CrayoNano AS Registration of Share Capital Increase

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Trondheim, Norway—Reference is made to the announcement from CrayoNano AS ("CrayoNano" or the "Company") on 4 July 2024 regarding the board of directors of the Company's decision to allocate 221,973 new preference shares (the "Offer Shares") at a subscription price of NOK 14.00 per share in the subsequent offering following the private placement that was announced on 31 May 2024 (the "Subsequent Offering").

The share capital increase pertaining to the Subsequent Offering has been registered today. Following this the share capital of the Company is NOK 773,675.14, divided into 37,524,496 ordinary shares and 1,159,261 preference shares, each with a nominal value of NOK 0.02.

About CrayoNano AS

CrayoNano develops and manufactures nanomaterials-based semiconductor components using proprietary technologies. Headquartered in Trondheim, Norway with a branch office in Taiwan, CrayoNano supports our customers with global sales representatives and distributors in EMEA, APAC and Americas. CrayoNano’s innovative semiconductor components advance global solutions in health and safety, water purification, consumer, and industrial applications, and more. CrayoNano is registered on Euronext OTC in Norway under the ticker “CNANO”.