Instabank — Share Issue/Capital Change 2023

May 25, 2023

Instabank ASA – New share capital registered

Instabank ASA – New share capital registered

Reference is made to the stock exchange announcement published by Instabank ASA (the "Company") on 4 May 2023 regarding the successful completion of a private placement raising approximately NOK 70 million in gross proceeds (the "Private Placement").

The share capital increase pertaining to the Private Placement has been registered with the Norwegian Register of Business Enterprises, and the Company's new share capital is NOK 377,228,026, divided into 377,228,026 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.