Instabank ASA – Sale of option shares by primary insiders

08 May 2026 18:08 CEST

Reference is made to Instabank ASA's (the "Company") stock exchange announcement
published earlier today, 8 May 2026 regarding exercise of share options under
the Company's share option program.

In aggregate 8,608,400 options with a strike price of NOK 1.48 per share were
exercised by primary insiders Anne Jørgensen (COO), Farzad Jalily (CTO), Janne
Perlestenbakken (Head of CRM), Per Kristian Haug (CFO), Robert Berg (CEO),
Jørgen Rui (CMO) and certain other option holders. The exercised options will be
settled by delivery of new shares in the Company.

Save for Jørgen Rui, the primary insiders mentioned above and certain other
option holders have sold in total 4,678,486 option shares at an average price of
NOK 4.2009 per option share in the announced sales process conducted by DNB
Carnegie. The balance between the number of options exercised by the primary
insiders and the number of shares sold by the primary insiders, have been
retained as settlement for the strike price and other payments as part of a
cashless exercise of options under the share option program.

Please see attached form of notification and public disclosure regarding sales
made by primary insiders.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation
(MAR).

For further information, please contact:
Robert Berg, CEO
+47 974 85 610

Per Kristian Haug, CFO
+47 952 38 717

More information:
Access the news on Oslo Bors NewsWeb site

672924_Instabank PDMR Forms.pdf