poLight ASA: New share capital registered following private placement

04 Jun 2025 12:26 CEST

Tønsberg, 4 June 2025: Reference is made to the stock exchange announcement by
poLight ASA (the "Company") published on 15 April 2025 regarding the strategic
investment agreement entered into with Q Technology (Group) Company Limited ("Q
Tech"), pursuant to which the Company was set to issue 63,743,112 new shares
(the "Private Placement Shares") to Q Tech at a subscription price of NOK 2.69
per share (the "Private Placement"), and the stock exchange announcement on 21
May 2025 regarding the Company's annual general meeting resolving to, inter
alia, approve the share capital increase pertaining to the Private Placement.

The share capital increase pertaining to the Private Placement has been
registered today with the Norwegian Register of Business Enterprises.
Accordingly, the Company's new share capital is NOK 7,734,588.68 divided into
193,364,717 shares, each with a nominal value of NOK 0.04.

The Private Placement Shares will be issued under a temporary ISIN and will not
be tradable on the Oslo Stock Exchange until the Company has published a listing
prospectus for such shares approved by the Financial Supervisory Authority of
Norway (Finanstilsynet), which is expected to occur during June 2025.

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

For further information, please contact:

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

Joakim Hines Bredahl, CFO, poLight ASA: +47 97 52 17 31

About poLight ASA

poLight ASA (listed on the Oslo Stock Exchange: PLT) offers a patented,
proprietary tunable optics technology, starting with its first product, TLens®
which replicates "the human eye" experience in autofocus cameras used in devices
such as smartphones, wearables, barcode scanners, machine vision systems and
various medical equipment. poLight's TLens® enables better system performance
and new user experiences due to benefits such as extremely fast focus, small
footprint, no magnetic interference, low power consumption and constant field of
view. poLight is based in Tønsberg, Norway, with employees in Finland, France,
UK, US, China, Taiwan, Japan, and the Philippines. For more information, please
visit https://www.polight.com

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