Oslo, 19 September 2025

Reference is made to the announcement made by Observe Medical ASA (the "Company" or "Observe Medical", OSE ticker "OBSRV") on 16 September 2025, regarding the entry into of an investment agreement with Songa Capital AS (the "Investment Agreement"). Pursuant to the Investment Agreement, Observe Medical will issue 20 million new shares to Songa Capital AS and other companies affiliated with the Blystad group at a subscription price of NOK 0.50 per share, raising total gross proceeds of NOK 10 million (the "Private Placement"). The Private Placement is conditional upon the approval by the extraordinary general meeting of the share capital increase pertaining til the Private Placement.

An extraordinary general meeting of the Company will be held on 10 October 2025 at 11:00 (CEST) (the "EGM"). The notice of the EGM, including agenda, proposed resolutions, registration form, a form of proxy and other relevant documents, is enclosed hereto.

As set out in the agenda for the EGM, the board of directors of the Company proposes that the general meeting resolves to increase the Company's share capital by NOK 8,400,000 through the issuance of 20,000,000 new shares to complete the Private Placement.

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

For further information, please contact:

Jørgen Mann, CEO Observe Medical

Mobile: +45 408 67 558

E-mail: jorgen.mann@observemedical.com

Johan Fagerli, CFO Observe Medical

Mobile: +47 958 12 765

E-mail: johan.fagerli@observemedical.com

About Observe Medical: 

Observe Medical is a Nordic medtech company that develops, markets and sells innovative medtech products for the global market. The Company is committed to improving patient welfare and patient outcomes, improving clinical data accuracy and promoting positive health economics.

The Company seeks to drive growth by leveraging its expertise in sales and commercialisation of its broad portfolio of medical technology products, mainly in urine measurement and ultrasound, in combination with targeted M&A and distribution. Observe Medical is working with a network of leading distributors to provide outstanding solutions for healthcare professionals globally.

The Company is headquartered in Oslo, Norway.

Further information is available at www.observemedical.com.