NBX Appoints Nicolai Lunde as CFO to Spearhead Digital Asset Bank Transition

13 Sep 2024 08:30 CEST

Oslo, September 13, 2024 – Norwegian Block Exchange AS (NBX), the first publicly
listed cryptocurrency exchange in the Nordics and a leader in digital asset
services, is pleased to announce the appointment of Nicolai Lunde as Chief
Financial Officer (CFO), effective September 16, 2024.

Nicolai Lunde will assume the role of CFO at NBX, where he will play a pivotal
role in the company's strategic plan to evolve into a digital asset bank. This
transition aims to bridge the gap between traditional finance and the rapidly
growing cryptocurrency sector, positioning NBX at the forefront of financial
innovation in the Nordics.

Nicolai joins NBX from his previous position at Kistefos AS. His extensive
experience includes serving as a Board Member at Morrow Bank ASA, where he was
part of the Audit and Risk Committee. Prior to joining Kistefos, Nicolai worked
as Head of Analysis in Bank Norwegian focusing on Risk Management and Operative
improvements. His previous experience includes Consultancy in EY as Internal
Auditor for the Financial Services Risk Management division and Analyst &
Advisory roles in Nordea.

Mr. Lunde holds a Master of Science in Corporate Finance from Cass Business
School and a Master of Arts in Business & Finance from Heriot-Watt University.

"We are thrilled to have Nicolai join our team," said Stig Aleksander
Kjos-Mathisen, CEO of NBX. "Over the past few years, we've had the benefit of
his valuable insights as our point of contact at Kistefos, one of our key
investors. I am confident that he is the ideal candidate for this role. His
expertise will be invaluable as we navigate the transition to becoming a digital
asset bank, a phase in which Nicolai will play a leading role."

"I am very much looking forward to taking on the role as CFO in NBX," Mr. Lunde
commented. “This is a pivotal time in NBX's strategic development, and I'm
excited to help realize our ambitious growth plans going forward. Throughout my
career, my focus has been on consumer and traditional banking, recently as a
member of the board, but mostly in operational roles. I will leverage this
experience together with Stig and the team to deliver on the board's agenda
creating value for all stakeholders."

About NBX
Norwegian Block Exchange AS (NBX) is the first publicly listed cryptocurrency
exchange in the Nordics. Founded in 2018, NBX has quickly established itself as
a trusted platform for trading and storing digital assets. With a commitment to
security, compliance, and innovation, NBX is paving the way for the future of
finance in the Nordic region. The company's transition to a digital asset bank
represents its next step in revolutionizing the financial landscape.

For more information about NBX, visit www.nbx.com

Media Contact
For further information, please contact: Nicolai Lunde, CFO, +47 93 49 70 79

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