Huddlestock Fintech

Business and Financial Review • May 3, 2023

Huddlestock signs first Family Office to use the Portfolio Management platform

Huddlestock signs first Family Office to use the Portfolio Management platform

3.5.2023 08:46:14 CEST | Huddlestock Fintech AS | Non-regulatory press releases

(Stavanger, NORWAY - 3 May 2023) Huddlestock Fintech AS (OSE: HUDL): Signs the

first Family Office to use Portfolio Management System and reporting platform.

Huddlestock Fintech AS, a provider of innovative, end-to-end technology

solutions to the capital markets, treasury and wealth management industries, has

entered into an agreement with a Norwegian Family Office to start using the

Portfolio Management System (PMS) and reporting platform for their investment

portfolios. The client wants to be anonymous, and it is therefore agreed between

the parties that the client`s name shall not be published.

In choosing the digital PMS and reporting platform, the Family Office will be

able to have a complete system for entering, monitoring, and reporting all their

investments into one digital system. The platform allows for all investment

products to be entered whether it is listed on a regular stock exchange or if it

is an "over the counter" investment. Huddlestock Investor Services will

administer the service and assist the client with required support. The client

will initially operate the technical platform themselves with the administration

of user groups, set up of ISIN numbers, define investment objectives, input

investment transactions, and create customised and required reports. The system

is a cloud-based SaaS solution with a 2-factor authentication for secure access.

The signed agreement will provide Huddlestock with NOK 300.000-400.000 in annual

recurring revenue initially.

"We are delighted that this family office has chosen to work with us. Through

Huddlestock Investor Services, the client will experience a digitalised platform

to allow them to gain greater visibility and control over all their investments

in one solution as well as efficiency in reporting functionality. We are

thrilled to accompany client on their journey," says John E. Skajem, Group CEO

Huddlestock Fintech.

The service will be powered by Huddlestock Investor Services in cooperation with

our partner, Britech. Britech is long standing partner of Huddlestock and

delivers a technical solution named Pivolt. Huddlestock Investor Services has

incorporated Pivolt in the current technical platform which has been operational

for many years. The implementation is already underway and will be live during

first half of 2023.

The agreement delivers on the wide range of Huddlestock's product offering. The

wealth management sector of the capital market is part of the company´s core

focus area, and it is exciting to see that the solution offered serves all

aspects required by a demanding Family Office requiring a portfolio management

and reporting solution. Huddlestock is pleased to see the client as their first

client utilising the offering in Scandinavia.

This information is subject to the disclosure requirements according to Section

5-12 of the Norwegian Securities Trading Act.

To see all press and investor releases please have a look in the investor

relations section of our corporate website

www.huddlestock.com/investor-relations -

http://www.huddlestock.com/investor-relations

For further information, please contact:

John E. Skajem, CEO, +47 418 87 412, john.skajem@huddlestock.com

Leif Arnold Thomas, Chief Corporate Development, +47 982 15 520,

leif.thomas@huddlestock.com

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* John E. Skajem, Chief Executive Officer, Huddlestock Fintech, +47 418 87 412,

john.skajem@huddlestock.com

* Leif Arnold Thomas, Chief Corporate Development, Huddlestock Fintech -

Corporate Development, +47 982 15 520, leif.thomas@huddlestock.com

ABOUT HUDDLESTOCK FINTECH AS

Huddlestock Fintech is an innovative technology software provider with a leading

expert professional services business. We deliver innovative and sustainable

technology solutions to the capital markets, treasury and wealth management

industries.

Through its technology offering, Huddlestock offers an innovative, compliant,

and data-centric WealthTech SaaS, accelerating the digital transformation, and

trends of hyper-personalization and on-demand banking within the wealth

management industry. Huddlestock's SaaS empowers the embedding of low-cost,

efficient white-label trading and investment services, underpinning

Huddlestock's mission of delivering financial inclusion by democratizing access

to capital markets.

Through its world-class expert professional services business, Huddlestock

delivers strategic technology solutions and process automation for the financial

services industry. This range of services has propelled Huddlestock into

becoming the preferred supplier of financial consultancy services and technology

solutions in the Nordic region. Huddlestock Fintech AS was listed on Euronext

Growth Market 26th November 2020, as Norway's first fintech company to be

publicly traded.

For more information, please visit www.huddlestock.com -

http://www.huddlestock.com/

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17848032/2311/3176/Download%20announcement

%20as%20PDF.pdf

HSF IR Family Office agreement 20230503.pdf -

https://kommunikasjon.ntb.no/ir-files/17848032/2311/3175/HSF%20IR%20Family%20Off

ice%20agreement%2020230503.pdf