Oslo, 28 April 2023 - Navamedic ASA (OSE: NAVA), a Nordic pharma company and
reliable provider of high-quality products to hospitals and pharmacies, announce
that the company has published its Annual Report for 2022, which was approved by
the Board of Directors on 27 April 2023.

The report is attached to this notice and is available at
navamedic.com/investors. In addition, the company has published its annual
financial statements in European Single Electronic Format (ESEF).

"The year 2022 can be summarised by Navamedic successfully delivering on its
growth ambition through both acquisitions and new product launches."

For the full year of 2022, revenues amounted to NOK 382.1 million, up 37 per
cent compared to 2021. The company's gross margin was 42.8 per cent compared to
40.1 per cent in 2021. Operating profit (EBIT) amounted to NOK 44.4 million
compared to NOK 11.5 million in 2021.

"Looking ahead to 2023, we are well underway to achieve our mid-term ambition of
operating a NOK 1 billion revenue company with a 15 per cent EBITDA margin. The
achievements of 2022 would not have been possible without the dedicated
Navamedic team, who have worked incredibly hard to get us to where we are today.
I also extend my gratitude to our investors and stakeholders who have supported
us along the way. This is an exciting time for the company, and I look forward
to keeping you all updated on our achievements as we go," commented Kathrine
Gamborg Andreassen, CEO, Navamedic.

For further information, please contact:

Kathrine Gamborg Andreassen, CEO, Navamedic

Mobile: +47 951 78 680

E-mail: kathrine@navamedic.com

Lars Hjarrand, CFO, Navamedic

Mobile: +47917 62 842

E-mail: lars.hjarrand@navamedic.com

About Navamedic

Navamedic ASA is a full-service provider of high-quality healthcare products to
hospitals and pharmacies. Navamedic meets the specific medical needs of patients
and consumers by leveraging its highly scalable market access platform, leading
category competence and local knowledge. Navamedic is present in all the Nordic
countries, the Baltics and Benelux, with sales representation in the UK and
Greece. Navamedic is headquartered in Oslo, Norway, and listed on the Oslo Stock
Exchange (ticker: NAVA). For more information, please visit www.navamedic.com.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.