Oslo, Norway, 17 December 2024: Reference is made to the stock exchange
announcement published by Lytix Biopharma AS ("Lytix" or the "Company") earlier
today, on 17 December 2024, regarding the successful completion of a private
placement of new shares raising NOK 100 million in gross proceeds, and a retail
offering of new shares (together with the new shares in the private placement,
the "Offer Shares") raising NOK 11.3 million in gross proceeds via the
PrimaryBid platform.

As of this date, the Company has been informed that the following primary
insiders and close associates to primary insiders have been allocated a total of
3,226,078 Offer Shares, as further set out in the attached forms. 

Disclosure regulation:
This information is subject to the disclosure requirements pursuant to article
19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian
Securities Trading Act.

For more information, please contact:
Gjest Breistein, CFO 
+47 952 60 512
gjest.breistein@lytixbiopharma.com

Lytix in brief: 
Based in Oslo, Norway, Lytix Biopharma is a clinical-stage biotech company with
a highly novel technology based on world leading research in host-defense
peptide-derived molecules. Lytix Biopharma's lead product, LTX-315, is a
first-in-class oncolytic molecule representing a new principle to boost
anti-cancer immunity. Lytix Biopharma has a pipeline of molecules that can work
in many different cancer indications and treatment settings, both as mono- and
combination therapy.