Cessation of business CondAlign AS

18 Nov 2025 14:34 CET

On 18 November 2025, the Board of Directors in CondAlign AS filed for
bankruptcy in the Company to Oslo District Courts. Nordic Technology Group AS
(NTG) wrote down the cost of the investment in CondAlign as of 31.12.2024 and
all CondAlign shares owned by NTG were sold in August 2025 for a total
consideration of NOK 1.00. As previously disclosed, NTG has a guarantee
towards DNB on behalf of CondAlign AS limited up to NOK 16 million. DNB has a
lien on assets in CondAlign, and NTG management will seek to be engaged with
DNB, and the court appointed trustee regarding sale of CondAlign assets
consisting of an extensive technology IP portfolio of 86 patents, of which 75
is granted and 11 is pending. NTG management estimates current exposure of
around NOK 13 million minus potential sales value of CondAlign technology and
product portfolio, if any. NTG will inform the outcome of this when resolved.

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659963_Cessation of business CondAlign AS.pdf