Norwegian Block Exchange AS

Board/Management Information • Sep 30, 2022

NBX Chief Financial Officer Torstein Thinn to leave the company at the end of 2022

NBX Chief Financial Officer Torstein Thinn to leave the company at the end of 2022

Oslo 30 September 2022 – Norwegian Block Exchange AS (“NBX” or “the Company) advises that Chief Financial Officer Torstein Thinn resigns in order to pursue a career opportunity with a different company. Mr. Thinn will remain with NBX until the end of 2022 as part of the management group and support the transition to a new CFO.

Torstein Thinn has been with NBX for over 2 years and has been a significant contributor to building the company.

“It has been a demanding decision to leave the company in this pivotal time. NBX is a thriving company with exceptional people, and it has been a privilege to be a part of the NBX family. Given the recent restructuring, the card program, and funding arrangements, I am comfortable that I leave a company in a strong competitive position and I have great faith in my colleagues’ ability to continue writing this unique success story,” said Torstein Thinn. “I am looking forward to supporting NBX for the remainder of my tenure by working with the management to ensure a smooth transition with the next CFO.

“On behalf of all at NBX I would like to acknowledge Torstein for his strong commitment and full dedication to NBX. Torstein has played an important role in making NBX what it is today. We will miss him greatly, but understands that he wants to pursue different challenges as CEO of AKJ. The Board and I wish Torstein all the very best in his new role.” Says CEO Stig Aleksander Kjos-Mathisen

NBX has commenced a search process for a new Chief Financial Officer.

DISCLOSURE REGULATION

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

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Contact person:

Stig Kjos-Mathisen - CEO Mail: stig.aleksander.kjos-mathisen@nbx.com, Phone: +47 93287572

About NBX

Based in Oslo and registered with the Financial Supervisory Authority of Norway, NBX is a publicly listed Norwegian cryptocurrency exchange and custodian. NBX is the first crypto exchange in the Nordics granted an e-money license.

In 2022 alone, the exchange had a user base growth of 60%, totaling more than 80,000 users at the end of H1.

The exchange offers instant and localized payment methods such as card and Vipps, in addition to a more professional trading experience and insured custody. NBX aims to launch the first Visa credit card with cryptocurrencies kickback in late 2022. The card solution will be the first of its kind and will decrease the gap between traditional finance and cryptocurrencies.

NBX offers global customers easy and secure access to cryptocurrencies, based on the advanced standards of its reference market: the Nordics. To learn more, please visit www.nbx.com