29.8.2024 15:09:52 CEST | Aqua Bio Technology ASA | Total number of voting
rights and capital

Reference is made to the stock exchange notice from Aqua Bio Technology ASA (the
"Company" or "ABT") on 28 August 2024 regarding the completion of the Company's
acquisition of 100 % of the shares in 3D Innovation Nordic AS pursuant to a
share purchase agreement (the "SPA") entered between the Company as buyer and
CoC Invest AS ("CoC Invest") as seller, a company with Ørjan Djuvik Pedersen,
Jesper Dønnestad Brandt and Rolf Kristian Fiala as ultimate owners.

To settle the share component of the purchase price under the SPA, the Company's
board of directors has today resolved to issue 5,000,000 consideration shares at
a subscription price of NOK 3,66 per consideration share, each with a nominal
value of NOK 2,50 (the "Consideration Shares"), pursuant to a board
authorization registered in the Norwegian Register of Business Enterprises on 5
July 2024.

The Consideration Shares are subject to a 36-month lock up undertaking and will
be delivered on a separate ISIN pending the Company's publication of an EEA
listing prospectus approved by the Norwegian Financial Supervisory Authority.

Following CoC Invest's subscription of the Consideration Shares, CoC Invest will
own a total of 6,200,000 shares and votes in the Company, representing
approximately 8,92 % of the outstanding shares and votes in the Company. CoC
Invest will thereby exceed the 5 % threshold pursuant to section 4-2 of the
Norwegian Securities Trading Act ("STA").

Additionally, the Company's shareholder Medvind Holding AS ("Medvind") makes the
following disclosure of large shareholdings:

 * Medvind exceeded the 10 % threshold on 22 December 2023 under section 4-2 of
   the STA by subscribing for 6,000,000 consideration shares in connection with
   the Company's acquisition of 100 % of the shares in Cover Brands AS, where
   Medvind held approximately 10,86 % of the votes and shares in the Company at
   the time. 

 * Medvind fell below the 10% threshold on 23 April 2024 under section 4-2 of
   the STA, as a result of dilution following the issuance of 4,708,935
   settlement shares in the Company. This was in connection with ABT's
   settlement of the remaining earn-out obligations to Varming Holding, as
   detailed in the stock exchange announcement made by the Company on 28 June
   2024. Following the registration of the corresponding share capital increase
   in the Norwegian Register of Business Enterprises, Medvind held approximately
   9.3% of the shares and votes in the Company at the time.

 This information is subject to the disclosure requirements in sections 4-2 and
5-12 of the STA.

 

CONTACTS

Håvard Lindstrøm, 004794132288, hl@aquabiotech.no

ABOUT AQUA BIO TECHNOLOGY ASA

Aqua Bio Technology (ABT) is developing and commercializing sustainable
biotechnology for use in skin care products. ABT's cosmetics ingredients are
highly effective and they provide the cosmetics industry with natural
alternatives to traditional ingredients. ABT is also marketing and distributing
natural skin care products developed by partners towards consumers and
professional users. Aqua Bio Technology is listed on Euronext Expand.

DISCLOSURE REGULATION

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

CONTACTS

 * Håvard Lindstrøm, 004794132288, hl@aquabiotech.no 

ABOUT AQUA BIO TECHNOLOGY ASA

Aqua Bio Technology (ABT) is developing and commercializing sustainable
biotechnology for use in skin care products. ABT's cosmetics ingredients are
highly effective and they provide the cosmetics industry with natural
alternatives to traditional ingredients. ABT is also marketing and distributing
natural skin care products developed by partners towards consumers and
professional users. Aqua Bio Technology is listed on Euronext Expand.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/18219467/4919/Download%20announce
ment%20as%20PDF.pdf