Arctic Bioscience - Exercise of right to convert debt and issuance of shares

09 Dec 2025 08:29 CET

With reference to the stock exchange notice of 13[th] of January 2025 regarding
new financing via a convertible loan. An investor, which participated in the
investor consortium contributing to the convertible loan of total NOK 15
million, has exercised his right to convert the outstanding debt into shares.
Debt that will be converted is NOK 270 365. The conversion amount includes
accrued interest. The conversion price is set at NOK 2,7896 per share based on
the received conversion notice.

The Board of Directors will issue the shares, pursuant to authorization granted
by the Company's General Meeting on 26[th] May 2025. Following the capital
increase, the Company's shares outstanding will be 26 956 257 shares.

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

For more information, please contact:

Christer L. Valderhaug

CEO

Phone: +47 920 84 601

E-mail: christer@arctic-bioscience.com

About Arctic Bioscience

Arctic Bioscience is a biotech company developing and commercializing
pharmaceutical and nutraceutical products based on unique bioactive marine
compounds.

The company is developing HRO350 - a novel oral drug candidate. HRO350 is being
developed for treatment of patients with mild-to-moderate psoriasis. This is a
large patient group in need of new effective medicines with beneficial safety
profile.

Nutraceuticals from Arctic Bioscience are sold globally as bulk ingredients as
well as finished goods under the ROMEGA® brand.

Arctic Bioscience is led by a highly skilled team of talents with diverse and
highly relevant background.

More information:
Access the news on Oslo Bors NewsWeb site