Oslo 30 September 2022 - Norwegian Block Exchange AS ("NBX" or "the Company"),
the first publicly listed cryptocurrencies exchange in the Nordics, has today
secured a provisional NOK 100 million capital commitment from LDA Capital Ltd
("LDA"), a Los Angeles based global investment group, by entering into a put
option agreement (the "POA"). This capital commitment has a maximum duration of
three years, and will be released based on drawdowns. NBX has the right to
exercise on the capital commitment at its sole discretion.

"We are very pleased with the LDA agreement. This partnership and the
international recognition it represents, fortifies our belief in NBX becoming
the preferred choice for crypto investing in the region and beyond. We are
already exploring opportunities and I am very excited about the next two years."
Said Stig Aleksander Kjos-Mathisen, CEO at NBX.

LDA Capital's commitment is an injection of up to NOK 100 million in cash within
a 3-year period, in exchange for newly issued equity from NBX. The funds will
strengthen the company's equity base and give it a comparative advantage over
peers with high-cost structures and limited access to funding. In the short
term, the NBX's focus is boosting efforts related to the release of the credit
card with cryptocurrencies rewarding, ongoing projects, and product launches.
Over the long term, NBX will develop initiatives that will fortify its offering,
creating a complete portfolio fitting the wide audience of the Nordics.

"This is a confirmation of our international efforts, and that LDA Capital
recognizes the core values and potential of NBX. This investment will allow us
to grow and expand our services, making cryptocurrencies more accessible and
attainable for anyone! In this challenging market, knowing that funds are
available to us is especially invigorating; this will equip NBX to take
advantage of opportunities bound to come our way." States Torstein Thinn, CFO of
NBX.

"We at LDA are enthusiastic about our partnership with NBX. With its innovative
crypto exchange trading platform and its Visa Credit Card with Cryptocurrency
rewards for account holders, it is leading the Nordics in the crypto-fintech
sector. NBX's growth is potentially explosive as it continues to answer
mainstream consumer needs with user-friendly crypto exchange solutions." said
Warren Baker, Managing Partner of LDA Capital.

NBX may utilize the facility by issuing a put option notice (the "PON") to LDA
to draw down funds in exchange for issuing new shares to LDA. LDA undertakes to
subscribe to NBX's shares upon NBX's exercise of a PON. NBX will control the
timing and maximum amount of any PON, and has the right, not the obligation, to
draw down on the full commitment amount up to NOK 100 million. 

The individual strike price of each put option is determined by the volume
weighted average price (VWAP) of NBX's shares during such 30 day pricing period.
The company has the discretion to set a minimum price for each of the capital
calls.

As part of the Capital Commitment agreement, LDA Capital is also entitled to
receive warrants for up to 2,636,611 new ordinary shares of NBX at an exercise
price of NOK 3.34 per ordinary share. The warrants may be exercised during a
term of three years.

The Capital Commitment and issuance of warrants are dependent on approval by The
NBX' general meeting. The notice for the extraordinary general meeting will be
announced in a separate stock exchange notice soon, along with a further
description of the proposed resolutions.

The funds will be utilized to facilitate NBX's growth in the Nordics and to
strengthen its blockchain-based financial services. After completing a
restructuring this summer, the Company will focus on increasing its customer
base, widening its product portfolio, establishing partnerships, and M&A
activities.

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Contact person: 
Stig Kjos-Mathisen - CEO Mail: stig.aleksander.kjos-mathisen@nbx.com, Phone: +47
93287572

About NBX
Based in Oslo and registered with the Financial Supervisory Authority of Norway,
NBX is a publicly listed Norwegian cryptocurrency exchange and custodian. NBX is
the first crypto exchange in the Nordics granted an e-money license.
 
In 2022 alone, the exchange had a user base growth of 60%, totaling more than
80,000 users at the end of H1. 

The exchange offers instant and localized payment methods such as card and
Vipps, in addition to a more professional trading experience and insured
custody. NBX aims to launch the first Visa credit card with cryptocurrencies
kickback in late 2022. The card solution will be the first of its kind and will
decrease the gap between traditional finance and cryptocurrencies. 

NBX offers. to global customers easy and secure access to cryptocurrencies,
based on the advanced standards of its reference market: the Nordics. To learn
more, please visit www.nbx.com

About LDA Capital
LDA Capital is a global alternative investment group with expertise in
cross-border transactions worldwide. Its team has dedicated their careers to
international & cross-border opportunities having collectively executed over 250
transactions in growth stage businesses across 43 countries with aggregate
transaction values of over US$11 billion. For more information please visit:
www.ldacap.com; For inquiries, please email: info@ldacap.com.

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© Oslo Bors ASA, source Oslo Stock Exchange