Lifecare semi-annual report – strategic measures lead to strong increase in external revenue and increased operational capacity

Bergen, 25 August 2022.

Today, Lifecare present strong financial results following the first half-yearwith operational activities in two German subsidiaries as part of the LifecareGroup. The external revenue in 1H 2022 reached a total of 8,7MNOK, representingan increase of +8,7MNOK from 1H 2021 (from 0,0 MNOK) and +7,1MNOK from EY 2021(from 1,6MNOK). A steep increase in operational activities in the Lifecare Groupled to increases in salaries and other operational activities.

The successful integration of operational subsidiaries in Germany has led toincreased operational capacity. The restructured organization has proved itscapacity and efficiency achieving the major technical milestones of (1)reproducible and stable in-vitro testing of miniaturized prototype-sensors and(2) initiation of first-in-human clinical pilot study, as announced in June2022.

Lifecare's semi-annual report is available for downloading here:

Lifecare AS will host an online presentation of the 1H 2022 semi-annual resultstoday (25 August) at 13:00 - 14:00 CET. All shareholders and other interestedparties are welcome to participate in the webcast. Lifecare CEO Joacim Holterwill present H1 2022 financial results and company status and will together withLifecare CSO Prof. Andreas Pfützner be available in a Q&A session following thepresentation. The webcast will be available here: Questions can be posted during the event or send in advance to:

Contact: Joacim Holter, CEO, tel. +47 40059050, epost:

This information is subject to the disclosure requirements pursuant to Section5-12 the Norwegian Securities Trading Act. This stock exchange announcement waspublished by Joacim Holter, Lifecare CEO, on 25 August 2022 at 08:30 CET.