Norwegian Block Exchange AS

Share Issue/Capital Change • Dec 14, 2021

Norwegian Block Exchange AS (NBX) – First day of trade for NBX on Euronext Growth

Norwegian Block Exchange AS (NBX) – First day of trade for NBX on Euronext Growth

Oslo 14 December 2021 – Norwegian Block Exchange AS (Ticker: NBX) is of today available for public trading on Euronext Growth in Oslo.

The company offers a complete service of trading in cryptocurrencies, allowing its users to trade cryptocurrencies using Norwegian, Swedish and Danish Kroner, in addition to Euro. NBX is headquartered in Oslo, Norway and registered with the Financial Supervisory Authority of Norway (FSA) and aims to grow in the Nordic and European markets. NBX is the first crypto exchange to be listed on Euronext.

– Today marks an important milestone not only for Norwegian Block Exchange (NBX), but for the entire crypto industry. With today’s listing on Euronext Growth, NBX will be one of the first crypto exchanges globally to be publicly listed. A publicly traded stock will be an important tool for us as we pursue our growth plans. At the same time, we are now opening doors to the world of crypto not only to customers on our trading platform, but to those who want to invest in our company, says CEO Stig Aleksander Kjos-Mathisen.

NBX aims to grow its portfolio of services to include both payment services and in the longer-term full banking services – all based on crypto currencies and blockchain technology. The company was founded by Norwegian Air Shuttle founder Bjørn Kjos, who saw a potential to make the payment process in international travel more efficient.

– Crypto currency and blockchain technology will change the global financial system completely. We want to play a leading role in this transition and offer both our users and shareholders a way to take part in the development of the new industry, says CEO Stig Aleksander Kjos-Mathisen.

Pareto Securities AS is acting as advisor (the "Advisor") for NBX in connection with the listing on Euronext Growth. Advokatfirmaet Selmer AS is acting as legal counsel to NBX and AGP Advokater AS is acting as legal counsel to Pareto Securities AS. Corporate Communications AS is acting as communications advisor to NBX.

Contact persons:

Stig Kjos-Mathisen, CEO

Email: stig.aleksander.kjos-mathisen@nbx.com, Phone: +47 932 87 574

Torstein Thinn, CFO

Email: torstein.thinn@nbx.com, Phone: +47 986 44 144

Liv Freihow, Director Communications and Public Affairs

Email: liv.freihow@nbx.com, Phone: +47 482 50 924

About NBX:

● Truly Norwegian cryptocurrency exchange and custodian.

● Based in Oslo and registered with the Financial Supervisory Authority of Norway,

● Offers an easy and secure access to cryptocurrency for everyone, focusing on the Nordic markets, but open for customers globally

● 25,000 customers at the end of September 2021

● Trading volume of NOK 929 million during the first nine months of 2021

● 21 employees & 12 consultants in 12 countries. Headquarters at Fornebu.

● Largest shareholders: Observatoriet Invest AS (Bjørn Kjos, 31.8%), Sparebanken Øst (9.9%), Kistefos Investment AS (9.3%), Nye Km Aviatrix Invest AS (8.1%), Dasha Invest (5.0%) and MP Pensjon (4.7%)

Important information

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Norwegian Block Exchange AS (the "Company") believe that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond their control. Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in public sector investment levels, changes in the general economic, political and market conditions in the markets in which the Company operates, the Company's ability to attract, retain and motivate qualified personnel, changes in the Company's ability to engage in commercially acceptable acquisitions and strategic investments, and changes in laws and regulation and the potential impact of legal proceedings and actions. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not make any guarantee that the assumptions underlying the forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this announcement.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement. Neither the Advisor nor any of its affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein.