ABT announces new distribution partner for skin care ingredient

Aqua Bio Technology ASA (ABT) has signed a Letter of Intent with Italian
cosmetics ingredient distributor Active Box. The aim is to form a partnership,
where Active Box will market ABT's new skin care ingredient Spirulysat® to
cosmetics manufacturers in eight European countries.

Spirulysat® is an active, natural ingredient based on the green algae spirulina,
containing antioxidants and vitamins, and with documented positive effects on
the skin. The ingredient is developed and clinically tested in a collaboration
between AlgoSource of France and ABT, and was launched last year. The planned
cooperation with Active Box is ABT's first step in the commercialization of
Spirulysat®.

Based in Italy's fashion and beauty capital Milan, Active Box has an extensive
network among European cosmetics manufacturers and enjoys a strong reputation in
the industry. Active Box will market Spirulysat® to brand owners in Italy,
Switzerland, the Czech Republic, Belarus, Ukraine and the three Baltic countries
Lithuania, Latvia and Estonia.

ABT is currently pursuing additional partner opportunities in other territories
and expects Spirulysat® to start generating revenues in the second half of 2019.

For further information, please call Espen Kvale, acting CEO, telephone
+47 9162 8092.

Aqua   Bio  Technology  (ABT)  is  developing  and  commercializing  sustainable
biotechnology  for use  in skin  care products.  ABT's cosmetics ingredients are
highly   effective   and  they  provide  the  cosmetics  industry  with  natural
alternatives  to traditional ingredients. ABT is also marketing and distributing
natural   skin  care  products  developed  by  partners  towards  consumers  and
professional  users. Aqua Bio  Technology is listed  on the Axess  market of the
Oslo Stock Exchange.

This  information is subject to the  disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act