Nordic Technology Group AS

Share Issue/Capital Change • Jul 9, 2024

CondAlign - Successful Private Placement

CondAlign - Successful Private Placement

CondAlign AS is a subsidiary of NTG with 50,2 % ownership. Reference is made to the N-OTC announcement published by CondAlign AS (the "Company") on 21 June 2024 regarding the contemplated private placement of new preference shares in the Company (the "New Preference Shares") to raise gross proceeds of minimum NOK 35.8 million and maximum NOK 50 million, including conversion of existing debt of NOK 25.8 million. CondAlign has received 705,070 subscriptions for New Preference Shares at a subscription price of NOK 16.67 per share, meaning that the Company will raise gross cash proceeds of approximately NOK 11.75 million. The Company has totally received subscriptions of 2,252,878 New Preference Shares in the Private Placement, gross proceeds of NOK 37,56 million.

NTG has subscribed for NOK 17,3 million (incl. accumulated interest) in the private placement by convention of debt.

Group CEO Rune Rinnan

Chair CondAlign AS

Mob. +47 900 56 028

rune.rinnan@ntechgroup.no

www.ntechgroup.no

CEO CondAlign AS

Harald Wahl Breivik

Mob. +47 976 33 815

harald.breivik@condalign.no

www.condalign.no