The Board of Directors of Audientes A/S ("Audientes" or "the Company") hereby convenes an Extraordinary General Meeting to decide on a proposed listing change from Nasdaq First North Growth Market Denmark to Spotlight Stock Market Denmark.

The upcoming Extraordinary General Meeting will decide whether to apply for admission for trading on Spotlight Stock Market Denmark ("Spotlight") in Danish kroner, and delist the Company's shares from Nasdaq First North Growth Market in Copenhagen ("First North").

Change of marketplace to increase visibility and liquidity

Audientes is an international company with an ambition to become truly global, both in terms of strategic direction and owner structure. Audientes has been listed on First North since September 2020 and has since the listing experienced a growing interest from the Swedish capital market.

In order to attract additional investors, and to be in a cost-optimized environment with an increased number of Nordic investors, Audientes' Board of Directors has decided to apply for listing of the Company's shares on Spotlight in Danish kroner.

Spotlight's integrated Danish/Swedish setup increases the potential to attract Swedish and other Nordic investors. The higher average liquidity for Danish companies currently on Spotlight further supports the decision to propose the marketplace change at the Extraordinary General Meeting.

Management experience with the Swedish market

The chairman of Audientes A/S, Povl-André Bendz, has been following the Swedish capital market for many years and holds a CEO and board position in Sedermera Denmark ApS, which is owned by Spotlight Group AB (70 percent) and Povl-André Bendz (30 percent). Spotlight Stock Market is thereby a wholly owned subsidiary of Spotlight Group AB and a sister company to Sedermera Denmark ApS.

To clarify, Sedermera Denmark ApS has not been directly or indirectly involved in any advice to Audientes. Audientes receives all legal advice and counselling in connection with the change of marketplace from Markets & Corporate Law Nordic AB.

Market place change expected to take place July/August 2022

Provided that the proposal regarding change of marketplace to Spotlight is approved by the Extraordinary General Meeting, that the decision to de-list the shares from First North is approved by First North, and that the application to list the Company's shares on Spotlight is approved by Spotlight, the change is planned to take place in the period July/August 2022.

No action needed from the current shareholders

Audientes' shareholders do not need to take any action in connection with the list change. The Company and its shares will still be affiliated to Euronext Securities A/S (formerly known as VP Securities A/S) and the shares will be traded with the unchanged short name (AUDNTS) and unchanged ISIN code (DK0061406618).

CEO Steen Thygesen comments

"Sweden has a mature and vibrant stock market environment for growth companies like Audientes. We have a goal of a being truly global, and Sweden is good place to start internationalizing the owner structure. Our proactive decision of listing of our shares on Spotlight is based on the assessment that higher trading volumes will create better growth conditions for Audientes as the valuation will mirror less trading risk, which again will support our ongoing funding needs when milestones are reached. We are looking very much forward to presenting Audientes to the Swedish and other Nordic investors - now they also have an opportunity on their home market to invest in the tremendous need for hearing aids in the world," says Steen Thygesen, CEO of Audientes A/S.

Extraordinary General Meeting

The planned date for the Extraordinary General Meeting is June 7th, 2022.

In order for the change of marketplace to take place, the decisions of the upcoming Extraordinary General Meeting need to be in accordance with the de-listing process from First North and the rules of the Danish Companies Act. The change of marketplace to Spotlight requires that Audientes submits a request for removal from trading, including an approval by existing shareholders with a two-thirds majority of both the votes cast at the Extraordinary General Meeting and the votes represented at the Extraordinary General Meeting. 

Provided that the Extraordinary General Meeting approves the Board's proposal regarding change of marketplace, ten weeks must pass from the date of the request to de-list the Company's shares from First North before the actual change can take place.

The change of marketplace is also subject to Spotlight approving the Company for listing.

A notice for the Extraordinary General Meeting will be published as a separate company announcement.

For further information, please contact:

Steen Thygesen, CEO, Audientes A/S

Phone: +45 53 17 26 10

Email: st@audientes.com

www.audientes.com

Povl-André Bendz, Chairman of the Board, Audientes A/S

Phone: +45 77 34 16 80

Email: pab@audientes.com

Certified advisor

Kapital Partner A/S

Phone: +45 89 88 78 46

www.kapitalpartner.dk

About Audientes A/S

Audientes A/S is a Danish technology company specializing in smart, self-fitting and affordable hearing aids. Audientes' unique hearing aid solution, Ven™ by Audientes, is available for purchase in the Indian market, online and in retail, and will be introduced to the US over-the-counter market and other markets in the coming years. Audientes' mission is to help the approximately 500 million people globally suffering from disabling hearing loss who either cannot afford to buy one of the very expensive hearing aids on the market, or who do not currently have access to a solution to their hearing loss.

Audientes is listed on Nasdaq First North Growth Market Denmark (AUDNTS) and headquartered in Copenhagen, Denmark with a subsidiary in Hyderabad, India.

For additional information please refer to the company's website https://audientes.com.

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