NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS,
ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE
"UNITED STATES"), AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION
OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH
THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. 

Tekna Holding AS: Contemplated private placement and listing on Euronext Growth
Oslo

Oslo, 22 March 2021. Tekna Holding AS ("Tekna" or the "Company") has engaged
Arctic Securities AS and Carnegie AS (together the "Managers") to advise on and
effect a contemplated private placement in the Company (the "Private
Placement").
The Private Placement will consist of a primary offering of up to 24,074,074 new
shares (the "Primary Shares") to be issued by the Company to raise gross
proceeds of up to NOK 650 million (the "Primary Offering"). There will also be
an over-allotment option of up to 3,703,703 additional existing shares (the
"Additional Shares"), equivalent to approximately 15% of the Primary Offering,
or approximately NOK 100 million (the "Greenshoe Offering"). The Primary Shares
and the Additional Shares together constitute the offer shares (the "Offer
Shares"). The total number of Offer Shares offered in the Private Placement is
up to 27,777,777, equating to approx. NOK 750 million in gross proceeds.
The price per share in the Private Placement has been set to NOK 27.00,
equivalent to a pre-money equity value of the Company of NOK 2,700 million based
on the 100,000,000 shares currently outstanding in the Company.
The net proceeds from the Private Placement will be used to fund growth
investments, repayment of shareholder loans and for general corporate purposes.
The following primary insiders have pre-committed to subscribe for and will be
allocated Offer Shares as follows: i) Chair of the Board in Tekna Holding AS and
CEO at AFK, Ørjan Svanevik, 50,000 Offer shares