NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN CANADA,
JAPAN, AUSTRALIA 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 previous stock exchange announcements from poLight ASA
("poLight" or the "Company") regarding the Company's partially underwritten
rights issue of minimum 56,313,623 new shares and maximum 69,305,075 new shares
(the "Offer Shares"), 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.

The subscription period for the Rights Issue expired on 7 May 2024, at 16.30
hours (CEST). At the expiry of the subscription period in the Rights Issue, the
Company had received valid subscriptions for a total of 60,481,758 Offer Shares.
The Rights Issue was therefore oversubscribed by approximately 7.4% at the
minimum amount of Offer Shares. The final allocation of the Offer Shares has now
been completed based on the allocation criteria set out in the prospectus
prepared by the Company in connection with the Rights Issue, dated 22 April 2024
(the "Prospectus").

The final allocation shows that:

  · 50,048,137 Offer Shares have been allocated based on validly exercised
subscription rights during the subscription period (equivalent to approx. 72.2%
of the issued subscription rights)