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Norwegian Block Exchange AS

Capital/Financing Update • Jul 17, 2023

3691_rns_2023-07-17_7dd77318-c1c7-45be-bc6e-3d7a9f469637.html

Capital/Financing Update

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NBX issues convertible loan

Oslo, Norway - NBX, the leading Norwegian-based digital asset exchange, today announced that it has issued an unsecured convertible loan of NOK 9.25 million to new and existing investors. The loan has a one-year term, 8% interest and 0.60 NOK conversion price. The loan will finance operations and cover collateral for the NBX Visa credit card while this is rolled out to a wider audience.

Following the issue, the company has issued convertible loans for a total of 33 MNOK. As of this date, no amount of the convertible loans has been converted into shares in the company and the convertible loans remain outstanding in full.

Link to NBX page: https://nbx.com/en/

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Contact person:

Stig Kjos-Mathisen - CEO Mail: [email protected], Phone: +47 93287572