Oslo, 18 December 2024: Reference is made to the stock exchange announcement published by Circio Holding ASA (the "Company") on 4 December 2024, regarding the first day of the exercise period for the 13,864,852 warrants (the "Warrants") issued in connection with the rights issue completed in June and July 2024 (the "Rights Issue") and the stock exchange announcement published earlier today, 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 today, 18 December 2024 at 16:30 hours (CET).

The preliminary results indicate that 12,921,088 Warrants were exercised in the exercise period, resulting in an aggregate allocation of 12,921,088 new shares in the Company (the "New Shares") at a subscription price of NOK 0.60 per New Share to those who exercised Warrants in the exercise period, raising gross proceeds of approximately NOK 7.7 million.

The final result of allocation of New Shares is expected to be published tomorrow, on 19 December 2024.

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.