Nordic Financials ASA — Capital/Financing Update 2017

Jul 7, 2017

Update on contemplated private placement

Update on contemplated private placement

On 6 June 2017, the extraordinary general meeting of Aega ASA (the "Company") inter alia resolved

to increase the share capital of the Company in connection with a contemplated private placement

of new shares in the Company to raise gross proceeds of up to NOK 150 million and to grant an

authorisation to the Board of Directors of the Company to conduct a repair offering in connection

with said private placement.

The Board of Directors of the Company acknowledges that the Company will not, within the

timeframe for such private placement as set out by the extraordinary general meeting, be able to

conclude an equity raising before the summer holidays, and has resolved to postpone the

contemplated private placement (and hence also the potential repair offering). Due to the

postponement, it will be necessary to call a new extraordinary general meeting to complete any

contemplated private placement.

The Company will revert with more detailed information in due time.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

Further information

Rolf M. Normann, CEO, +47 913 44 134, rmn@aega.no

Markus Enge, CFO, +47 400 64 820, mhe@aega.no

Oslo, Norway, 7 July 2017

Aega ASA