Nordic Technology Group AS

Regulatory Filings • Jan 15, 2025

NTG write down of CrayoNano financial asset

NTG write down of CrayoNano financial asset

Reference is made to NTG´s press release on 12 September 2024 and CrayoNano´s press release on NOTC today. Nordic Technology Group AS (NTG) has a financial holding of around 14,9% in CrayoNano AS. The management and board of directors of CrayoNano with advisor have not received subscriptions for the convertible loan to cover the minimum amount of NOK 15 million. The board of directors of CrayoNano has thus decided today to file for bankruptcy. Based on this, NTG will write down in full the investment in CrayoNano AS with effect from 31.12.2024 with NOK 80,97 million. The write down will not have any cash effect on NTG´s operations.

For further information, please contact:

Rune Rinnan

Chief Executive Officer

E-mail: rune.rinnan@ntechgroup.no

About Nordic Technology Group

Nordic Technology Group (NTG) is dedicated to technologies contributing to solve society challenges by using electronics and software as its building blocks. By devotion to its technology segments, sensor, nanomaterials and clean-tech, NTG is targeting international markets and building industry leaders, by utilizing synergies within and across each of its technology sectors and by leveraging on its extensive patent library to secure shareholder value and growth.