Lifecare ASA: Resolution to issue underwriting commission shares

29 Jan 2026 13:55 CET

Reference is made to the stock exchange announcement published by Lifecare ASA
(the "Company") on 22 January 2026 and previous announcements regarding the
partially underwritten rights issue of new shares in the Company (the "Rights
Issue").

In connection with the Rights Issue, a total of 12,000,000 new shares (the
"Underwriting Commission Shares") shall be issued to the underwriters of the
Rights Issue, at a subscription price of NOK 0.50 per share (being the same
subscription price as in the Rights Issue), as settlement of their entitlement
to underwriting commission pursuant to the underwriting agreements dated 21
October 2025 entered into between the Company and the underwriters.

In accordance with the board authorisation granted by the extraordinary
general meeting held on 2 January 2026, the board of directors has today
resolved to increase the share capital of the Company with NOK 1,200,000
through the issuance of 12,000,000 Underwriting Commission Shares, each with a
par value of NOK 0.10, at a subscription price of NOK 0.50 per share.

As previously announced, underwriters who subscribe Underwriting Commission
Shares as settlement of the underwriting commission shall receive warrants in
two series: (i) three (3) warrants for every four (4) Underwriting Commission
Shares subscribed by the underwriter, which will be exercisable in the
exercise period from 2 March 2026 to 13 March 2026 ("Warrants Series 1"); and
(ii) three (3) warrants for every four (4) Underwriting Commission Shares
subscribed by the underwriter, which will be exercisable in the exercise
period from 1 June 2026 to 12 June 2026 ("Warrants Series 2" and together with
Warrants Series 1, the "Warrants"). Consequently, in total 18,000,000 Warrants
(9,000,000 Warrants Series 1 and 9,000,000 Warrants Series 2) will be issued
based on the number of Underwriting Commission Shares to be issued to the
underwriters.

The share capital increase pertaining to the issuance of the Underwriting
Commission Shares is expected to be registered with the Norwegian Register of
Business Enterprises on or about 3 February 2026, and the Underwriting
Commission Shares are expected to be delivered to the underwriters on or about
4 February 2026.

About us
Lifecare ASA is a medical sensor company developing technology for sensing and
monitoring of various body analytes. Lifecare's focus is to bring the next
generation of Continuous Glucose Monitoring systems to market. Lifecare
enables osmotic pressure as sensing principle. Lifecare's sensor technology is
suitable for identifying and monitoring the occurrence of a wide range of
analytes and molecules in the human body and in pets.

Contacts
For further information, please contact:

Joacim Holter, CEO, joacim.holter@lifecare.no, +47 40 05 90 40

Renete Kaarvik, CFO, renete.kaarvik@lifecare.no, +47 94 83 82 42

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-01-29 13:55 CET.

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664450_Lifecare ASA- Resolution to issue underwriting commission shares.pdf