DDM Holding AG (First North Growth Market: DDM) announces that it is acquiring a minority stake in Nordiska Kreditmarknadsaktiebolaget (publ) ("Nordiska"), a leading Nordic credit institution with total assets of approximately SEK 8bn, to combine Swiss Bankers and the cloud-based banking platform Omnio under the newly formed Nordiska Financial Solutions Group.

As part of this transaction, DDM has also extended its agreement to acquire 100% of the share capital of Swiss Bankers Prepaid Services AG ("Swiss Bankers") which was initially signed in December 2021 and which will be assumed by Nordiska. Swiss Bankers is the market leader in prepaid cards in Switzerland and provides innovative, deposit-based payment products and offers solutions in cashless, globally secure payment transactions. As of 30 June 2022, Swiss Bankers, which holds a banking licence, had total assets of approximately CHF 390m. The purchase price for Swiss Bankers is in the range between CHF 40m and CHF 50m and will be financed by cash on hand.

The combined group will be led by the Nordiska's CEO, Mikael Gellbäck.

This transaction follows DDM's strategy to act as an investor and partner for financial institutions in Europe and to acquire assets and participations in companies previously held by banks, assisting them in digitalisation and the distribution of low-cost financial consumer products.

DDM will become the largest shareholder in Nordiska with a minority stake and will support its transition to a Pan-European cloud-based, fully digitalized financial solutions group focussing on European bank consumers.

The closing of the transaction is subject to certain conditions including the granting of all necessary regulatory approvals.

The Chairman of DDM, Jorgen Durban, has stepped down from his roles at DDM and will concentrate on his role as Chairman of Nordiska. Andreas Tuczka, board member of DDM since 2017, will become Chairman of DDM and upon closing join the board of Nordiska.

This information is of the type that DDM Holding AG is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 18:00 CET on 4 October 2022.