Norwegian Block Exchange AS

Share Issue/Capital Change • Jan 17, 2025

Norwegian Block Exchange AS – Awaiting approval of the issuance of offer shares in the rights issue

Norwegian Block Exchange AS – Awaiting approval of the issuance of offer shares in the rights issue

Oslo, 17 January 2025. Reference is made to the stock exchange notice from Norwegian Block Exchange AS ("NBX" or the "Company") on 10 December 2024 regarding the completion and results of the partially underwritten rights issue of up to NOK 17,000,000 through issuance of up to 68,518,518 new shares (the "Offer Shares") in the Company at a subscription price of NOK 0.27 per share (the "Rights Issue").

The completion of the share capital increase pertaining to the Rights Issue, is subject to (i) the corporate resolutions of the Company required to implement the Rights Issue, including issuing of the Offer Shares being valid, (ii) the Norwegian Financial Supervisory Authority approving the application for the share capital increase pertaining to the Rights Issue, and (iii) the share capital increase pertaining to the issuance of the allocated Offer Shares being registered with the Norwegian Register of Business Enterprises and the allocated Offer Shares being validly issued and registered in VPS.

The Company has applied for approval of the share capital increase as noted in condition (ii) from the Norwegian Financial Supervisory Authority but has not yet received such approval. Consequently, the delivery of the Offer Shares is delayed compared to the original timeline. The Company is following up with the Norwegian Financial Supervisory Authority, and there is no reason for the Company to not expect such approval.

For more information, please contact:

Stig Kjos-Mathisen, CEO Norwegian Block Exchange AS

Email: Stig.aleksander.kjos-mathisen@nbx.com

Tel: +47 93 28 75 72

-------------

About Norwegian Block Exchange (NBX) NBX is a financial services company building products and services based on digital assets. NBX is registered with the Norwegian Financial Supervisory Authority and is listed on Oslo Stock Exchange Euronext Growth.