Nordic Unmanned ASA

Share Issue/Capital Change • Dec 7, 2022

Key information relating to the potential repair issue to be carried out by Nordic Unmanned ASA

Key information relating to the potential repair issue to be carried out by Nordic Unmanned ASA

8.12.2022 00:00:54 CET | Nordic Unmanned | Additional regulated information

required to be disclosed under the laws of a member state

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN CANADA,

JAPAN, AUSTRALIA OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH

RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES

NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange announcement published on 7 December

2022 by Nordic Unmanned ASA ("Nordic Unmanned" or the "Company") (ticker: NUMND)

announcing the successfully placed private placement of new shares in the

Company, with gross proceeds of approximately NOK 70 million (the "Private

Placement"), and that the Company is considering to conduct a subsequent

offering of up to 11,666,666 new shares directed towards eligible shareholders

(the "Subsequent Offering").

Key information:

Date on which the terms and conditions of the repair issue were announced: 7

December 2022

Last day including right: 7 December 2022

Ex-date: 8 December 2022

Record date: 9 December 2022

Date of approval: EGM expected on or about 22 December 2022

Maximum number of new shares: 11,666,666

Subscription price: NOK 6 per share

Other information: The Subsequent Offering is conditional on, inter alia, the

Company's general meeting granting the Board with an authorisation to carry out

the Subsequent Offering and the Board resolving to carry out the Subsequent

Offering. Launch of a Subsequent Offering, if carried out, may also be

contingent on publishing of a prospectus. Further description of the Subsequent

Offering and the terms and other circumstances that must be taken into

consideration when subscribing for shares will be announced later.

Notwithstanding the foregoing, the Company's Board may, in its sole discretion,

decide that the Company shall not carry out the Subsequent Offering, for example

if the prevailing market price of the Company's share trade lower than the

subscription price, thereby making a subsequent offering redundant.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Knut Roar Wiig, CEO, +47 92 66 66 59, krw@nordicunmanned.com

* Trond Østerhus, CFO, +47 95 99 08 79, to@nordicunmanned.com

ABOUT NORDIC UNMANNED

Nordic Unmanned is the leading European operator and service provider of

high-end drones and data capture, supporting governments and industrials with

own and third-party IP.

Founded in 2014, the Group has offices in Sandnes, Molde, Odense (DK), Cranfield

(UK), Hasselt (BE), Arnsberg (GER) and Baltimore (US) and has become one of the

leading providers of unmanned systems and services, with operations across

Europe. Nordic Unmanned has one of the world's most comprehensive permits to fly

beyond visual line of sight (BVLOS), through the EASA approved Light UAS

operator Certificate (LUC). The Group owns proprietary technology and is OEM for

the drone products Staaker, AirRobot and DroneMatrix, in addition to being a

distributor of unmanned aerial systems produced by Lockheed Martin, Textron and

Sky-Hero. Its subsidiary Ecoxy is a Nordic leader in measurement, reporting and

verification of maritime and industrial emissions. Group companies are ISO

9001-2015 and AS9100 certified for the operation, maintenance, sale, design,

development, and production of unmanned systems and sensor technology.

For more information visit - https://nordicunmanned.com/