Nordic Technology Group AS - Launch of Subsequent Offering

03 Mar 2026 08:50 CET

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES OR ANY
OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange announcement published by Nordic
Technology Group AS ("NTG" or the "Company") 29 January 2026 regarding the
successful completion of a private placement raising gross proceeds of NOK
65,260,999 (the "Private Placement"). Reference is further made to the
Company's announcement on 30 January 2026 with key information in relation to
a subsequent offering (the "Subsequent Offering") of up to 7,142,857 new
shares (the "Offer Shares") at a subscription price of NOK 1.40 per share (the
"Offer Price"). The Offer Price is equal to the offer price in the Private
Placement.

The Company has resolved to proceed with the Subsequent Offering, which may
raise total gross proceeds of up to NOK 9,999,999.80. The Subsequent Offering
will be directed towards existing shareholders in the Company as of the end of
trading on 29 January 2026, as registered in Euronext Securities Oslo ("VPS")
on 2 February 2026 (the "Record Date"), who (i) were not included in the
pre-sounding phase of the Private Placement, (ii) were not allocated new
shares in the Private Placement and (iii) are not resident in a jurisdiction
where such offering would be unlawful or would (in jurisdictions other than in
Norway) require any prospectus, filing, registration or similar action (the
"Eligible Shareholders").

Eligible Shareholders will be granted 0.22748 non-tradable subscription rights
(the "Subscription Rights") for each existing share registered as held by such
Eligible Shareholder as of the Record Date. Each subscription right will,
subject to applicable law, give the right to subscribe for, and be allocated,
one (1) share in the Subsequent Offering. Over-subscription by Eligible
Shareholders having received subscription rights will be permitted; however,
there can be no assurance that new shares will be allocated for such
subscriptions. Subscription without subscription rights will not be permitted.

The subscription period for the Subsequent Offering commences on 3 March 2026
at 09:00 CET and ends on 11 March 2026 at 16:30 CET (the "Subscription
Period").

The Company, in consultation with the Manager (as defined below), reserves the
right to extend the Subscription Period for the Subsequent Offering at any
time and without any prior written notice and at its sole discretion.

The terms and conditions for the Subsequent Offering are set out in the
offering material available on the Company's website,
www.nordictechnologygroup.no and on the website of the Manager,
www.arctic.com. Reference is also made to the investor presentation available
therein dated 3 March 2026 which includes, inter alia, a description of the
Company and the material risk factors associated with an investment in the
Company's shares.

Subscriptions by Eligible Shareholders may be made through VPS' electronic
solution for share subscription, or by correctly completing and signing a
subscription form and delivering it to the Manager (by mail or email) as set
out in the subscription form, within the end of the Subscription Period.
Subscription Rights that are not used to subscribe for new shares before the
expiry of the Subscription Period will have no value and will lapse without
compensation to the holder.

The due date for payment of the new shares is expected to be on 16 March 2026.
The new shares will, after registration of the share capital increase in
Norwegian Register of Business Enterprises pertaining to the new shares, be
registered in the VPS in book-entry form and are expected to be delivered to
the applicant's VPS account on or about 19 March 2026. The new shares will
have equal rights and rank pari passu with the Company's other shares.

Completion of the Subsequent Offering is subject to (i) due payment for the
Offer Shares by the subscribers, (ii) the Board of Directors of the Company
resolving to approve the Subsequent Offering and issue and allocate the Offer
Shares based on the authorization granted by the general meeting of the
Company held on 12 February 2026, (iii) registration of the share capital
increase pertaining to the Subsequent Offering with the Norwegian Register of
Business Enterprises, and (iv) delivery of the New Shares to the subscribers
in the VPS.

Arctic Securities AS is acting as sole manager (the "Manager") and
Advokatfirmaet Wiersholm AS is acting as legal counsel to the Company in
connection with the Subsequent Offering.

For additional information, please contact:
CEO Rune Rinnan
Mob. +47 900 56 028
rune.rinnan@ntechgroup.no

About Nordic Technology Group
Nordic Technology Group (NTG) is dedicated to technologies contributing to
solve society challenges by using electronics and software as its building
blocks. By devotion to its technology segments, sensor and clean-tech, NTG is
targeting international markets and building industry leaders, by utilizing
synergies within and across each of its technology sectors and by leveraging
on its extensive patent library to secure shareholder value and growth.
Important notice:

This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company. Copies of
this announcement are not being made and may not be distributed or sent into
any jurisdiction in which such distribution would be unlawful or would require
registration or other measures.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities
laws. The Company does not intend to register any part of the offering in the
United States or to conduct a public offering of securities in the United
States. Any sale in the United States of the securities mentioned in this
announcement will be made solely to "qualified institutional buyers" as
defined in Rule 144A under the Securities Act.

This announcement is not a prospectus for the purposes of Regulation (EU)
2017/1129 of the European Parliament and of the Council of 14 June 2017 on
prospectuses to be published when securities are offered to the public or
admitted to trading on a regulated market, and repealing Directive 2003/71/EC
(as amended) as implemented in any Member State. The issue, subscription or
purchase of shares in the Company is subject to specific legal or regulatory
restrictions in certain jurisdictions. Neither the Company nor the Manager
assumes any responsibility in the event there is a violation by any person of
such restrictions. The distribution of this release may in certain
jurisdictions be restricted by law. Persons into whose possession this release
comes should inform themselves about and observe any such restrictions. Any
failure to comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.

Copies of this announcement are not being made in, and may not be distributed
or sent to, Australia, Canada, Japan or the United States.
Neither the Manager nor any of its affiliates makes any representation as to
the accuracy or completeness of this announcement and none of them accepts any
responsibility for the contents of this announcement or any matters referred
to herein.

This announcement is for information purposes only and is not to be relied
upon in substitution for the exercise of independent judgment. It is not
intended as investment advice and under no circumstances is it to be used or
considered as an offer to sell, or a solicitation of an offer to buy any
securities or a recommendation to buy or sell any securities of the Company.
Neither the Manager nor any of its affiliates accepts any liability arising
from the use of this announcement.

More information:
Access the news on Oslo Bors NewsWeb site

667335_Nordic Technology Group AS - Launch of Subsequent Offering.pdf