Norwegian Block Exchange AS – Registration of Share Capital Increase

25 Jun 2025 08:50 CEST

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.

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