Nordic Unmanned ASA

Nordic Unmanned AS: Share capital increase - exercise of options

17.1.2022 08:23:19 CET | Nordic Unmanned | Total number of voting rights and

capital

The board of directors of Nordic Unmanned AS (the "Company") (OSE: NUMND) has in

a board meeting held today resolved to increase the Company's share capital with

NOK 155,000 by the issuance of 155,000 new shares, each with a nominal value of

NOK 1.00, in order to facilitate the exercise of 155,000 options under the final

part of Company's existing share option program, which was established in 2019.

There are a total of 22 employees included in this share option program for

first generation employees, including primary insiders Knut Roar Wiig (CEO) and

Lars Landsnes (COO). The exercise price per new share under the terms of the

share option program is NOK 5.00. The board of directors' resolution to increase

the share capital of the Company was made pursuant to the authorization granted

to it by the annual general meeting held on 26 May 2021.

Following the registration of the share capital increase with the Norwegian

capital of the Company will be NOK 26,443,984, divided into 26,443,984 shares,

each with a nominal value of NOK 1.00. The share capital increase will be

registered with the Norwegian Register of Business Enterprises as soon as

practically possible after the share contribution has been fully paid.

DISCLOSURE REGULATION

The information included in this announcement is such that the Company is

required to disclose in accordance with section 19 of the EU Market Abuse

Regulation (MAR) and section 5-12 of the Norwegian Securities Trading Act.

The announcement was made by Trond Østerhus, CFO, on the 17 January 2022.

CONTACTS

* Knut Roar Wiig, CEO, +47 92 66 66 59, [email protected]

* Trond Østerhus, CFO, +47 95 99 08 79, [email protected]

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, 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/

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