Nordic Unmanned ASA

Capital/Financing Update • Feb 16, 2024

Nordic Unmanned ASA secures additional short term liquidity of EUR 2 million

Nordic Unmanned ASA secures additional short term liquidity of EUR 2 million

16.2.2024 12:00:01 CET | Nordic Unmanned | Inside information

Nordic Unmanned ASA has today signed a short term loan agreement to be repaid in

August 2024. This short term loan is provided by the company's existing lenders,

and guaranteed by the main shareholder.

The establishment of the short term liquidity facility comes as a consequence of

delays in projects and other operational and seasonal developments announced in

the stock exchange release on 4th December 2023

https://newsweb.oslobors.no/message/605599. The refinancing closed in October

2023 was based on a tight liquidity period in the winter and spring 2024,and

this period is now bridged. The short term loan provides additional liquidity of

EUR 2 million from March through late summer 2024, and will be repaid in August

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

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

ll@nordicunmanned.com

* Stig H. Christiansen, CEO, Nordic Unmanned ASA, +47 478 07 813,

shc@nordicunmanned.com

* Thomas A. Ladsten, CLO, Nordic Unmanned ASA, +47 99 29 46 02,

tal@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/17847587/2918/4084/Download%20announcement

%20as%20PDF.pdf