Aqua Bio Technology (ABT) buys all rights to Moana Skincare and integrates backwards into the value chain.

ABT has been a distributor of products from Moana Skincare since 2017 and has
had exclusive distribution rights in Europe, the Middle East and Africa. ABT now
acquires all rights to Moana Skincare and integrates backwards in the value
chain. The acquisition gives ABT control over the entire value chain from
production to global distribution. ABT will maintain its local presence and
knowledge by entering into an agreement with Moana Skincare New Zealand Limited
for the distribution of the products in New Zealand and Australia. Through the
acquisition, ABT further develops and strengthens its position as a supplier and
distributor of certified organic and natural skin care products, and ABT expects
to realize synergies through the utilization of its own and new market access.

Moana Skincare currently consists of a portfolio of 19 skin care products, most
of which are based on potent extracts from plants found in New Zealand's
unspoiled nature. These have been used in traditional medicine by the country's
indigenous people, the Maori, for centuries. The cornerstone of Moana Skincare's
skin care products is a certified organic red algae found only in the waters
around New Zealand. The products have a documented moisturizing effect that
lasts for a full 60 hours after application on the skin, which is several times
better than the competitors on the market. The series is also organically
certified according to one of the world's strictest standards. See the appendix
for a more detailed description of today's certified organic and natural skin
care products from Moana Skincare.

ABT will pay up to NOK 26.7 million for the rights to Moana Skincare with three
initial payments (NZD 500,000, NZD 250,000 and NZD 215 000) of approximately NOK
5.8 million (NZD 965,000) and a turnover-based payment of up to appr. NOK 20.6
million (Euro 1,95 million) based on a turnover for ABT of up to appr. NOK 211
million (Euro 20 million). In addition, ABT will pay a royalty of net sales the
first 5 years. The positive financial consequences of the acquisition will be
significant in the event of successful revenue growth.

- The acquisition of the rights to Moana Skincare fits very well into our
strategy of developing, marketing and selling natural products. Getting quality
products like Moana Skincare, which also holds an organic certification, into
our portfolio is another part of our goal of offering natural products to the
global cosmetics market. The company's board and management also have high
expectations that we will develop even more products that will benefit both
existing and new customers and distributors. The acquisition also brings
opportunities in Moana Skincare's already existing market in the Pacific region,
so there is also a good basis for creating further synergies. The acquisition of
Moana Skincare's rights is part of ABT's focus on global commercialization and
development of natural ingredients and natural skin care products, says Espen
Kvale, CEO of ABT.

For further information, please contact CEO Espen Kvale, 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 of the disclosure requirements pursuant to section
of 5-12 of the Norwegian Securities Trading Act.

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