Circio Holding ASA - Exercise of subscription rights in the rights issue by primary insiders

Oslo, 28 January 2026: Reference is made to the stock exchange announcements by Circio Holding ASA (the "Company") on 15 January 2026, regarding the commencement of the subscription period for the rights issue (the "Rights Issue") and the receipt of subscription rights in the Rights Issue by certain primary insiders and close associates.

Certain primary insiders and close associates have on the dates as stated below, exercised subscription rights and subscribed for shares:

Victor Levitsky, Chief Scientific Officer of the Company has on 26 January 2026 exercised 32,698 subscription rights, thus entitling him to be allocated 32,698 offer shares in the Rights Issue. In addition, Victor Levitsky has subscribed for 217,302 offer shares without subscription rights, thereby subscribing for a total of 250,000 offer shares at the subscription price in the Rights Issue, i.e., NOK 1.00 per offer share, and to be allocated a corresponding number in warrants without additional consideration, subject to allocation by the board of directors and the completion of the Rights Issue.Sølen AS, a closely associated company of Thomas Falck, Board member of the Company has on 27 January 2026 exercised 65,164 subscription rights, thus entitling the company to be allocated 65,164 offer shares in the Rights Issue. In addition, Sølen AS has subscribed for 134,836 offer shares without subscription rights, thereby subscribing for a total of 200,000 offer shares at the subscription price in the Rights Issue, i.e., NOK 1.00 per offer share, and to be allocated a corresponding number in warrants without additional consideration, subject to allocation by the board of directors and the completion of the Rights Issue.

Please see the attached notifications of trade for information regarding the subscription rights exercised by primary insiders in the Rights Issue.

This information is subject to the disclosure requirements pursuant to article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.