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Norwegian Block Exchange AS

Share Issue/Capital Change May 25, 2023

3691_rns_2023-05-25_8c2c5986-81eb-452a-b9ea-a2cb21e30fff.html

Share Issue/Capital Change

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LDA Capital accepts the Put Option Notice for 689,794 Ordinary Shares

LDA Capital accepts the Put Option Notice for 689,794 Ordinary Shares

Oslo, Norway - NBX, the leading Norwegian-based digital assets exchange. In September 2022, NBX secured a provisional NOK 100 million capital commitment from LDA, a Los Angeles based global investment group, by entering into a put option agreement. On 3. April 2023 NBX utilized the facility by issuing a put option notice to LDA.

Pursuant to the Agreement LDA has given notice that they accept the Put Option Notice for 689,794 Ordinary Shares. The average Put Option Price is NOK 1.45 per share, with the aggregate Put Option Price being NOK 1.000.000.

Within twelve (12) months NBX will issue to LDA the number of ordinary shares subscribed for in this put option notice for LDA to return to the share lenders or keep on their own balance at NBXs discretion.

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Contact person:

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

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