NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange announcement made by CodeLab Capital AS
(the "Company") on 26 June 2024 regarding the successful placing of a private
placement of 137,931,035 new shares in the Company raising gross proceeds of NOK
40 million (the "Private Placement") and a potential subsequent share offering
(the "Subsequent Offering").

The Company has, subject to completion of the Private Placement, and certain
other conditions, resolved to carry out a Subsequent Offering of up to
17,241,379 new shares in the Company. The subscription price in the Subsequent
Offering will be NOK 0.29 ("Subscription Price") which equals the offer price in
the Private Placement. The Subsequent Offering will, subject to applicable
securities laws, be directed towards eligible shareholders in the Company as of
close of trading on 25 June 2024 (as registered in the VPS on 27 June 2024) (the
"Record Date"), who (i) were not allocated shares in the Private Placement, and
(ii) who are not resident in a jurisdiction where such offering would be
unlawful, or would (in jurisdictions other than Norway) require any prospectus
filing, registration or similar action ("Eligible Shareholders").

The Eligible Shareholders will receive non-tradeable subscription rights based
on their registered shareholdings as of the Record Date. Oversubscription will
be allowed. Subscription without subscription rights will not be allowed.
 
Completion of the Subsequent Offering will be subject to (i) completion of the
Private Placement, (ii) that the EGM resolves to grant the board of directors an
authorisation to increase the share capital in connection with the Subsequent
Offering and (iii) the trading price of the Company's shares exceeding the
Subscription Price, The subscription period for any Subsequent Offering (if
made) is expected to commence during following the Norwegian summer holiday.

In accordance with the continuing obligations of companies listed on Euronext
Growth Oslo, the following key information is given with respect to the
Subsequent Offering:

Date on which the terms and conditions of the repair issue were announced: 26
June 2024

Last day including right: 25 June 2024

Ex-date: 26 June 2024

Record date: 27 June 2024

Date of EGM approval: 10 July 2024

Maximum number of new shares: 17,241,379 new shares 

Subscription price: NOK 0.29

Other information: The Subsequent Offering is subject to the board of directors
resolving to carry out the Subsequent Offering based on the authorisation to be
granted at the EGM to be held on or about 10 July 2024.

For further information, please contact:

CEO Kristian Ikast: ki@codelabcapital.com 
CFO Christoffer Mathiesen: cm@codelabcapital.com
www.codelabcapital.com

IMPORTANT INFORMATION: This announcement is not and does not form a part of any
offer to sell, or a solicitation of an offer to purchase any securities. The
distribution of this announcement and other information may be restricted by law
in certain jurisdictions. Copies of this announcement are not being made and may
not be distributed or sent into any jurisdiction in which such distribution
would be unlawful or would require registration or other measures. Persons into
whose possession this announcement or such other information should come are
required to inform themselves about and to observe any such restrictions.
 
This announcement is not an offer of securities for sale in the United States.
The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
Any public offering of securities to be made in the United States would be made
by means of a prospectus to be obtained from the Company that would contain
detailed information about the Company and management, as well as financial
statements