Observe Medical ASA: Annual report for 2019

Attached Observe Medical ASA`s annual report for 2019. The report is also available on the company's website, www.observemedical.com

The annual report was reviewed and approved by the board of directors on 29 April 2020. The final financial statements included in the annual report has no significant changes since the preliminary results for the full year 2019 reported on 25 February 2020.

For further information, please contact:

Björn Larsson, CEO. Mobile: +46 76 620 17 25 E-mail: bjorn.larsson@observemedical.com

Per Arne Nygård, CFO Mobile: +47 411 04 345 E-mail: perarne.nygard@observemedical.com

About Observe Medical: Observe Medical ASA is listed on Oslo Stock Exchange (ticker OBSERV) develops and markets innovative hospital products that contribute to increased patient safety and a more efficient care system. The company headquarter is in Oslo and its operations are based out of Sweden. Observe Medical's initial product is Sippi®, the only automated digital urine meter with wireless data transfer to the hospital patient data management systems, and also hinders bacterial migration that can lead to urinary infections (SippCoat®). Sippi® is CE marked and is currently being launched at selected hospitals in Europe. www.observemedical.com