Nordic Unmanned ASA

Report Publication Announcement • Apr 1, 2022

Nordic Unmanned (NUMND) published Annual Report

Nordic Unmanned (NUMND) published Annual Report

1.4.2022 07:00:00 CEST | Nordic Unmanned | Annual financial and audit reports

Nordic Unmanned today published its Annual Report for 2021

Highlights of 2021

? Revenue growth of 60%

? Received the European Light UAS Operator Certificate (LUC) issued by the

Norwegian Civil Aviation Authority as the first European drone operator with a

certificate covering multiple systems.

? Awarded P46 and OP1, representing more than EUR 25 million of the contract

backlog.

? Acquired AirRobot and Ecoxy, in addition to opening the Nordic Unmanned UK

office.

? Created NUAer, a joint venture with Finnish company Aeromon devoted to

emission monitoring services.

? Surpassed over 1400 BVLOS flight hours on Camcopter S-100, doubling the hours

from 2020.

? Awarded breakthrough offshore logistic contract with Equinor.

? Unveiled the Staaker Railway Drone, which has gained world-wide attention.

? Dual operations for the first time with the CAMCOPTER S-100 systems.

? Strengthened available capital for growth during 2021, including NOK 218

million of additional equity.

? After the balance date, a NOK 20 million five-year non amortising credit

facility with Innovasjon Norge and an increase of the existing EUR 2 mill

overdraft facility with SR-Bank to EUR 5 million were added.

The annual report is attached.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act. The announcement was made by Trond

Østerhus, CFO, on 01.04.2022, at 07:00 CET.

CONTACTS

* Knut Roar Wiig, CEO, +47 92 66 66 59, krw@nordicunmanned.com

* Trond Østerhus, CFO, +47 95 99 08 79, to@nordicunmanned.com

ABOUT NORDIC UNMANNED

Nordic Unmanned is global leader of high-end products and services related to

drones and data capture. Through world-wide operational experience and industry

leading expertise, Nordic Unmanned supports large governmental and industrial

clients in the adaption of unmanned systems and services.

Founded in 2014, the Group has offices in Sandnes, Oslo, Molde, Odense (DK),

Cranfield (UK) and Arnsberg (GER) and has quickly become one of Europe's leading

providers of unmanned systems and services, with operations across the

continent. The Group is ISO 9001-2015 and certified by for the operation,

maintenance, sale, design, development, and production, with of unmanned systems

and sensor technology. and sensor technology. The production is also AS9100

certified.

For more information visit nordicunmanned.com - https://nordicunmanned.com/

ATTACHMENTS

Nordic Unmanned 2021 Annual Report.pdf -

https://kommunikasjon.ntb.no/ir-files/17847587/1329/1790/Nordic%20Unmanned%20202

1%20Annual%20Report.pdf