Disclosure of Shareholding - Gjelsten Holding AS

27 May 2025 13:51 CEST

Issuer: Zelluna ASA
ISIN: NO0013524942
Date of event triggering the notification: 27 May 2025
Threshold crossed: 5%

In accordance with the Norwegian Securities Trading Act Section 4-3, Gjelsten
Holding AS ("Gjelsten") hereby notifies that its ownership interest in Zelluna
ASA ("Zelluna") has fallen below the 5% threshold. Following a share capital
increase in Zelluna through a private placement registered in VPS on 27 May
2025, Gjelsten's ownership has changed as follows:

* Previous shareholding: 5.02% of the share capital
* New shareholding: 4.96% of the share capital
* Total number of shares held: 1,014,972 shares

The reduction in ownership is due to dilution as a result of the private
placement. Gjelsten has not sold any shares.

This notification is submitted pursuant to Section 4-3 of the Norwegian
Securities Trading Act and the Oslo Rule Book II - Issuer Rules.

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