Reference is made to the stock exchange release by SoftOx Solutions AS (the
“Company” or “SoftOx” with Merkur ticker: “SOFTOX-ME”) on 21 December 2018
regarding successful private placement (the “Private Placement”) of new shares
in the Company.

SoftOx is pleased to announce that the Company has successfully completed a NOK
15 million Private Placement with the support from new and existing
shareholders. In addition, the general assembly held at the 2nd, of January
2019, accepted additional private placement of NOK 3,162 million ending at a
total of NOK 18.162.100. The Private Placement consists of 825 550 new shares,
each at a subscription price of NOK 22.

The following primary insiders of the Company have been conditionally allocated
shares in the Private Placement:

•	Hermod Finans AS, a company fully owned by an affiliate of Geir
Almås, Chief Executive Officer: 91,000 shares. Geir Almås and affiliates
controls after the share issue 788,750 shares.
•	Dinge Invest AS, a company fully owned by Kristian Almås and family,
Non-executive member of the Board: 286.805 shares. Kristian Almås and affiliates
controls after the share issue 1,641,755 shares, after a post issue adjustment
of 59.850 sold for NOK 22 per share reported January 4th.
•	Loyd AS, a company fully owned by Lars Johan Frigstad, Chairman of the board:
16,000
shares. Lars Johan Frigstad controls after the share issue 135.250 shares.
•	Glenn Gundersen, Director Medical Affairs: 7,500 shares. Glenn Gundersen
controls after the 
share issue 15,000 shares.

Completion of the Private Placement is conditional upon the Offer Shares having
been fully paid and legally issued. Following issuance of the Offer Shares, the
Company will have an issued share capital of NOK 92 084 divided into 4,604,200
common shares, each with a nominal value of NOK 0,02.

SpareBank 1 Markets AS acted as manager in the Private Placement. 

For further information, please contact:
Mr. Geir H. Almås, CEO, tel: +47 977 59 071, e-mail:
geir.almaas@soft-ox.com