Reference is made to the NOTC announcement by CondAlign AS ("CondAlign") on 24 February 2025 regarding the summons of an extraordinary general meeting (the "EGM") to approve the issuance of the convertible loan that was successfully placed on 24 February 2025. 

All agenda items included in the notice of the EGM were approved in accordance with the suggestions put forward by the Board of Directors of CondAlign (the "Board"). The minutes from the EGM are attached to this notice and also available on the CondAlign website.

The representatives of CondAlign also provided a company update during the EGM. As previously announced, CondAlign and the Board are in the process of identifying strategic alternatives. The discussions are at an early-phase stage. To extend the cash runway while these discussions are ongoing, the Board has decided to implement certain cash preventive measures, including a reduction of workforce through layoffs. CondAlign's CFO has also delivered a notice of resignation and will transition out of his role to assume a new role during the next weeks. On this background, and based on the assumed cash burn rate, CondAlign expects the cash runway to be extended to the beginning of June 2025. This is under the assumption that the convertible loan that was placed on 11 November 2025 and which falls due in April 2025 is either converted or extended in full. 

For more information, please contact:
Harald Wahl Breivik
CEO CondAlign AS
Tel: +47 976 33 815
harald.breivik@condalign.no

About CondAlign:
CondAlign is a Norwegian deep tech company that develop, manufacture, and sell groundbreaking anisotropic conductive films (electrical and thermal) for the electronics and automotive industry to connect electronics and/or transferring heat. CondAlign is registered at Euronext NOTC.