IC TARGETS AS

Operating

IC Targets – Opportunities within the original indication

Norwegian Contrasts Vision Vision Our vision is to become a leading company in providing manganese-based contrast agents. About us IC Targets AS is a life-science company dedicated to the development of manganese-based MRI contrast agents and new methods that will improve diagnostic imaging. The main

Medesinsk forskning og utvikling, produksjon, utnyttelse av lisensrettigheter, konsulentvirksomhet, eie og forvalte aksjer og andre verdipapirer, samt ved aksjetegning eller på annen måte delta i eller overta annen virksomhet.

Legemiddel forskning, utvikling og salg.

Organization

CEO: HS
Håkon Sæterøy1958
Chairman of the board: HS
Håkon Sæterøy1958
Years since formation: 24 years; since May 21, 2002
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 11,788,881; 1 share class
Total number of shareholders: 72; 41 companies, 31 persons
Belongs to group of

Financials

Total operating income 2025: 1,871,768; NOK
Annual total result 2025: -6,211,182; NOK
Total equity 2025: 12,914,767; NOK

Last update: Jul 20, 2026

Management

Management / administration

Name	Role	Shares
HS Håkon Sæterøy 1958	Managing Director/CEO	-

Board

Name	Role	Shares
HS Håkon Sæterøy 1958	Chairman	-
SC Ståle Charles Kvitle 1968	Board Member	-
WE Willy Eidsaunet 1945	Board Member	-
TF Tove Flem Jacobsen 1963	Board Member	-
JØ Jonny Østensen 1953	Board Member	-
NB Nicolas Brun-Lie 1955	Board Member	-

Others

Name	Role	Shares
M MOORE AS	Auditor	-
E ENORA AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
SH Sæterøy Håkon 1958	-	18.78 % indirectly
BN Brun-Lie Nicolas 1955	-	8.16 % indirectly
EW Eidsaunet Willy 1945	-	6.67 % directly
JP Jynge Per 1938	-	4.4 % directly
AG Albert Gebhard Rinck Peter 1953	-	4.16 % directly
FK Fredrik Kleppa Stensrud Kristian 1986	-	2.12 % indirectly
LB Løvaas Beate 1959	-	1.9 % indirectly
CC Christian Clemm Von Hohenberg Gunnar 1957	-	1.7 % directly 0.93 % indirectly 0.76 %
RT Rogge Thomas 1975	-	1.27 % indirectly

Last update: Sep 9, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
M MP PENSJON PK	Ordinary shares	3,372,250	28.61 %
I INVESTOR CORPORATE AS	Ordinary shares	2,033,862	17.25 %
O ORINOCO AS	Ordinary shares	962,500	8.16 %
EW Eidsaunet Willy 1945	Ordinary shares	786,590	6.67 %
JP Jynge Per 1938	Ordinary shares	518,833	4.4 %
AG Albert Gebhard Rinck Peter 1953	Ordinary shares	490,014	4.16 %
K KRISTIANS AND AS	Ordinary shares	250,000	2.12 %
S SEBEL INVEST AS	Ordinary shares	224,000	1.9 %
P PAR TRADING AS	Ordinary shares	223,166	1.89 %
N NISTAD PD AS	Ordinary shares	187,500	1.59 %
L LANDERUD HOLDING AS	Ordinary shares	187,500	1.59 %
V VENTUROS AS	Ordinary shares	185,733	1.58 %
C CEBENOTTO AS	Ordinary shares	180,000	1.53 %
N NORSEMETER AS	Ordinary shares	180,000	1.53 %
T TRP AS	Ordinary shares	150,000	1.27 %
AN Are Nilssen Esben 1967	Ordinary shares	114,000	0.97 %
MH Maria Hareide Kerstin 1948	Ordinary shares	112,500	0.95 %
CC Christian Clemm Von Hohenberg Gunnar 1957	Ordinary shares	110,000	0.93 %
A AS MIMOSA	Ordinary shares	101,605	0.86 %
HM Henning Myhren Bård 1970	Ordinary shares	100,000	0.85 %
S Sirius AS	Ordinary shares	100,000	0.85 %
KM Kåre Midthjell Jan 1964	Ordinary shares	100,000	0.85 %
I INTENTO AS	Ordinary shares	90,000	0.76 %
MS Malthe Skjold Arne 1968	Ordinary shares	89,229	0.76 %
I IVAR LØGE AS	Ordinary shares	82,200	0.7 %
C CREDIO AS	Ordinary shares	75,000	0.64 %
NH Nicolas H Muller Robert 1948	Ordinary shares	73,004	0.62 %
KG Kyrre Giæver Bjørn 1967	Ordinary shares	61,000	0.52 %
AB Anton Bugge Hans 1970	Ordinary shares	51,000	0.43 %
KK Ketil Kyrkjebø Arne 1968	Ordinary shares	47,200	0.4 %
LF Lise Fossheim Sigrid 1969	Ordinary shares	45,630	0.39 %
ØJ Østensen Jonny 1953	Ordinary shares	42,000	0.36 %
FJ Flem Jacobsen Tove 1963	Ordinary shares	40,000	0.34 %
C CYGNUS VÅRSOL AS	Ordinary shares	30,000	0.25 %
A ALLEGRO AS	Ordinary shares	25,000	0.21 %
T TFJ CONSULTING AS	Ordinary shares	25,000	0.21 %
CK Charles Kvitle Ståle 1968	Ordinary shares	23,304	0.2 %
SK Sørum Kerr Mette 1956	Ordinary shares	20,000	0.17 %
M MOEMENTUM HOLDING AS	Ordinary shares	17,195	0.15 %
N NAVIO AS	Ordinary shares	16,702	0.14 %
HL Harald Langeland Geir 1972	Ordinary shares	15,000	0.13 %
A A/S Skarv	Ordinary shares	14,467	0.12 %
A ARIADNE INVEST AS	Ordinary shares	12,342	0.1 %
B BJØRN AS	Ordinary shares	12,342	0.1 %
H HEINASKOGEN AS	Ordinary shares	11,500	0.1 %
RT Rysjedal Tonning Martin 1993	Ordinary shares	10,000	0.08 %
SA Sande Arne 1970	Ordinary shares	10,000	0.08 %
HR Håkon Reiestad Tanum Lars 1956	Ordinary shares	8,225	0.07 %
N NICOLAI SAMUELSEN AS	Ordinary shares	8,225	0.07 %
S SESAM INVESTMENT AS	Ordinary shares	8,225	0.07 %
W WIECO AS	Ordinary shares	7,925	0.07 %
G GRANCO AS	Ordinary shares	6,604	0.06 %
NL Næss Larsen Espen 1955	Ordinary shares	6,500	0.06 %
S SURFSIDE HOLDING AS	Ordinary shares	5,086	0.04 %
F FAGERBORG INVEST AS Under liquidation	Ordinary shares	5,000	0.04 %
H HOFINVEST AS	Ordinary shares	4,116	0.03 %
MP Morseth Petter 1956	Ordinary shares	4,113	0.03 %
E EGD CAPITAL AS	Ordinary shares	3,445	0.03 %
S SKARÅS GRUPPEN AS	Ordinary shares	3,287	0.03 %
CT Christopher Tybring-Gjedde Carl 1989	Ordinary shares	2,742	0.02 %
F FAVN FORSIKRING	Ordinary shares	2,125	0.02 %
T TJUVHOLMEN INVEST AS	Ordinary shares	2,000	0.02 %
RJ Repvik Jan 1953	Ordinary shares	2,000	0.02 %
R RESID INVEST AS	Ordinary shares	1,744	< 0.01 %
S STIFTELSEN KIRKENS BYMISJON	Ordinary shares	1,370	< 0.01 %
CW Chester Warren Peter 1955	Ordinary shares	1,328	< 0.01 %
H HANTRI AS	Ordinary shares	1,000	< 0.01 %
SH Sæterøy Håkon 1958	Ordinary shares	532	< 0.01 %
SM Sibylla Mikalsen Karen 1973	Ordinary shares	500	< 0.01 %
LE Lars Engdahl Bo 1963	Ordinary shares	278	< 0.01 %
T TECHNOCULTURE OLIGO AS Under liquidation	Ordinary shares	239	< 0.01 %
JE Julie Evjen Tove 1982	Ordinary shares	100	< 0.01 %

Shares owned by the IC TARGETS AS

Name	Share class	Total number of shares	Share
C CARDINOR AS	Ordinary shares	65,272,878	100 %

Last update: Sep 25, 2026

Group structure

IC TARGETS AS
Total operating income 2025: NOK 1,871,768
Operating profit 2025: NOK -6,064,000
Employees: 0

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	1,871,768	4,345,325	5,709,789	5,586,949	2,944,250
Annual Total Result	-6,211,182	-1,944,985	5,554,028	-2,068,927	-2,174,925
Total assets	23,708,530	11,402,748	9,869,132	4,358,681	7,990,011
Total liabilities	10,793,762	4,644,799	6,284,198	6,327,775	7,890,178
Total equity	12,914,767	6,757,949	3,584,934	-1,969,094	99,832

P&L

Year	2025	2024	2023	2022	2021
Total operating income	1,871,768	4,345,325	5,709,789	5,586,949	2,944,250
Total operating costs	7,935,768	6,264,942	-107,453	7,653,080	5,102,498
Operating result	-6,064,000	-1,919,617	5,817,241	-2,066,131	-2,158,248
Financial income/costs	-147,182	-25,368	-263,213	-2,796	-16,678
Profit before tax	-6,211,182	-1,944,985	5,554,028	-2,068,927	-2,174,925
Total tax & extraordinary income/cost	0	0	0	0	0
Annual Total Result	-6,211,182	-1,944,985	5,554,028	-2,068,927	-2,174,925

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	12,954,341	7,683,900	7,080,201	1,062,824	1,299,007
Total current assets	10,754,189	3,718,848	2,788,931	3,295,857	6,691,004
Total assets	23,708,530	11,402,748	9,869,132	4,358,681	7,990,011
Short term debt	5,793,762	4,644,799	6,284,198	6,327,775	7,890,178
Long term debt	5,000,000	0	0	0	0
Total liabilities	10,793,762	4,644,799	6,284,198	6,327,775	7,890,178
Contributed capital	12,031,381	10,507,881	9,766,881	9,766,881	33,503,472
Retained earnings	883,386	-3,749,932	-6,181,947	-11,735,975	-33,403,640
Total equity	12,914,767	6,757,949	3,584,934	-1,969,094	99,832
Total equity and liabilities	23,708,530	11,402,748	9,869,132	4,358,681	7,990,011

Classification

21st company classification

BETA

Small company

Type of organization

Limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

2100

Private non-financial incorporated enterprises

Standard industrial classification

IC TARGETS AS984 531 524

IC TARGETS AS

Links

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the IC TARGETS AS

Group structure

Financials

Summary

P&L

Balance overview

Classification