Information about issuance of convertible debt

11 Nov 2024 09:03 CET

Reference is made to the N-OTC announcement published by CondAlign AS on 18
October 2024 and on 4 November 2024 regarding that Condalign need to secure
additional funding to finance the current business to facilitate continued
strategic discussions.

CondAlign has initiated an application period for a convertible loan to raise a
minimum of NOK 6m. The convertible loan can be converted into existing
preference shares at a conversion price of NOK 8.00 per preference share. The
transaction is directed at 1) existing shareholders in the Company as of 15
October 2024, as registered in the VPS on 17 October 2024, in reliance on
applicable prospectus exemptions who have not expressly informed the Company
that they will not subscribe for the convertible loan ("Tranche 1"); and 2) an
institutional offering directed towards qualified investors in accordance with
applicable prospectus exemptions ("Tranche 2"). The extended application period
ended at 8 November 2024 (16:00 hours CET).

Based on received applications the Board of Directors have allocated NOK 10.43m
in the issuance of the convertible loan. This funding will secure time to
support the current business and the ongoing strategic processes the company are
engaged in.

Group CEO Rune Rinnan
Chair CondAlign AS
Mob. +47 900 56 028
rune.rinnan@ntechgroup.no
www.ntechgroup.no

CEO CondAlign AS
Harald Wahl Breivik
Mob. +47 976 33 815
harald.breivik@condalign.no
www.condalign.no

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