Nordic Unmanned ASA

Share Issue/Capital Change • Jul 5, 2024

Nordic Unmanned ASA announces oversubscribed subsequent offering - Results

Nordic Unmanned ASA announces oversubscribed subsequent offering - Results

5.7.2024 19:43:31 CEST | Nordic Unmanned | Additional regulated information

required to be disclosed under the laws of a member state

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN CANADA,

JAPAN, AUSTRALIA OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH

RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES

NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange announcement by Nordic Unmanned ASA (the

"Company") (ticker: NUMND) on 20 June 2024 announcing the submission of a

national prospectus dated 20 June 2024 (the "Prospectus") and the subsequent

offering (the "Subsequent Offering") of 470,000,000 new shares (the "Offer

Shares") in the Company, at a subscription price of NOK 0.05 per share.

The subscription period in the Subsequent Offering expired on 5 July 2024 at

16:30 hours (CEST). By the end of the subscription period, the Company had

received subscriptions for 654,067,971 Offer Shares in the Subsequent Offering.

In accordance with the allocation criteria determined by the Company's

Extraordinary General Meeting on 11 June 2024 and set out in the Prospectus for

the Subsequent Offering, the Company's board of directors has approved an

allocation of 316,166,993 Offer Shares based on subscriptions with subscription

rights and an allocation of 153,833,007 Offer Shares based on over-subscriptions

from subscribers with subscription rights, resulting in a total subscription of

the full size of the Subsequent Offering of 470,000,000 Offer Shares. No Offer

Shares were allocated to subscribers without subscription rights and no Offer

Shares were allocated to the underwriter of the Subsequent Offering.

The Company raised NOK 23,500,000 in gross proceeds through the Subsequent

Offering.

Notifications of allocated Offer Shares in the Subsequent Offering and the

corresponding amount to be paid by each subscriber will be available via each

subscriber's VPS account on or about 8 July 2024. The due date for payment of

the Offer Shares is on 10 July 2024.

The Offer Shares may not be transferred or traded before they have been fully

paid and the share capital increase pertaining to the Subsequent Offering has

been registered with the Norwegian Register of Business Enterprises (the "NRBE

"). The registration of the share capital increase, the date for delivery of the

Offer Shares and the first day of trading of the Offer Shares on Euronext Growth

Oslo are conditional upon, inter alia, the completion of a share capital

reduction resolved by the Company's extraordinary general meeting held on 11

July 2024. Such completion can only take place after expiry of the six-week

creditor notice period, which will expire on 24 July 2024. Subject to due

payment of the Offer Shares by the subscribers, completion of the six-week

creditor notice period, and fulfilment of all other conditions for the

Subsequent Offering, the share capital increase is expected to be registered

with the NRBE on or about 26 July 2024 and the Offer Shares will thereafter be

delivered to the VPS accounts of the subscribers to whom they are allocated on

or about 29 July 2024. The Offer Shares are in such case expected to be tradable

on Euronext Growth Oslo from and including 29 July 2024.

ADVISORS

Pareto Securities AS (the "Manager") acts as manager in the Subsequent Offering.

Advokatfirmaet Schjødt AS acts as legal advisor to the Company.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

IMPORTANT NOTICES

This announcement is not and does not form a part of any offer to sell, or a

solicitation of an offer to purchase, any securities of the Company. The

distribution of this announcement and other information may be restricted by law

in certain jurisdictions. Copies of this announcement are not being made and may

not be distributed or sent into any jurisdiction in which such distribution

would be unlawful or would require registration or other measures. Persons into

whose possession this announcement or such other information should come are

required to inform themselves about and to observe any such restrictions.

The securities referred to in this announcement have not been and will not be

registered under the U.S. Securities Act of 1933, as amended (the "Securities

Act"), and accordingly may not be offered or sold in the United States absent

registration or an applicable exemption from the registration requirements of

the Securities Act and in accordance with applicable U.S. state securities laws.

The Company does not intend to register any part of the offering or their

securities in the United States or to conduct a public offering of securities in

the United States. Any sale in the United States of the securities mentioned in

this announcement will be made solely to "qualified institutional buyers" as

defined in Rule 144A under the Securities Act.

In any EEA Member State, this communication is only addressed to and is only

directed at qualified investors in that Member State within the meaning of the

Prospectus Regulation, i.e., only to investors who can receive the offer without

an approved prospectus in such EEA Member State. The expression "Prospectus

Regulation" means Regulation 2017/1129 as amended together with any applicable

implementing measures in any Member State. This communication is only being

distributed to and is only directed at persons in the United Kingdom that are

(i) investment professionals falling within Article 19(5) of the Financial

Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the

"Order") or (ii) high net worth entities, and other persons to whom this

announcement may lawfully be communicated, falling within Article 49(2)(a) to

(d) of the Order (all such persons together being referred to as "relevant

persons"). This communication must not be acted on or relied on by persons who

are not relevant persons. Any investment or investment activity to which this

communication relates is available only for relevant persons and will be engaged

in only with relevant persons. Persons distributing this communication must

satisfy themselves that it is lawful to do so.

Matters discussed in this announcement may constitute forward-looking

statements. Forward-looking statements are statements that are not historical

facts and may be identified by words such as "believe", "expect", "anticipate",

"strategy", "intends", "estimate", "will", "may", "continue", "should" and

similar expressions. The forward-looking statements in this release are based

upon various assumptions, many of which are based, in turn, upon further

assumptions. Although the Company believes that these assumptions were

reasonable when made, these assumptions are inherently subject to significant

known and unknown risks, uncertainties, contingencies and other important

factors which are difficult or impossible to predict and are beyond its control.

Actual events may differ significantly from any anticipated development due to a

number of factors, including without limitation, changes in investment levels

and need for the Company's services, changes in the general economic, political

and market conditions in the markets in which the Company operate, the Company's

ability to attract, retain and motivate qualified personnel, changes in the

Company's ability to engage in commercially acceptable acquisitions and

strategic investments, and changes in laws and regulation and the potential

impact of legal proceedings and actions. Such risks, uncertainties,

contingencies and other important factors could cause actual events to differ

materially from the expectations expressed or implied in this release by such

forward-looking statements. The Company does not provide any guarantees that the

assumptions underlying the forward-looking statements in this announcement are

free from errors nor does it accept any responsibility for the future accuracy

of the opinions expressed in this announcement or any obligation to update or

revise the statements in this announcement to reflect subsequent events. You

should not place undue reliance on the forward-looking statements in this

document.

The information, opinions and forward-looking statements contained in this

announcement speak only as at its date, and are subject to change without

notice. The Company does not undertake any obligation to review, update,

confirm, or to release publicly any revisions to any forward-looking statements

to reflect events that occur or circumstances that arise in relation to the

content of this announcement.

Neither of the Company, the Manager nor any of their respective affiliates makes

any representation as to the accuracy or completeness of this announcement and

none of them accepts any responsibility for the contents of this announcement or

any matters referred to herein. This announcement is for information purposes

only and is not to be relied upon in substitution for the exercise of

independent judgment. It is not intended as investment advice and under no

circumstances is it to be used or considered as an offer to sell, or a

solicitation of an offer to buy any securities or a recommendation to buy or

sell any securities in the Company. Neither the Company, the Manager nor any of

their respective affiliates accepts any liability arising from the use of this

announcement.

CONTACTS

* Lars A Landsnes, CFO/COO, Nordic Unmanned ASA, +47 951 40 370,

ll@nordicunmanned.com

ABOUT NORDIC UNMANNED

Nordic Unmanned is a leading European manufacturer (OEM) and certified operator

of unmanned aircraft systems ("UAS").

We are serving large corporations, government agencies and security customers by

offering systems, solutions and flight services for environmentally friendly

delivery of productivity improvements and time critical, actionable data

insights and logistics services.

Our solutions and services are organized in the three business segments as

follows:

Flight Services: is a technology-agnostic flight services operator providing

time-critical actionable data to large corporate and governmental customers. The

segment also includes NUAer AS and Resale.

AirRobot: is an Equipment Manufacturer (OEM) with a leading product platform in

lightweight drones and sensors (payloads) tailored for defense and security.

DroneMatrix: is an Equipment Manufacturer (OEM) offering a fully integrated and

autonomous drone system with proprietary software for surveillance and security.

Nordic Unmanned is ISO 9001:2015 and ISO 14001:2015 certified for the operation,

maintenance, and sales of unmanned systems and sensor technology. AirRobot is

ISO 9001:2015 and EN 9100:2018 certified for its development and production

capabilities of unmanned systems.

Founded in Norway in 2014, Nordic Unmanned has offices in Sandnes (NO),

Cranfield (UK), Hasselt (BE) and Arnsberg (GER). Nordic Unmanned also comprise

joint venture - Omni Unmanned SA with OHI Group SA (registered in Luxemburg) and

joint venture - NUAer AS with Aeromon OY (registered in Norway).

For more information visit - https://nordicunmanned.com/

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847587/18176379/4746/Download%20announce

ment%20as%20PDF.pdf