Prospectus

Further reference is made to the stock exchange announcement by the Company on 24 May 2024 regarding the approval of a share capital increase associated with the conversion of a convertible loan of NOK 6 million, plus accrued interest, and the resulting issuance of a total of 12,439,921 new shares in the Company. Further, there are in existence convertible loans in the total principal amount of NOK 2,500,000, as resolved by the Extraordinary General Meeting on 10 November 2023. The shares issuable upon conversion of such convertible loans plus accrued interest, which would amount to a maximum of 5,117,546 new shares, and the above-mentioned 12,439,921 new shares already issued, are referred to as the "Convertible Loan Shares". The listing of the Convertible Loan Shares on Oslo Børs remained subject to approval of a Prospectus by the FSA.

The FSA has approved the Prospectus, which has been prepared by the Company for the listing on Oslo Børs of the Private Placement Shares and Convertible Loan Shares.

The Prospectus can be downloaded by clicking the below link. Printed copies of the Prospectus may be obtained free of charge at the offices of the Company's law firm Ræder Bing advokatfirma AS.

Further reference is made to the Extraordinary General Meeting held on 10 November 2023 approving the issuance of the Tranche 2 Shares and the Subsequent Offering.

The Financial Supervisory Authority of Norway has approved the prospectus, which has been prepared by the Company for the listing on Oslo Børs of the Tranche 2 Shares and the offering of the Offer Shares in the Subsequent Offering (the "Prospectus").

The Prospectus can be downloaded by clicking the link below. Printed copies of the Prospectus may be obtained free of charge at the offices of the Company's law firm Ræder Bing advokatfirma AS.

Further reference is made to the Extraordinary General Meeting held on 11 July 2023 approving the issuance of the Tranche 2 Shares and the Subsequent Offering, as well as the amendment of the terms of the convertible loans issued by the Company pursuant to resolution by the Extraordinary General Meeting dated 17 August 2022 (the "Convertible Loans").

The Financial Supervisory Authority of Norway has approved the prospectus, which has been prepared by the Company for the listing on Oslo Børs of the Tranche 2 Shares and the listing of up to 467,900,000 shares that may be issued upon conversion of Convertible Loans in the Company, and the offering of the Offer Shares in the Subsequent Offering (the "Prospectus").

The Prospectus can be downloaded by clicking the link below. Printed copies of the Prospectus may be obtained free of charge at the offices of the Company's law firm Advokatfirmaet Ræder AS.

The Financial Supervisory Authority of Norway (Norwegian: Finanstilsynet) has approved a listing prospectus dated 25 April 2023 for the listing of 500,000,000 new shares on Oslo Børs, equal to the number of new shares in private placement. As a result of the approved prospectus, the 500,000,000 new shares will be listed on Oslo Børs on 26 April 2023.

The Prospectus can be downloaded by clicking the link below. Printed copies of the Prospectus may be obtained free of charge at the offices of the Company's law firm Advokatfirmaet Ræder AS.

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

The Financial Supervisory Authority of Norway (Norwegian: Finanstilsynet) has approved a listing prospectus dated 21 December 2022 for the listing of 9,243,817 new shares on Oslo Børs, equal to the number of new shares in Tranche 2. As a result of the approved prospectus, the 9,243,817 new shares will be listed on Oslo Børs on 22 December 2022.

The prospectus also covers the listing of up to 15,596,666 shares that may be issued upon conversion of convertible loans in the Company.

The Prospectus can be downloaded by clicking the link below. Printed copies of the Prospectus may be obtained free of charge at the offices of the Company's law firm Advokatfirmaet Ræder AS.

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

The Financial Supervisory Authority of Norway (Norwegian: Finanstilsynet) has approved a listing prospectus dated 26 March 2021 for the listing of 68,922,869 new shares on Oslo Børs. The delivery of shares allocated in the Private Placement was settled with existing, unencumbered and already listed shares in the Company, pursuant to a share lending agreement entered into between the Managers (SEB and SpareBank 1 Markets), a certain existing shareholder and the Company. The Managers will settle the share loan with the new shares issued by the Company, the listing of which will be subject to the publication of a listing prospectus. As a result of the approved prospectus, the new shares will be listed on Oslo Børs on 29 March 2021.

The prospectus also covers the listing of up to 679,182,172 shares that may be issued upon exercises of issued and outstanding Warrants B and Warrants C in the Company.

The Prospectus can be downloaded by clicking the link below. Printed copies of the Prospectus may be obtained free of charge at the offices of the Company's law firm Advokatfirmaet Ræder AS.

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

Further reference is made to the Extraordinary General Meeting held 19 August 2020 approving the Private Placement, and a subsequent repair offering raising up to approximately NOK 10 million through the offering of up to 66,666,666 shares (the "Offer Shares") on similar terms as the Private Placement (the "Subsequent Offering"). The Extraordinary General Meeting also approved the issuance of one warrant for every share subscribed for and allocated to a subscriber in the Private Placement and Subsequent Offering (the "Warrant"), such Warrant having an exercise price of NOK 0.25 per share and being exercisable at any time from 31 March until 30 June 2021.

The Financial Supervisory Authority of Norway (the "Norwegian FSA") has approved the Prospectus, which has been prepared by the Company for the listing on Oslo Børs of the 333,866,666 new shares issued in the Company in the Private Placement and the offer and listing of up to 66,666,666 Offer Shares in the Subsequent Offering, for a subscription price per Offer Share of NOK 0.15.

The Prospectus can be downloaded by clicking the link below. Printed copies of the Prospectus may be obtained free of charge at the offices of the Company's law firm Advokatfirmaet Ræder AS. As a result of the above, the subscription period for the Subsequent Offering starts on 1 September 2020 and expires on 15 September 2020 at 16:30 CET. Each Eligible Shareholder has been granted 0.337792737987746 transferable subscription rights ("Subscription Rights") for every share owned in the Company as of the Record Date. Each Subscription Right gives the shareholder the preferential right to subscribe for and be allocated one (1) Offer Share in the Subsequent Offering. A right to subscribe for a fraction of a share shall be rounded down to the nearest whole share. Oversubscriptions and subscriptions without Subscription Rights will be allowed, however, there can be no assurances that Offer Shares will be allocated based on such subscriptions. Subscription Rights not used to subscribe for Offer Shares during the subscription period will have no value after the end of the subscription period and will lapse without compensation to the holder.

The Subscription Rights, Offer Shares and Warrants have not been registered, and will not be registered, under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered, sold, taken up, exercised, resold, delivered or transferred, directly or indirectly, within the United States, except pursuant to an applicable exemption from the registration requirements of the U.S. Securities Act and in compliance with the securities laws of any state or other jurisdiction of the United States. The Subscription Rights, Offer Shares and Warrants have not been and will not be registered under the applicable securities laws of Australia, Canada or Japan and may not be offered, sold, taken up, exercised, resold, delivered or transferred, directly or indirectly, in or into Australia, Canada or Japan, except pursuant to an applicable exemption from the registration requirements and otherwise in compliance with the securities laws of such country, or any other jurisdiction in which it would not be permissible to offer the Offer Shares.

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

Reference is also made to the stock exchange notice published on 20 May 2020 regarding the Company's resolution to proceed with the Subsequent Offering.

The Norwegian FSA has approved the Prospectus that has been prepared by the Company for the listing on Oslo Børs of the 227,272,727 shares issued in the Company in the Private Placement and the offer and listing of up to 63,636,363 Offer Shares in the Subsequent Offering, for a subscription price per Offer Share of NOK 0.11 (which is equal to the subscription price per share in the Private Placement).

Each Offer Share will be granted two warrants ("Warrants"), where the first Warrant ("Warrant A") will have an exercise price of NOK 0.11 per share and be exercisable at any time from the date of grant until 31 December 2020, and the second Warrant ("Warrant B") will have an exercise price of NOK 0.25 and be exercisable at any time from the date of grant until 20 August 2021.

The Prospectus can be downloaded by clicking the link below. Printed copies of the Prospectus may be obtained free of charge at the offices of the Company's law firm Advokatfirmaet Ræder AS. As a result of the above, the subscription period for the Subsequent Offering starts on 15 June 2020 and expires on 29 June 2020 at 16:30 CET. Each Eligible Shareholder has been granted 1,11458462 transferable subscription rights ("Subscription Rights") for every share owned in the Company as of the Record Date. Each Subscription Right gives the shareholder the preferential right to subscribe for and be allocated one (1) Offer Share in the Subsequent Offering. Oversubscriptions and subscriptions without Subscription Rights will be allowed, however, there can be no assurances that Offer Shares will be allocated based on such subscriptions. Subscription Rights not used to subscribe for Offer Shares during the subscription period will have no value after the end of the subscription period and will lapse without compensation to the holder.

The Subscription Rights, Offer Shares and Warrants have not been registered, and will not be registered, under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered, sold, taken up, exercised, resold, delivered or transferred, directly or indirectly, within the United States, except pursuant to an applicable exemption from the registration requirements of the U.S. Securities Act and in compliance with the securities laws of any state or other jurisdiction of the United States. The Subscription Rights, Offer Shares and Warrants have not been and will not be registered under the applicable securities laws of Australia, Canada or Japan and may not be offered, sold, taken up, exercised, resold, delivered or transferred, directly or indirectly, in or into Australia, Canada or Japan, except pursuant to an applicable exemption from the registration requirements and otherwise in compliance with the securities laws of such country, or any other jurisdiction in which it would not be permissible to offer the Offer Shares.

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