Third interim dividend from Powerpool Mining SL and status update

14 Oct 2024 12:00 CEST

Oslo/Madrid 14th of October 2024

With reference to stock exchange announcement on the 20th of June 2024.

The board of Powerpool Mining SL, a 65,65% owned subsidiary of Lokotech Group
AS, held a board meeting today and decided to pay a third interim dividend of
35.000 Euros gross.

The board wishes to inform the market that the dividend is decided to be
somewhat low due to the following reasons:

Amortization of developed software prohibits a larger interim dividend without
moving into a paper loss caused in close to entirety by this amortization. The
Board of Directors are exploring a reduction in share premium fund as a
replacement for the fourth and last interim dividend.

And;

Increased investment in growth initiatives that is expected to generate cash
flows in Q4 2024 and onwards, whereas:

The company is investing in SOC1 and SOC2 certification to adhere to U.S.
enterprise size clients’ requirements.

The company has a non-disclosed initiative to increase attractiveness for
enterprise size operations that requires some working capital to initiate
pilots.

Furthermore, the company has agreed to a commission based model and recruited an
agent in the U.S. to accelerate growth.

The company is exploring the same type of agency model with several industry
players in China and other markets that are challenging to reach from Northern
Europe.

For a month-over-month comparison for August 2024 with August 2023, the gross
revenue of Powerpool Mining Sl is approximately 5.3x measured in euros.

For more information, contact us at post@lokotech.no

For live data, check powerpool.io

This information is mandatory in accordance with Section 5-12 of the Norwegian
Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site