Norwegian Block Exchange AS

Share Issue/Capital Change • May 30, 2024

Norwegian Block Exchange AS – Awaiting approval of the issuance of offer shares in the subsequent offering

Norwegian Block Exchange AS – Awaiting approval of the issuance of offer shares in the subsequent offering

Oslo, 30 May 2024. Reference is made to the stock exchange notice from Norwegian Block Exchange AS ("NBX" or the "Company") on 18 April 2024 regarding the completion and results of a subsequent offering of up to NOK 2,520,000 through issuance of up to 4,200,000 new shares (the "Offer Shares") in the Company at a subscription price of NOK 0.60 per share (the "Subsequent Offering").

The completion of the share capital increase pertaining to the Subsequent Offering, is subject to (i) the Norwegian Financial Supervisory Authority approving the application for the share capital increase pertaining to the Private Placement, as resolved by the extraordinary general meeting on 4 April 2024, (ii) the corporate resolutions of the Company required to implement the Subsequent Offering, including issue of the Offer Shares, being validly made, (iii) the Norwegian Financial Supervisory Authority approving the application for the share capital increase pertaining to the Subsequent Offering, and (iv) the share capital increase pertaining to the issuance of the allocated Offer Shares being validly registered with the Norwegian Register of Business Enterprises and the allocated Offer Shares being validly issued and registered in the VPS.

The Company has applied for approval the share capital increases as noted in condition (i) and (iii) from the Norwegian Financial Supervisory Authority but has not yet received such approval. Consequently, the delivery of the Offer Shares is delayed compared to the original timeline. The Company is following up with the Norwegian Financial Supervisory Authority, and there is currently no reason for the Company not to expect such approval.

For more information, please contact:

Stig Kjos-Mathisen, CEO Norwegian Block Exchange AS

Email: Stig.aleksander.kjos-mathisen@nbx.com

Tel: +47 93 28 75 72

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About Norwegian Block Exchange (NBX)

NBX is a financial services company building products and services based on digital assets. NBX is registered with the Norwegian Financial Supervisory Authority and is listed on Oslo Stock Exchange Euronext Growth.