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 a partially underwritten rights issue of
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 in the Rights Issue starts today, 23 April 2024, at
09.00 CEST. Certain information about the Rights Issue is set out below. The
complete terms and conditions of the Rights Issue are set out in the Prospectus
(as defined below).

Pareto Securities AS is acting as manager for the Rights Issue (the "Manager").

Allocation and grant of Subscription Rights

The holders of the Company's shares as of 18 April 2024, as registered with the
Norwegian Central Securities Depository (the "VPS") as of the expiry of 22 April
2024 (the "Record Date") (the "Existing Shareholders"), will be granted
transferable subscription rights (the "Subscription Rights") that, subject to
applicable law, provide preferential rights to subscribe for and be allocated
Offer Shares in the Rights Issue at the subscription price of NOK 2.3085 (the
"Subscription Price").

Each Existing Shareholder has been granted 1.046782 Subscription Rights for
every one (1) existing share registered as held by such Existing Shareholder as
of the Record Date, rounded down to the nearest whole Subscription Right. The
Subscription Rights will be distributed free of charge to the Existing
Shareholders' VPS accounts.

Each whole Subscription Right will, subject to applicable law, give the right to
subscribe for and be allocated, one Offer Share. Oversubscription with
Subscription Rights will be permitted, however, there can be no assurance that
Offer Shares will be allocated for such subscriptions. The Underwriters will
have a preferential right to subscribe for and be allocated Offer Shares that
have not been subscribed for based on allocated or acquired Subscription Rights.
Other than subscriptions from the Underwriters (as defined below), subscription
without Subscription Rights is not permitted.

The grant or purchase of Subscription Rights and the subscription of Offer
Shares by persons resident in, or who are citizens of countries other than
Norway and Denmark, may be affected by laws of the relevant jurisdiction. No
Offer Shares or Subscription Rights will be offered or sold in the United
States. For a further description of such restrictions, please refer to Section
11.8 "Subscription Rights" and Section 12 "Selling and Transfer Restrictions" of
the prospectus prepared by the Company dated 22 April 2024 (the "Prospectus").
The Prospectus is, subject to applicable local securities laws, available at the
websites of