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Information from Heliospectra AB (publ), Gothenburg 2019-12-09 Heliospectra AB (publ) announces the results of the rights issue

The subscription period for the rights issue in Heliospectra AB (publ) was completed on December 4, 2019. The outcome of the rights issue, which was covered by subscription and guarantee commitments corresponding to 100 percent, shows that the Rights Issue was subscribed by approximately 85 percent with the support of subscription rights and approximately 2 percent without the support of subscription rights. In addition, approximately 13 percent of the Rights Issue is allocated to the guarantors who, in accordance with agreements with the Company, have committed to subscribe for shares in the rights issue in relation to commitments made. The rights issue provides the Company with approximately SEK 51,5 million, before issue costs.

Allotment of shares subscribed for without subscription rights has been granted in accordance with the principles set out in the prospectus drawn up in connection with the rights issue and published on November 19, 2019. Notice of allotment of shares subscribed for without subscription rights will be sent within short to those who have been allotted shares. The shares must be paid in accordance with the instructions on the settlement note.

After the rights issue, the share capital amounts to SEK 5 617 852, divided into a total of 56 178 520 shares.

Trading in paid subscribed shares (HELIO BTA) takes place on Nasdaq First North until the Swedish Companies Registration Office has registered the new share issue. This registration is expected to take place at the end of December 2019.

Financial and legal advisors

Västra Hamnen Corporate Finance AB is a financial advisor and MAQS Advokatbyrå is legal advisor to Heliospectra in connection with the rights issue.

For further information, please contact:

Ali Ahmadian, CEO of Heliospectra

+46 (0)72 203 6344

This information is such information as Heliospectra AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 17,30 CET on December 9, 2019.

About Heliospectra AB (publ)

HeliospectraAB (publ) (OTCQB: HLS, FIRST NORTH: HELIO) is the global leader in intelligent lighting technology, light control systems and related services for greenhouse and controlled plant growth environments. With the vision to make commercial crop production more connected and resource-efficient, Heliospectra integrates customized LED spectral strategies with real-time response and artificial intelligence to create predictable and reliable business forecasts and harvest results. Founded in 2006, Heliospectra is committed to helping growers and commercial producers across six continents consistently increase yields and produce crops with quality appearance, superior nutritional or medicinal value and longer shelf life, harvest after harvest. Heliospectra is the recipient of multiple international awards and recognitions. For more information, please visit https://www.heliospectra.com.

Redeye is Heliospectra's Certified Adviser on Nasdaq First North Growth Market

[email protected] | +46 (0) 8 121 576 90

Important information

This press release does not constitute an offer for any securities in Heliospectra. The issue is not directed to shareholders or other investors residing in the United States, Australia, Hong Kong, Japan, Canada, Singapore, South Africa or New Zealand, or in any other country where participation in the issue would require additional prospectuses, registration or other measures than Swedish law or conflict with rules in such country. No subscription rights, paid subscription shares, shares or other securities issued by Heliospectra have been registered or will be registered under the United States Securities Act 1933, or under the securities legislation in any state in the United States or any province law in Canada. Therefore, no subscription rights, paid subscribed shares, shares or other securities issued by Heliospectra may be transferred or offered for sale in the United States or Canada other than in such exceptional cases that do not require registration. The issue is only aimed at (i) persons who are outside the UK; (ii) to professional investors covered by Article 19 (5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (in its current wording); or (iii) other persons to whom it may lawfully be directed.