Norwegian Block Exchange AS

Remuneration Information • Dec 20, 2022

Norwegian Block Exchange issues share options to all employees

Norwegian Block Exchange issues share options to all employees

Oslo 20 December 2022 – Norwegian Block Exchange AS (“NBX” or “the Company”), the first publicly listed cryptocurrencies exchange in the Nordics, has with reference to the established share option program for employees granted 682,454 share options.

The vesting period of the share options are 20% after 18 months, 35% after 24 months and the remaining 45% after 36 months. The strike price of the options is 2.29 NOK, with a 4-year execution period after the up to 3-year vesting period.

The share options have been distributed among all the employees with the following primary key insider granted the following share options.

Stig Aleksander Kjos-Mathisen, CEO: 170,613 share options. Following the grant, Kjos-Mathisen holds a total of 480,457 share options in the Company.

Sturle Valheim Skulevold, COO: 85,000 share options. Following the grant, Skulevold holds a total of 232,494 share options in the Company.

Trond Pettersen, Senior Risk & Compliance Officer: 30,000 share options. Following the grant, Pettersen holds a total of 30,000 share options in the Company.

Inna Romanenko, Head of AML: 20.000 share options. Following the grant, Romanenko holds a total of 46.897 share options in the Company.

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Contact person:

Stig Kjos-Mathisen - CEO Mail: stig.aleksander.kjos-mathisen@nbx.com, Phone: +47 932 87 572

About NBX

Based in Oslo and registered with the Financial Supervisory Authority of Norway, NBX is a publicly listed Norwegian cryptocurrency exchange and custodian. NBX is the first crypto exchange in the Nordics granted an e-money license. In 2022 alone, the exchange had a user base growth of 60%, totaling more than 80,000 users at the end of H1.

The exchange offers instant and localized payment methods such as card and Vipps, in addition to a more professional trading experience and insured custody. NBX aims to launch the first Visa credit card with a cryptocurrency kickback in late 2022. The card solution will be the first of its kind and decrease the gap between traditional finance and cryptocurrencies.

NBX offers global customers easy and secure access to cryptocurrencies, based on the advanced standards of its reference market: the Nordics. To learn more, please visit www.nbx.com