Instabank ASA – Exercise of subscription rights in the subsequent offering by primary insiders and close associates

24 Nov 2025 20:20 CET

Oslo, 24 November 2025: Reference is made to the stock exchange announcements
made by Instabank ASA (the "Company") on 7 November 2025 and 12 November 2025
regarding the subsequent offering of up to 10,000,000 new shares in the Company
(the "Offer Shares") at a subscription price of NOK 2.90 per Offer Share (the
"Subsequent Offering").

The Company has today been informed that the following primary insiders and
close associates have exercised subscription rights:

- Karen Therese Edelberg (Chief Risk & Compliance Officer) has exercised 3,670
subscription rights and oversubscribed for Offer Shares, and will be allocated
7,783 Offer Shares in the Subsequent Offering.

- Odd Harald Hauge (board member) through Barske Gleder AS has exercised 78,234
subscription rights and oversubscribed for Offer Shares, and will be allocated
165,947 Offer Shares in the Subsequent Offering.

- Lill Anita Skålbones Grimstad (close associate of Robert Berg, CEO) has
exercised 124,572 subscription rights and oversubscribed for Offer Shares, and
will be allocated 264,241 Offer Shares in the Subsequent Offering.

Please see the attached forms of notification and public disclosure for further
information.

This information is subject to the disclosure requirements set out in set out in
the Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities
Trading Act section 5-12.

More information:
Access the news on Oslo Bors NewsWeb site

660439_Instabank ASA - PDMR Forms (24.11.2025).pdf