Zelluna ASA: Disclosure of large shareholding

04 Nov 2025 08:28 CET

Reference is made to the stock exchange announcement made by Zelluna ASA (the
"Company") on 3 November 2025 regarding the allocation of 5,500,000 new shares
in the Company in a private placement (the "Private Placement"), divided on a
first tranche of 3,729,774 new shares ("Tranche 1") and a second tranche of
1,770,226 new shares, and the allocation of 315,639 new shares in a retail
offering via the PrimaryBid Platform (the "Retail Offering").

Gjelsten Holding AS has subscribed 341,938 new shares in connection with the
Private Placement of shares in Tranche 1 and in the Retail Offering, resulting
in Gjelsten Holding crossing the 5% threshold under section 4-2 of the Norwegian
Securities Trading Act, and its shareholding will be 1,356,910 shares, equal to
5.54% of the total number of shares and votes in the Company.

This disclosure is made pursuant to Section 4-2 of the Norwegian Securities
Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site