Nordic Technology Group AS Final result and update on subsequent offering

12 Mar 2026 14:00 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") on 3 March 2026 regarding the
launch of a subsequent offering of up to 7,142,857 new shares (the "Offer
Shares") at a subscription price of NOK 1.40 (the "Offer Price") per Offer
Share (the "Subsequent Offering").

The subscription period for the Subsequent Offering ended yesterday on 11
March 2026 at 16:30 CET. By the end of the subscription period, the Company
had received valid subscriptions for 932,139 Offer Shares in the Subsequent
Offering. The board of directors (the "Board") has today resolved that a total
of 932,139 Offer Shares will be allocated at the Offer Price in accordance
with the allocation criteria set out in offering materials, raising gross
proceeds of NOK 1,304,995.

Notifications of allocated Offer Shares in the Subsequent Offering and the
corresponding amount to be paid by each subscriber will be sent out in a
separate letter to each subscriber. Investors that are allocated Offer Shares
can access information on the number of Offer Shares allocated through VPS on
12 March 2026. The due date for payment of the Offer Shares is on 16 March
2026.

Subject to duly and timely payment of the Offer Shares by the subscribers, the
share capital increase pertaining to the Offer Shares is expected to be
registered in the Norwegian Register of Business Enterprises on or about 19
March 2026, and to be delivered to the VPS accounts of the subscribers shortly
thereafter. The Offer Shares will have equal rights and rank pari passu with
the Company's other shares.

For additional information on the Subsequent Offering, including its terms and
conditions, please refer to the offering materials available on the Company's
website, www.nordictechnologygroup.no and on the website of the Manager,
www.arctic.com.

As the private placement and subsequent offering are concluded, and with
reference to the Company's private placement in June 2025, the Company hereby
for the sake of good order cancels any potential subsequent offering of new
shares with record date 12 June 2025. The Company's shares at times traded at
or below the private placement subscription price, and shareholders were
accordingly provided the opportunity to acquire shares in the market at the
same or a lower price than the subscription price that would have applied in
the potential subsequent offering. In light of the above, and with the recent
subsequent offer in mind, the Company will not proceed with a subsequent
offering with record date 12 June 2025.

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

668206_Nordic Technology Group AS Final result and update on subsequent offering.pdf