Observe Medical ASA: Registration of share capital increase following exercise of employee share options

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 Oslo, 4 September 2020: Reference is made to the stock exchange announcement by Observe Medical ASA (the "Company") on 31 August 2020 regarding the exercise of employee share options and issue of 171,875 new shares in the Company. The NOK 44,687.50 share capital increase pertaining to the exercise of the employee share options has now been registered with the Norwegian Register of Business Enterprises. The new share capital of the Company is NOK 5,097,418.82 divided into 19,605,457 shares, each with a par value of NOK 0.26.

For further information, please contact:

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

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

About Observe Medical

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