Oslo, 19 December 2024: Reference is made to the stock exchange announcement published by Circio Holding ASA (the "Company") on 18 December 2024, regarding the preliminary results for the exercise period for the 13,864,852 warrants (the "Warrants"), issued in connection with the rights issue, raising gross proceeds of approximately NOK 7.7 million, and the stock exchange announcement published on 18 December 2024 regarding completion of a private placement of 4,903,925 new shares (the "Private Placement").

The exercise period for the Warrants expired at 16:30 hours (CET) on 18 December 2024. At the expiry of the exercise period, 12,921,088 Warrants were exercised, resulting in an aggregate subscription of 12,921,088 new shares in the Company ("New Shares") to the subscribers at a subscription price of NOK 0.60 per New Share, raising gross proceeds of approximately NOK 7.7 million.

The final allocation of the New Shares has now been completed resulting in the Company allocating a total of 12,921,088 New Shares to investors holding Warrants.

The New Shares will be listed and issued upon registration of the share capital increase in the Norwegian Register of Business Enterprises as soon as practically possible, expected end of 2024 or early January 2025. The New Shares will be listed on the Oslo Stock Exchange under ISIN NO0013033795 and ticker code "CRNA".

The New Shares will not be transferred to the holder before they are fully paid and the share capital increase pertaining to the exercise of the Warrants and the Private Placement has been registered with the Norwegian Register of Business Enterprises.

Following the exercise of the Warrants and the Private Placement, the Company's share capital will be NOK 42,090,397.20, divided by 70,150,662 shares each with a nominal value of NOK 0.60.