polight asa – LAST day of subscription period in the subsequent offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange announcement from poLight ASA (the "Company") on 3 June 2020 regarding the commencement of the subscription period in the subsequent offering of up to 181,818 new shares (the "Offer Shares"), each at a subscription price of NOK 55 (the "Subsequent Offering").

The subscription period for the Subsequent Offering will expire today, 16 June 2020, at 16:30 hours (CEST). Correctly completed subscription forms must be received by one of the subscription offices, or, in the case of online subscriptions, be registered, within this deadline.

Please note that subscription rights that are not used to subscribe for Offer Shares within the deadline will have no value and will lapse without compensation to the holder.

For more information about the Subsequent Offering, please refer to the prospectus of the Company dated 29 May 2020 (the "Prospectus"). The Prospectus including the subscription form is available at the following websites: www.polight.com, www.abgsc.no and www.arctic.com.

ABG Sundal Collier ASA and Arctic Securities AS act as managers in the Subsequent Offering. Advokatfirmaet CLP DA acts as Norwegian legal counsel to the Company.

For additional information, please contact:

Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98

About poLight ASA

poLight offers a new autofocus lens which "replicates" the human eye for use in devices such as smartphones, wearables, barcode, machine vision systems and various medical equipment. poLight's TLens® enables better system performance and new user experiences due to benefits such as extremely fast focus, small footprint, no magnetic interference, low power consumption and constant field of view. poLight is based in Horten, Norway, with offices in Finland, France and China and representation in Taiwan and Korea. For more information, please visit https://www.polight.com

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.