Nordic Technology Group AS

Capital/Financing Update • Feb 24, 2025

CondAlign – successfully secured convertible loan NOK 9,6 million

CondAlign – successfully secured convertible loan NOK 9,6 million

Reference is made to the NOTC announcement by CondAlign AS ("CondAlign") on 7 February 2025 regarding the contemplated capital raise through the issuance of a convertible loan. CondAlign is pleased to announce that it has received applications for the convertible loan for a total amount of NOK 9,640,000.

The investors who have been allocated parts of the convertible loan will receive a confirmation regarding the allocation within one week after the expiry of the application period, including payment details. The proceeds from the convertible loan can be disposed of by CondAlign before the extraordinary general meeting referred to below, as further set out in the application form.

To formalize the convertible loan pursuant to the Norwegian companies act the Board of Directors of CondAlign hereby convenes an extraordinary general meeting to be held on 10 March 2025. The notice of the general meeting including appendices are attached to this announcement and will also be made available on CondAlign's website.

Rune Rinnan

Group CEO

Chair CondAlign AS

Tel: +47 900 56 028

Harald Wahl Breivik

CEO CondAlign AS

Tel: +47 976 33 815

harald.breivik@condalign.no

About CondAlign:

CondAlign AS, a subsidary of Nordic Technology Group AS (NTG), is a Norwegian deep tech company that develop, manufacture, and sell groundbreaking anisotropic conductive films (electrical and thermal) for the electronics and automotive industry to connect electronics and/or transferring heat. CondAlign is registered at Euronext NOTC.