Oversubscribed Private Placement of €1.42 Million

The Board of Directors of ConceptoMed AS
have the pleasure of announcing the successful completion of a private
placement of equity in ConceptoMed AS. The share issue was oversubscribed and
provided the company with 12 new shareholders. Gross proceeds from the private
placement amounted to NOK 11,550,000 (€1.42 Million)

– We are pleased to note the considerable
interest in the recently concluded placement in ConceptoMed AS, says CEO
Christian Mide.

– In addition to many of the existing
shareholders having made use of the opportunity to increase their share of the
company, 12 new shareholders have been added to the owner base, says Chairman
Sverre Christoffersen. The new shareholders provide the company with a strong
owner base with relevant background – which will be involved in lifting the
company’s activities in future efforts.

ConceptoMed AS has already met considerable
interest in the market, and stands before an exciting international development
of both Luer-Jack ™ and ConceptoShield ™.

The share issue values ConceptoMed AS at
NOK 86.5 million (€10.6 Million).