Circio Holding ASA - Technical adjustment to item 7 in the Notice of the Extraordinary General Meeting to be held on 27 September 2023

Reference is made to the stock exchange announcement published on 6 September 2023 and the notice of an extraordinary general meeting of Circio Holding ASA (the "Company") to be held on 27 September 2023 attached to that announcement (the "EGM Notice").

As a consequence of the conversion of outstanding convertible bonds requested on 14 September 2023 (ref the Company's announcement on that date), the Company's board of directors (the "Board") has resolved to propose adjustments to item 7 (share capital decrease) of the EGM Notice. The adjustments are of a pure technical nature and described below, and will not have any practical or financial implications for shareholders.

The Board proposes that the reduction amount shall be NOK 2.4 per share and not NOK 2.5 as proposed in the EGM Notice. Consequently, the total reduction amount shall be NOK 17,192,982.64 instead of NOK 16,840,982.50 as written in the EGM Notice. Hence the nominal value will be NOK 0.6 instead of NOK 0.5 as proposed in the EGM Notice. The adjustments are necessary to retain the share capital reduction amount within the amount of accumulated losses, as of 31 December 2022, which cannot be covered by any other means. This is a requirement for the share capital reduction to be completed without a creditor notice period.

For further information, please contact:
Erik Digman Wiklund, CEO
Phone: +47 413 33 536
Email: erik.wiklund@circio.com

Renate Birkeli, Investor Relations
Phone: +47 922 61 624
Email: renate.birkeli@circio.com