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Regulatory press release

ArcticZymes Technologies announces closing of Biotec BetaGlucans divestment

ArcticZymes Technologies
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Tromsø, Norway, 31. December 2020. With reference to announcement made on 14. December 2020, ArcticZymes Technologies ASA (AZT) announces closing of the Biotec BetaGlucans AS divestment.

Under the terms of the share purchase agreement (SPA) signed between ArcticZymes Technologies ASA and Lallemand Inc's subsidiary, Danstar Ferment AG, all closing conditions are fulfilled. In line with the SPA, ArcticZymes Technologies has today received a consideration of NOK 70 million on a cash free, debt-free basis. Closing of customary accounts adjustments will be completed when annual figures are finalised.

For more information, please contact:

ArcticZymes Technologies
Børge Sørvoll, CFO
Tel: +47 95 29 01 87
email: borge.sorvoll@arcticzymes.com
About ArcticZymes Technologies ASA
ArcticZymes Technologies is a Norwegian life sciences company focused on the development, manufacturing and commercialization of novel recombinant enzymes for use in molecular research, In Vitro Diagnostics (IVD) and therapeutics. Listed on the Oslo Stock Exchange since 2005 originally under the [Biotec] ticker, as Biotec Pharmacon. The company rebranded as ArcticZymes Technologies in 2020 under the [AZT] ticker. Its headquarters are based in Tromsø, Norway, at the SIVA Innovation Centre. ArcticZymes Technologies' unique IP and capabilities are protected via a large portfolio of patents. For more information, please visit the website: www.arcticzymes.com

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