13.11.2024 18:44:52 CET | Aqua Bio Technology ASA | Mandatory notification of
trade primary insiders

Reference is made to the stock exchange notices from Aqua Bio Technology ASA ("
ABT" or the "Company") published on 18 October 2024 regarding the successful
placement of new shares (the "New Shares") towards the shareholders of
Jetcarrier AS and towards certain new investors and certain existing
shareholders, at a fixed subscription price of NOK 3 per New Share (the "Private
Placement").

 

Reference is also made to the stock exchange announcement by the Company on 17
October 2024, regarding the entry into of a share purchase agreement (the "
Agreement") for the purchase of all outstanding shares in Jetcarrier AS, between
the Company (as purchaser) and the shareholders of Jetcarrier AS (as sellers)
(the "Acquisition"). In the Acquisition, the consideration shares to be
delivered to the sellers were resolved issued in connection with the approval of
the Private Placement.

 

In an extraordinary general meeting held on 13 November 2024, the share capital
increase in connection with the issuance of the New Shares was appoved. Further,
the New Shares have now been formally subscribed.

 

The following primary insiders or close associates of primary insiders have
subscribed New Shares:

 

 * Initia AB, a company closely associated with director Jan Pettersson, has
   subscribed 83,333 New Shares, for a total subscription amount of NOK 250,000