Potential block sale of existing shares in poLight ASA

27 Nov 2025 16:31 CET

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, HONG KONG,
SOUTH AFRICA OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER
TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION,
INCLUDING THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, HONG KONG OR SOUTH
AFRICA.

Investinor Direkte AS (the "Seller") has retained Pareto Securities AS (the
"Manager") to explore a potential block sale of existing shares (the
"Offering") in poLight ASA (the "Company").

The Seller currently holds 14,149,715 shares in the Company which equals
approx. 6.66% of the Company's shares outstanding. The Seller is contemplating
selling its entire shareholding in the Company (the "Offer Shares") if the
demand and price in the Offering is satisfactory. The Seller reserves the
right, at its sole discretion, to sell no Offer Shares at all.

The price in the Offering will be determined through an accelerated
bookbuilding process and will be denominated in NOK. The final price in the
Offering will be identical for all investors with an allocation in the
Offering.

The bookbuilding period in the Offering will commence immediately (27 November
2025) and will close on 28 November 2025 at 08:00 CET. The Manager may, at its
sole discretion, extend, shorten or close the bookbuilding period at any time
and for any reason without notice. If the bookbuilding period is extended,
shortened or closed, the other dates referred to herein may be changed
accordingly.

The Offering is expected to be priced and allocated before 09:00 CET on 28
November 2025 (T). The settlement in the Offering will be conducted on a
normal delivery-versus-payment basis (DVP T+2). The Offer Shares will be
tradable on Euronext Oslo Børs (main regulated list on the Oslo Stock
Exchange) from T.

The minimum order and allocation in the Offering have been set to the NOK
equivalent of EUR 100,000. The Manager may, however, offer and allocate an
amount below the NOK equivalent of EUR 100,000 in the Offering to the extent
exemptions from prospectus requirements, in accordance with Regulation (EU)
2017/1129 and ancillary regulations, are available.

The Seller will receive the net proceeds from the Offering. The Company will
not receive any proceeds from the Offering.

For more information about the Offering please contact the Manager:

Pareto Securities AS
+47 22 87 87 50

Important notices:

This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company. The
distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Copies of this announcement are not being made
and may not be distributed or sent into any jurisdiction in which such
distribution would be unlawful or would require registration or other
measures. Persons into whose possession this announcement or such other
information should come are required to inform themselves about and to observe
any such restrictions.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities
laws. The Company does not intend to register any part of the offering or its
securities in the United States or to conduct a public offering of securities
in the United States.

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
Prospectus Regulation, i.e., only to investors who can receive the offer
without an approved prospectus in such EEA Member State. The expression
"Prospectus Regulation" means Regulation (EU) 2017/1129 as amended together
with any applicable implementing measures in any Member State.

This communication is only being distributed to and is only directed at
persons in the United Kingdom that are "qualified investors" within the
meaning of the Prospectus Regulation as it forms part of English law by virtue
of the European Union (Withdrawal) Act 2018 and that are (i) investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or
(ii) high net worth entities, and other persons to whom this announcement may
lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order
(all such persons together being referred to as "relevant persons"). This
communication must not be acted on or relied on by persons who are not
relevant persons. Any investment or investment activity to which this
communication relates is available only for relevant persons and will be
engaged in only with relevant persons. Persons distributing this communication
must satisfy themselves that it is lawful to do so.

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect",
"anticipate", "strategy", "intends", "estimate", "will", "may", "continue",
"should" and similar expressions. The forward-looking statements in this
release are based upon various assumptions, many of which are based, in turn,
upon further assumptions. Although the Seller believes that these assumptions
were reasonable when made, these assumptions are inherently subject to
significant known and unknown risks, uncertainties, contingencies and other
important factors which are difficult or impossible to predict and are beyond
their control.

By their nature, forward-looking statements are subject to numerous factors,
risks and uncertainties that could cause actual outcomes and results to be
materially different from those projected. Readers are cautioned not to place
undue reliance on these forward-looking statements. Except for any ongoing
obligation to disclose material information as required by the applicable law,
the Seller does not have any intention or obligation to publicly update or
revise any forward-looking statements after they distributes this
announcement, whether to reflect any future events or circumstances or
otherwise.

Neither the Manager nor any of its respective affiliates makes any
representation as to the accuracy or completeness of this announcement and
none of them accepts any responsibility for the contents of this announcement
or any matters referred to herein.

This announcement is for information purposes only and is not to be relied
upon in substitution for the exercise of independent judgment. It is not
intended as investment advice and under no circumstances is it to be used or
considered as an offer to sell, or a solicitation of an offer to buy any
securities or a recommendation to buy or sell any securities in the Company.
Neither the Manager nor any of its respective affiliates accepts any liability
arising from the use of this announcement.

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication,
through the agency of the contact persons set out above, at 2025-11-27 16:31
CET.

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