Options Exercised III

Phase Holographic Imaging (PHI) has two option programs, both with a final subscription date of October 24, 2017. The programs, directed to board members and advisors of the Company, were implemented as the Company was listed at AktieTorget. The options are market valued according to Black & Scholes. After recalculation with reference to equity issues, option program 2012 qualifies for subscription of 43 872 shares at 16.50 SEK per share (originally 40 000 shares at 18.12 SEK) per share and option program 2013 for subscription of 209 000 shares at 12.80 SEK per share (originally 190 000 shares at 14.00 SEK per share). The number of registered shares in PHI was 11 576 939 on June 30, 2017.

Advisor Ron Lowy has now requested to exercise his entire option holdings. Hereby Lowy subscribes for 10 766 shares in option program 2012 and 44 000 shares in option program 2013, in total 54 766 shares. Lowy finances his subscription and associated taxes by divesting some of his current holdings. Through Lowy’s subscriptions, the equity of PHI will in-crease by 740 839 SEK.

Previously, Klas Cramborn (chairman of the board), Jan Richardsson (board member) and a former board member have exercised their entire option holdings.

The above information was made public pursuant to the EU Market Abuse Regulation.