polight ASA: SHARE CAPITAL INCREASE REGISTERED

Reference is made to the private placement of 727,273 new shares, as announced on 16 April 2020 (the "Private Placement").

The share capital increase relating to the Private Placement has now been registered with the Norwegian Register of Business Enterprises. The share capital has been increased with NOK 145,454.60 through issuance of 727,273 new shares, each with a par value of NOK 0.20.

The new share capital is thus NOK 1,768,773.00 divided by 8,843,865 shares, each with a par value of NOK 0.20.

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

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