Observe Medical Secures Significant First Order from Portugal that Validates Expanded Product Portfolio Strategy

Oslo, 9 October 2026 - Observe Medical ASA (the "Company" or "Observe Medical") today announces that it has received its first significant order from Portugal for its newly launched UnoMeterT A4 Closed System bag. The order provides further confirmation of the value of the Company's strategy to expand its product portfolio and build a comprehensive offering within the urological drainage market.

Attractive and well-established medtech market

Portugal represents an attractive and well-established medical technology market, characterised by a mature healthcare system and a high degree of sophistication and demand for advanced medical technologies. The order therefore provides an important commercial reference for the Company's expanded product portfolio in a mature European healthcare market.

Jørgen Mann, CEO of Observe Medical comments:

"We are pleased to receive this significant order from Portugal for our new UnoMeterT A4 Closed System bag. The order demonstrates the value of expanding our portfolio and our ability to address a broader range of customer needs within the category."

For further information, please contact:

Jørgen Mann, CEO Observe Medical Mobile: +45 408 67 558 E-mail: jorgen.mann@observemedical.com

Johan Fagerli, CFO Observe Medical Mobile: +47 958 12 765 E-mail: johan.fagerli@observemedical.com

About Observe Medical

Observe Medical is a Nordic medtech company that develops, markets and sells innovative medtech products for the global market. The Company is committed to improving patient welfare and patient outcomes, improving clinical data accuracy and promoting positive health economics.

The Company seeks to drive growth by leveraging its expertise in sales and commercialization of its broad portfolio of medical technology products, mainly in urine measurement and ultrasound, in combination with targeted M&A and distribution. Observe Medical is working with a network of leading distributors to provide outstanding solutions for healthcare professionals globally.

The Company is headquartered in Oslo, Norway.

Further information is available at www.observemedical.com.

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