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Regulatory press release

ArcticZymes Technologies ASA: Primary insider exercising options

ArcticZymes Technologies
Tromsø, Norway, 13 June 2023 - With reference to stock exchange announcement
regarding capital increase and exercise of options published today, 13 June
2023, CFO Børge Sørvoll has exercised 200,000 options at a strike price of NOK
8,00 per share.

CFO Børge Sørvoll has intention to sell 130,000 shares to cover the tax
obligation and the strike price following the exercise.

Following the transaction, CFO Børge Sørvoll has 225.428 shares and 180.000
options in ArcticZymes Technoloiges ASA

The information included in this announcement is such that the Company
is required to disclose in accordance with the EU Market Abuse Regulation
(MAR) section and 19 and section 5-12 of the Norwegian Securities Trading Act.

The announcement is made by CFO Børge Sørvoll, 13 June 2023, at 1140 CET.

For more information, please contact:

ArcticZymes Technologies

CFO,
Børge Sørvoll
Tel: +47 95 29 01 87
ir@arcticzymes.com
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