Tromsø, Norway, June 17, 2024 - ArcticZymes Technologies ASA (OSE: AZT) has
today executed a contract with The Research Council of Norway, securing up to
11.8 MNOK for a collaborative project aimed at supporting the advanced therapy
biomanufacturing sector.

This follows a previously announced research grant awarded by the Norwegian
Research Council. The agreements with the Norwegian Research Council and the
project partners, the University of Tromsø - The Arctic University of Norway,
and SINTEF Industri have now been finalized, marking the project's commencement.
The project has been named AdEPT - Advancing Enzymes for Precision Therapeutics
and will run from 2024 through 2027.

In recent years, ArcticZymes Technologies has successfully provided enzymes for
manufacturing viral vectors used in cell and gene therapy, as well as vaccines.
Viral vectors and nucleic acids like RNA and DNA are increasingly utilized in
advanced therapy medicinal products. Enzymes play a crucial role in the
manufacturing, analytics, and quality control of these therapeutic RNAs and
DNAs. However, significant technical challenges remain, including development
costs, commercial scale manufacturing, and sufficient quality for therapeutic
use. The project, AdEPT, aims to address these challenges by developing novel
enzyme solutions for the manufacturing and analysis of therapeutic RNA.