Oslo ,4 March 2024 . Reference is made to the announcement byNorwegian Block Exchange AS ("NBX" or the "Company") on4 March 2024 regarding the private placement of 21,000,000 new shares in the Company (the "Private Placement") at a subscription price ofNOK 0.60 (the "Offer Price "). The Company intends to carry out a subsequent share offering (the "Subsequent Offering") with non-tradeable subscription rights of up to 4,200,000 new shares in the Company at the Offer Price, directed towards existing shareholders in the Company as of4 March 2024 (as registered with the VPS two trading days thereafter, the Record date) who; (i) were not allocatedOffer Shares in the Private Placement and (ii) are not resident in jurisdictions where such offering would be unlawful, or would (in jurisdictions other thanNorway ) require any prospectus filing, registration or similar action. Date for announcement of terms:4 March 2024 Last day including right to receive subscription rights:4 March 2024 First day excluding right to receive subscription rights:5 March 2024 Record date:6 March 2024 Date of approval: On or about20 March 2024 (extraordinary general meeting grant of authorisation) Maximum number of new shares: 4,200,000 Subscription price:NOK 0.60 Shall the subscription rights be listed: No The Subsequent Offering will be subject to, among other things, (i) completion of the Private Placement, (ii) relevant corporate resolutions including approval by the extraordinary general meeting and (iii) the prevailing market price of the Company's shares being higher than the Offer Price. The Company reserves the right in its sole discretion to not conduct or cancel the Subsequent Offering. The Board will propose that a general meeting, expected to be held on or about20 March 2024 , resolves an authorisation for the Board of Directors to implement the Subsequent Offering on the terms and conditions set out above. The subscription period in the Subsequent Offering will, subject to the above conditions, commence after the resolution by the extraordinary general meeting to be held on or about20 March 2024 . For more information, please contact:Stig Kjos-Mathisen , CEONorwegian Block Exchange AS Email: stig.aleksander.kjos-mathisen@nbx.com Tel: +47 93 28 75 72 This information is published in accordance with the requirements of the Continuing Obligations for companies listed on Euronext Growth Oslo and section 5-12 of the Norwegian Securities Trading Act. Important notice: The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. Neither the Company nor any of its respective affiliates or any of their respective directors, officers, employees, advisors or agents accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available, or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. This announcement has been prepared by and is the sole responsibility of the Company. Neither this announcement nor the information contained herein is for publication, distribution or release, in whole or in part, directly or indirectly, in or into or fromthe United States ,Australia ,Canada ,Japan ,The Hong Kong Special Administrative Region ofthe People's Republic of China ,South Africa or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The publication, distribution or release of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement is not an offer for sale of securities inthe United States . The securities referred to in this announcement have not been and will not be registered under theU.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold inthe United States absent registration with theU.S. Securities and Exchange Commission or an exemption from, or in a transaction not subject to, the registration requirements of theU.S. Securities Act and in accordance with applicableU.S. state securities laws. The Company does not intend to register any securities referred to herein inthe United States or to conduct a public offering of securities inthe United States . Any offering of the securities referred to in this announcement will be made by means of a set of subscription materials provided to potential investors. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned subscription material. In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression "Prospectus Regulation" means regulation (EU) 2017/1129 of theEuropean Parliament and of the Council, of14 June 2017 , (together with any applicable implementing measures in any EEA Member State. This communication is only being distributed to and is only directed at persons in theUnited Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only for relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so. Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believe that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond their control. Such risks, uncertainties, contingencies, and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. Forward-looking statements speak only as of the date they are made and cannot be relied upon as a guide to future performance. The Company expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise. The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice.
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