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Regulatory press release

Hofseth Biocare ASA: DISCLOSURE OF LARGE SHAREHOLDING

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

Reference is made to the mandatory notification of trade by Hofseth
International AS announced on 27 November 2023.

As a result of the purchase of 435,207 shares in the Hofseth BioCare ASA (the
"Company"), Hofseth International AS will surpass a holding of 15% of the
outstanding shares and votes in the Company. Following the transaction, Hofseth
International AS will hold 59,611,772 shares in the Company, corresponding to
15.09% of the total outstanding shares and votes in the Company.

Hofseth International AS is a company controlled by Roger Hofseth (through RH
Industri AS and RH Investments AS). The transaction does not imply that Roger
Hofseth and associated parties surpass a notifiable threshold. Following the
transaction, Roger Hofseth and associated parties will hold 129,111,962 shares
in the Company, corresponding to 32.68% of the total outstanding shares and
votes in the Company.

This information is subject of the disclosure requirements pursuant to section
4-2 of the Norwegian Securities Trading Act.
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