Reference is made to the stock exchange announcement published by poLight ASA
(the "Company") on 22 March 2024, concerning, among other things, a notice for
an extraordinary general meeting (the "EGM") to discuss and approve a partially
underwritten rights issue, to raise gross proceeds of up to NOK 160 million (the
"Rights Issue"), of which an underwriting consortium has agreed to underwrite
subscription of new shares for gross proceeds of NOK 130 million.

Date on which the terms and conditions of the Rights Issue were announced: 22
March 2024

Last day including right: 18 April 2024

Ex-date: 19 April 2024

Record Date: 22 April 2024

Date of approval: 18 April 2024

Number of new shares: Minimum 56,313,623 and maximum 69,309,075

Subscription price: NOK 2.3085

Ratio subscription rights: 1.046782 subscription right per 1 existing share in
the Company. The aggregate number of subscription rights granted to each
shareholder will be rounded down to the nearest whole subscription right.

Subscription ratio: 1:1 (1 subscription right will give the right to subscribe 1
new share in the Rights Issue)

Manager: Pareto Securities AS

Will the rights be listed: Yes

ISIN for the subscription rights: NO 001 3214833

Other information: The Rights Issue is partially underwritten, where an
underwriting consortium has agreed to underwrite subscription of new shares for
gross proceeds of NOK 130 million. The Rights Issue is subject to approval by
the Company's extraordinary general meeting (the "EGM") to be held today, 18
April 2024, at 18:30 hours (CEST). Please refer to the notice for the EGM for
further information about the Rights Issue, published by the Company on 22 March
2024 and available on https://www.polight.com/investors/general
-meetings/default.aspx, as well as information relating to determination of the
subscription price and the number of shares in the Rights Issue, published by
the Company earlier today on 18 April 2024.

Further information from:

Dr. Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98

About poLight ASA

poLight ASA (OSE: PLT) offers patented, state-of-the-art tunable optics
technology, leveraging its proprietary polymer and piezo MEMS technology.
Founded in 2005, its first product TLens® replicates "the human eye" experience
in autofocus cameras used in applications such as AR/MR devices, smartphones,
wearables, webcams and other consumer devices, industrial barcode scanners and
machine vision systems, and healthcare applications. With over 160 granted
patents, poLight's technology delivers extremely fast focus, small
footprint, ultra-low power consumption, no magnetic interference, and constant
field of view, enabling better imaging system performance and new user
experiences compared to alternative technologies.  poLight is based in Horten,
Norway, with employees in Finland, France, UK, US, China, Taiwan, and the
Philippines. For more information, please visit https://www.polight.com.

This information is published in accordance with the requirements of Oslo
Rulebook II.