Heliospectra is planning to launch a fully underwritten rights issue of approximately SEK 91 million for further commercialization of the Company's products and continued product development

HELIOSPECTRA IS PLANNING TO LAUNCH A FULLY UNDERWRITTEN RIGHTS ISSUE OF
APPROXIMATELY SEK 91 MILLION FOR FURTHER COMMERCIALIZATION OF THE COMPANYS
PRODUCTS AND CONTINUED PRODUCT DEVELOPMENT 

Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in
intelligent lighting technology for controlled environments horticulture
announces that the Board of Directors of Heliospectra AB (publ) ("the Company"
or "Heliospectra") proposes to the Extraordinary General Meeting ("EGM") to
resolve on a rights issue of approximately SEK 91 million and an overallotment
option of approximately SEK 20 million. In total, the three largest
shareholders have committed to subscribe for the equivalent of 50.49 percent of
the rights issue. The largest shareholder has entered into an underwriting
commitment to ensure the balance; hence the rights issue is 100 percent
guaranteed. The proceeds will mainly be used for sales and marketing purposes,
further product development as well as to strengthen the balance sheet. 

Summary
Heliospectras Board of Directors proposes a rights issue of approximately 91
million. In the event the rights issue is oversubscribed, the Board of
Directors proposes to the EGM to authorize the Board of Directors to issue
additional shares corresponding to a value of up to approximately SEK 20
million through an overallotment option. The rights issue, excluding the
overallotment option, comprises up to 13,966,647 ordinary shares at a price of
SEK 6.50 per share. 
The terms of the rights issue constitute that three (3) new shares are issued
for every four (4) existing shares. 
The rights issue and the overallotment option are subject to approval by the
EGM on November 8, 2016. Notice to shareholders of the EGM will be published
through a separate press release. 
The rights issue is covered in its entirely though subscription and
underwriting commitments from existing shareholders. 
Record date for participation in the rights issue is 15 November, 2016.
Subscription period in the rights issue will take place between November 18,
2016 and December 2, 2016. 

Background and motive
Heliospectra is an innovative Swedish company that has developed and patented
an advanced lighting solutions for commercial greenhouses, indoor farming and
plant research. Heliospectras efficient systems gives growers the ability to
control plant quality and growth. The system combines special LED-based lamps
connected to the internet, combined with sensors connected to a software-based
control system that measure how the plants absorb light. The companys product
portfolio consists of four product families that are sold as complete systems
in which LED lights are a subcomponent. Additional sales consist of software
for new features and new devices such as light fixtures and sensors.
Heliospectras customers are mainly professional growers and the Companys main
markets are North America, Europe and the Middle East. 

The proceeds from the rights issue (including overallotment option) will be
used primarily for investments in sales and marketing, further product
development as well as to strengthen the Companys balance sheet. 

Rights issue
Heliospectras Board of Directors proposes, subject to approval by the EGM, to
carry out a rights issue of up to 13,966,647 shares with pre-emptive rights for
existing shareholders of approximately SEK 91 million before transaction
related costs. Persons who, on the record date, are shareholders in
Heliospectra receive one (1) subscription right per share and four (4)
subscription rights entitles to subscription for three (3) new shares in
Heliospectra at the price of SEK 6.50 per share. 

In the event all shares are not subscribed for with subscription rights, the
Board of Directors shall, within the framework of the new share issue maximum
amount, resolve on the allotment of shares subscribed for without subscription
rights. In such case shares shall firstly be allotted to persons who have
subscribed for shares with subscription rights, irrespective of whether or not
such persons were shareholders on the record date, pro rata to the number of
subscription rights exercised, secondly, be allotted to persons who have
indicated their interest to subscribe for shares without subscription rights,
pro rata in relation to their declared interest, and ultimately awarded to
persons who have entered into underwriting commitments regarding subscription
of shares, in proportion to such underwriting commitments. 

The record date for participation in the rights issue will be November 15, 2016
and the subscription period runs from November 18, 2016 to December 2, 2016.
The Board of Directors shall be authorized to extend the subscription period.
Trading in subscription rights will take place from November 18, 2016 to
November 30, 2016. 

Lock-up Agreements
Redeye AB, financial advisor to Heliospectra in the rights issue, has entered
into so-called lock-up agreements with the three largest shareholders. 

Preliminary timetable for the rights issue
Nov 8, 2016 Extraordinary General Meeting
Nov 11, 2016 Last day of trading including subscription rights
Nov 14, 2016 First day of trading excluding subscription rights
Nov 15, 2016 Record date for participation in rights issue
Nov 16, 2016 Estimated day for publication of prospectus
Nov 18, 2016 - Nov 30, 2016 Trading in subscription rights
Nov 18, 2016 - Dec 2, 2016 Subscription period
Dec 7, 2016 Estimated date for publication of preliminary outcome of rights

Extraordinary general meeting
The shareholders of Heliospectra will be convened at an EGM on November 8,
2016. Complete notice to shareholders will be published in a separate press
release. 

Financial and legal advisors
Redeye AB acts as financial advisor and MAQS Advokatbyrå acts as legal advisor
to Heliospectra in the transaction. 

Join the Heliospectra Conversation
Read more at www.heliospectra.com/blog http://www.heliospectra.com/blog
Follow @Heliospectra on Twitter
Like Heliospectra on Facebook at www.facebook.com/Heliospectra
http://www.facebook.com/Heliospectra 

GOTHENBURG, Sweden/SAN FRANCISCO, CA, October 11, 2016

Investor Relations:
Staffan Hillberg, CEO of Heliospectra | +46 (0)708 36 59 44
staffan.hillberg@heliospectra.com mailto:staffan.hillberg@heliospectra.com

Michael Swartz, Senior Analyst | Viridian Capital Advisors, LLC | +1
212-333-0257 | 
mswartz@viridianca.com mailto:mswartz@viridianca.com

G&W is Heliospectras Certified Advisor for Nasdaq First North -
www.gwkapital.se http://www.gwkapital.se/ 

www.heliospectra.com http://www.heliospectra.com/

The following documents can be retrieved from beQuoted
Heliospectra Pressrelease 2016-10-11 English.pdf -
http://www.bequoted.com/beQPress/download.asp?Id=18804 

This information is information that 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 08:00 CET on October 11, 2016. 

About Heliospectra AB
Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO) (www.heliospectra.com
http://www.heliospectra.com ) specializes in intelligent lighting technology
for plant research and greenhouse cultivation. The Companys lighting system
provides an effective and durable technology for cultivating greenhouse and
indoor plants by combining several different groups of versatile light emitting
diodes (LEDs) with optics, remote sensing techniques, and a robust heat
dissipation solution. This proprietary setup gives growers the ability to
control the intensity and wavelengths of the light emitted, creating a spectrum
specifically adjusted to different plant species and growth stages to better
facilitate photosynthesis. The complete, highly-engineered lamp produces crops
that look better, taste better, and have a longer shelf-life than those grown
under HID lamps. The technology not only reduces energy consumption by up to
50%, but also helps stimulate growth characteristics and improve plant quality.
Other benefits include reduced light pollution, lower mercury use due to the
avoidance of traditional HID/HPS bulbs, and less HVAC investment and monthly
expense requirements. 

Heliospectra products are based on in-depth knowledge in plant physiology and
photosynthesis along with a unique way to utilize modern LED technology. After
six years of development in Sweden, the company has now begun to expand into
the international market. The company has raised more than $ 21 million in
capital and has received more than $2.6 million through academic scholarships
and grants. It has also received numerous awards for its forward thinking
technology. Principal owners: Weland Steel www.welandstal.se
http://www.welandstal.se/ , Swedish Industrial Fund www.industrifonden.se
http://www.industrifonden.se/ , Midroc www.midroc.se http://www.midroc.se/ ,
Avanza Pension www.avanza.se http://www.avanza.se/ . 

Forward-Looking Statements
The statements in this press release constitute forward-looking statements
within the meaning of federal securities laws. Such statements are based on our
current beliefs and expectations and are inherently subject to significant
business, economic and competitive uncertainties and contingencies, many of
which are beyond our control. In addition, such forward-looking statements are
subject to assumptions with respect to future business strategies and decisions
that are subject to change. Potential risks and uncertainties include, but are
not limited to, technical advances in the industry as well as political and
economic conditions present within the industry. We do not take any obligation
to update any forward-looking statement to reflect events or developments after
a forward-looking statement was made.