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Regulatory press release

Observe Medical - First shipment of UnoMeter[TM] 500 products

Observe Medical
Oslo, October 26, 2023 - Observe Medical ("the Company" or "Observe Medical")
today announces the shipment of the first UnoMeter[TM] 500 products to
distributors in Poland and Spain.

Containers carrying over 96,000 UnoMeterTM 500 products are now loaded at our
OEM factory and set to ship on October 30th, which build upon the previous stock
announcement regarding signed orders for UnoMeterTM products. The Company
expects continuous deliveries to the European market throughout the fourth
quarter of this year.

"We are excited to finally begin the delivery of UnoMeterTM 500 products to our
distributors in Poland and Spain. This marks a significant milestone for Observe
Medical in our mission to provide top-quality products to the global market"
said Observe Medical CEO, Rune Nystad.

For further information, please contact:

Rune Nystad, CEO Observe Medical
Mobile: +47 916 24 683
E-mail: rune.nystad@observemedical.com

Per Arne Nygård, CFO Observe Medical
Mobile: +47 411 04 345
E-mail: perarne.nygard@observemedical.com

About Observe Medical

Observe Medical is a Nordic medtech company that develops, markets and sells
innovative medtech products for the global market. The Company is committed to
improving patient welfare and patient outcomes, improving clinical data accuracy
and promoting positive health economics.

The Company seeks to drive growth by leveraging its expertise in sales and
commercialization of its broad portfolio of medical technology products, mainly
in urine measurement, ultrasound, anesthesiology/ICUs, surgery and wound care,
in combination with targeted M&A.

The Company is headquartered in Oslo, Norway, with additional offices in Narvik,
Norway and Gothenburg, Sweden, and subsidiaries in Finland and the US. In
addition, Observe Medical has a direct sale organization in the Nordics and a
distributor network internationally.

Further information is available at www.observemedical.com.
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