Norwegian Block Exchange AS

Share Issue/Capital Change • Jun 25, 2025

Norwegian Block Exchange AS – Registration of Share Capital Increase

Norwegian Block Exchange AS – Registration of Share Capital Increase

Oslo, 25 June 2025. Reference is made to the stock exchange notice from Norwegian Block Exchange AS ("NBX" or the "Company") on 23 June 2025 regarding a conversion of approximately NOK 7.95

million of outstanding loan and interest against issuance of 29 454 296 shares. The conversion strike price follows the convertible loan agreement and automatically adjusts to the latest rights issue. The process with primary insiders started when the stock was trading at 0,205 on April 15th, but has been delayed due to formalia. In addition to primary insiders, some smaller creditors have also exercised their right to convert at the same terms.

The share capital increases have now been duly registered in the Register of Business Enterprises.

Following the share capital increase, the Company's share capital is NOK 47,003,147 divided into 235,015,735 shares, each share having a par value of NOK 0.20. Each share represents one vote at the Company's general meeting.

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