NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE
PEOPLE'S REPUBLIC OF CHINA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

(Arendal, Norway / Sherbrooke QC, Canada - 12 November 2025)

Reference is made to the stock exchange announcement published by Tekna Holding
ASA (the "Company") on 22 October 2025 regarding a fully underwritten rights
issue, to raise gross proceeds of NOK 300 million (the "Rights Issue").
Completion of the Rights Issue is subject to approval by an extraordinary
general meeting of the Company to be held on 13 November 2025 at 12:00 CET (the
"EGM").

The board of directors of the Company has now, in consultation with Arctic
Securities AS (the "Manager"), determined the proposed subscription price for
the new shares to be offered in the Rights Issue (the "Offer Shares"), and thus
also determined the number of subscription rights and Offer Shares to be issued
and the corresponding amount of the share capital increase pursuant to the
underwriting agreement entered into by the Company with the underwriter of the
Rights Issue. The proposed subscription price per Offer Share is NOK 3.00 which
corresponds to the volume-weighted average price (VWAP) of the Company's shares
over a period of ten trading days ending on 11 November 2025, less a discount of
25%. On that basis, a total of 100,000,000 new shares will be offered in the
Rights Issue.

The board of directors of the Company has also decided to propose that
subscription in the Rights Issue without subscription rights should be
permitted.

Attached to this announcement is an updated version of the proposed resolutions
concerning the Rights Issue to be approved at the EGM. The updated resolutions,
which replace those previously included in the EGM Notice, now specify (i) the
amount of the share capital increase pertaining to the Rights Issue, (ii) the
number of Offer Shares, (iii) the subscription price per Offer Share, (iv) that
subscription without subscription rights is permitted and (v) the amount of the
preceding share capital decrease.

This information is published in accordance with the requirements of the
Euronext Oslo Børs' Continuing Obligations.


CONTACTS

* Arina van Oost, Investor Relations | VP Corporate Strategic Development, +33
67011 5190, Investors@tekna.com
* Dag Teigland, Chair of Tekna Holding ASA, +47 950 53 008 
 

ABOUT TEKNA HOLDING ASA

Tekna is a world-leading provider of sustainable, advanced material solutions,
headquartered in Sherbrooke, Canada. The company specializes in high-purity
metal powders used in critical applications such as additive manufacturing (3D
printing) across the aerospace, defense, medical and consumer electronics
industries. The company is positioning itself in the fast-growing market of
advanced nanomaterials for the microelectronics sector. 

Tekna also develops cutting-edge induction plasma systems designed for both
industrial research and production. Its unique, IP-protected plasma technology
is powering its hypersonic wind tunnels, PlasmaSonic, which enable simulating
material exposure conditions in space. 

With over 30 years of experience, Tekna is a trusted partner to a broad
portfolio of multinational blue-chip customers for its high-quality products and
innovation. Its material solutions help enhance productivity, enable more
efficient use of materials and support the transition to more resilient supply
chains and a circular economy. 

https://www.tekna.com 

Follow us on LinkedIn: https://www.linkedin.com/company/1358990/
#investinTekna


- IMPORTANT INFORMATION - 

This announcement does not constitute an offer of securities for sale or a
solicitation of an offer to purchase securities of the Company in the United
States or any other jurisdiction. Copies of this document may not be sent to
jurisdictions, or distributed in or sent from jurisdictions, in which this is
barred or prohibited by law. The securities of the Company may not be offered or
sold in the United States absent registration or an exemption from registration
under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act").
The securities of the Company have not been, and will not be, registered under
the U.S. Securities Act. Any sale in the United States of the securities
mentioned in this communication will be made solely to "qualified institutional
buyers" as defined in Rule 144A under the U.S. Securities Act. No public
offering of the securities will be made in the United States. 

Any offering of the securities referred to in this announcement will be made by
means of the Prospectus. This announcement is an advertisement and is not a
prospectus for the purposes of Regulation (EU) 2017/1129 of the European
Parliament and of the Council of 14 June 2017 on prospectuses to be published
when securities are offered to the public or admitted to trading on a regulated
market, and repealing Directive 2003/71/EC (as amended) as implemented in any
EEA Member State (the "Prospectus Regulation"). Investors should not subscribe
for any securities referred to in this announcement except on the basis of
information contained in the Prospectus. Copies of the Prospectus will,
following publication, be available from the Company's registered office and,
subject to certain exceptions, on the websites of the Manager. 

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
Prospectus Regulation, i.e., only to investors who can receive the offer without
an approved prospectus in such EEA Member State. In the United Kingdom, this
communication is only addressed to and is only directed at Qualified Investors
who (i) are investment professionals falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as
amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to
(d) of the Order (high net worth companies, unincorporated associations, etc.)
(all such persons together being referred to as "Relevant Persons"). These
materials are directed only at Relevant Persons and must not be acted on or
relied on by persons who are not Relevant Persons. Any investment or investment
activity to which this announcement relates is available only to Relevant
Persons and will be engaged in only with Relevant Persons. Persons distributing
this communication must satisfy themselves that it is lawful to do so. 

This document is not for publication or distribution in, directly or indirectly,
Australia, Canada, Japan, the United States or any other jurisdiction in which
such release, publication or distribution would be unlawful, and it does not
constitute an offer or invitation to subscribe for or purchase any securities in
such countries or in any other jurisdiction. In particular, the document and the
information contained herein should not be distributed or otherwise transmitted
into the United States or to publications with a general circulation in the
United States of America. 

The Manager is acting for the Company in connection with the Rights Issue and no
one else and will not be responsible to anyone other than the Company for
providing the protections afforded to its respective clients or for providing
advice in relation to the Rights Issue or any transaction or arrangement
referred to in this announcement. 

Matters discussed in this announcement may constitute forward-looking
statements. Forward looking statements are statements that are not historical
facts and may be identified by words such as "anticipate", "believe",
"continue", "estimate", "expect", "intends", "may", "should", "will" and similar
expressions. The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further assumptions.


Although the Company believes that these assumptions were reasonable when made,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. Such risks, uncertainties,
contingencies and other important factors could cause actual events to differ
materially from the expectations expressed or implied in this release by such
forwardlooking statements. The information, opinions and forward-looking
statements contained in this announcement speak only as at its date and are
subject to change without notice. This announcement is made by and is the
responsibility of, the Company. Neither the Manager nor any of its respective
affiliates makes any representation as to the accuracy or completeness of this
announcement and none of them accepts any responsibility for the contents of
this announcement or any matters referred to herein. 

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. No reliance may be
placed for any purpose on the information contained in this announcement or its
accuracy, fairness or completeness. Neither the Manager nor any of its
respective affiliates accepts any liability arising from the use of this
announcement.