Instabank

Share Issue/Capital Change • Jul 4, 2023

Instabank ASA – New share capital registered

Instabank ASA – New share capital registered

Reference is made to the stock exchange announcements made by Instabank ASA (the "Company") on 5 June 2023 and 12 June 2023 regarding the subsequent offering of up to 6,687,898 new shares in the Company (the "Offer Shares"), each with a nominal value of NOK 1, at a subscription price of NOK 1.57 per Offer Share (the "Subsequent Offering"), and the Company's stock exchange announcement made on 23 June 2023, where the Company announced that it had received valid subscriptions for, and would issue, a total of 1,033,486 Offer Shares in the Subsequent Offering.

The share capital increase pertaining to the 1,033,486 Offer Shares has been registered with the Norwegian Register of Business Enterprises, and the Company's new share capital is NOK 378,261,512, divided into 378,261,512 shares, each with a nominal value of NOK 1.

For further information, please contact:

Robert Berg, CEO

+47 974 85 610

Per Kristian Haug, CFO

+47 952 38 717

This information is subject to the disclosure requirements of section 5-12 the Norwegian Securities Trading Act.