Mandatory notification of trade by primary insiders

Reference is made to the announcement by Tekna Holding AS, where it announced the successful completion of a private placement of NOK 750 million. The Private Placement consisted of 24,074,074 new shares (the "New Shares") at NOK 27 per share (the “Offer Price”) raising gross proceeds of approximately NOK 650 million and an over-allotment of 3,703,703 additional shares (the "Additional Shares", and together with the New Shares, the "Private Placement Shares"), representing 15 percent of the New Shares allocated in the Private Placement and bringing total gross proceeds raised in the Private Placement to NOK 750 million. The following primary insiders have been allocated Offer Shares as follows: i. Oavik Capital AS, fully owned by chair of the Board in Tekna Holding AS and CEO at AFK, Ørjan Svanevik, 50,000 Offer shares. Following this transaction, Oavik Capital AS owns 50,000 shares in Tekna Holding AS. ii. Board member in Tekna Holding AS and CFO at AFK, Lars Peder Fensli, 40,000 Offer shares. Following this transaction, Fensli owns 40,000 shares in Tekna Holding AS. iii. Board member in Tekna Holding AS and EVP at AFK, Torkil Mogstad, 40,000 Offer Shares. Following this transaction, Mogstad owns 40,000 shares in Tekna Holding AS. iv. CEO in Tekna Holding AS and EVP at AFK, Morten Henriksen, 40,000 Offer shares. Following this transaction, Henriksen owns 40,000 shares in Tekna Holding AS. The transaction is dated 23.03.2021. Please refer to the attached notifications of trading for further details. For more information, please contact: Luc Dionne, Chief Executive Officer Tekna Canada Email: Luc.Dionne@tekna.com Tel: +1-819-570-1651 Morten Henriksen, Chairman Tekna Canada and CEO Tekna Holding AS Email: morten.henriksen@arendalsfoss.no Tel: +47 916 28 871