SANDNES, Norway - 25 January 2022 - Publication of prospectus and launch of
subscription period for subsequent offering

Reference is made to the stock exchange announcements published on 12 January
2022 and 20 January 2022 by Horisont Energi AS ("Horisont" or the "Company")
regarding inter alia a subsequent offering (repair issue) to be carried out by
the Company (the "Subsequent Offering").

The Company has on 24 January registered a national prospectus (the
"Prospectus") with the Norwegian Register of Business Enterprises in accordance
with section 7-8 of the Norwegian Securities Trading Act. Neither the Financial
Supervisory Authority of Norway nor any other public authority has carried out
any form of review, control, or approval of the Prospectus. This Prospectus does
not constitute an EEA-prospectus.

The Prospectus can be obtained electronically by downloading it from
https://transaksjoner.fearnleysecurities.com/. The Prospectus will be available
prior to the start of the Subscription Period (as defined below).
The Subsequent Offering comprises the issue of up to 769,230 new shares (the
"Offer Shares") in the Company, each with a nominal value of NOK 0.01, at a
subscription price of NOK 65.00 per share. Total gross proceeds will amount to
approximately NOK 50 million. The Subsequent Offering is fully underwritten.

As set forth in the mentioned stock exchange announcement, the subsequent repair
offering will be for 769,230 new shares at a price per share of NOK 65. The
subsequent offering will, subject to applicable securities law, be directed
towards existing shareholders in the Company as of 12 January 2022 (as
registered in the VPS 14 January 2022 (the "Record Date")), who (i) were not
allocated Offer Shares in the Private Placement announced on 12 January 2022,
and (ii) 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 (the "Eligible Shareholders"). Each
Eligible Shareholder will receive 0.048 non-tradeable subscription rights (the
"Subscription Rights") for each share held by such Eligible Shareholder in the
Company as of the Record Date.

Each Subscription Right will, subject to applicable securities laws, give the
preferential right to subscribe for, and be allocated, one Offer Share in the
Subsequent Offering, rounded down to the nearest whole share. Over-subscription
will be permitted