte%20Holding%20AS.pdf

241113 - Notification form - Roger Sebastian Sedal.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/18322848/5259/241113%20-%20Notifi
cation%20form%20-%20Roger%20Sebastian%20Sedal.pdf

ORIGINAL RELEASE

Aqua Bio Technology ASA - Primary Insider Notifications -
https://kommunikasjon.ntb.no/announcement/18322799?publisherId=17847556&lang=en

More information:
Access the news on Oslo Bors NewsWeb site

632126_241113 - Notification form - Varming Holding AS.pdf
632126_Download announcement as PDF.pdf
632126_241113 - Notification form - Swelandia International AB.pdf
632126_241113 - Notification form - Roger Sebastian Sedal.pdf
632126_241113 - Notification form - Initia AB.pdf
632126_241113 - Notification form - Terrabyte Holding AS.pdf
632126_241113 - Notification form - Jon Olav Odegaard.pdf