FINANCIAL REPORT H1 2022 [January 1st - June 30st, 2022]

• New Chairman of the Board appointed at the annual shareholders meeting. Torjus Gylstorff, who has been a board member since October 2020, is now Chairman.
• Charlotte Enlund joined the board, adding skills on both strategic levels as competences within software development and artificial intelligence.
• RevealCX Boost, new machine learning based AI product successfully implemented in H1 2022
• Signed a new multi-year agreement with Nuuday, the Danish telco company with leading brands, as YouSee, Telmore and TDC Erhverv, with a potential total value of approx. DKK 4.600k.
• Customer loyalty remains high as there was, again, no churn in H1 2022. The total value of existing contracts remains at DKK 26,900k until EO 2024
• The capital increase announced in April 2022 has been successfully completed and resulted in new shares issued at a share price of DKK 3,00 of an amount of DKK 9,500k including conversion of debt, increasing the amount of shares from 10,899,805 to 14,066,469.by end of August

• During this process debt has been reduced by DKK 3,500k and repayments will commence in July of 2023.

• The revenue declined from DKK 5,214k to 4,258k primarily driven by two factors.

• Postponed customer implementation in Q1 due to the invasion of Ukraine.

• 1H last year had a one-time revenue impact related to co-development of the AI-product, which was concluded in 2021.

• Nexcom changed Certified Advisor to Kapital Partner in Q2 2022

MANAGEMENT REMARKS

With regard of the general conditions on the financial markets and the company's ability to fund the growth strategy, Nexcom has adjusted its growth strategy reflecting the changed market situation.

With the new strategy in place, it is the intention that realistic growth levels can be pursued without or with limited additional capital injections. The strategy is to secure profitable growth and reducing the needed revenue to become cash flow positive by reducing the operating costs of the company, where the adapted strategy includes annualized cost reductions of between DKK 10-11,000k. These cost saving initiatives will impact in both 2022 and 2023.

The management believes the adjustments to the operation will result in a sound yet scalable cost structure supporting growth moving forward.

Disclaimer

This report contains forward-looking statements based on management's current expectations. All statements about the future are subject to inherent risks and uncertainties, and many factors can lead to actual results and developments that differ materially from those expressed or implied in such statements.

FURTHER INFORMATION

Rolf Adamson | CEO
Phone: +45 45 76 48 20

E-mail: press@nexcomglobal.com

COMPANY CERTIFIED ADVISOR

Nexcom A/S Kapital Partner A/S

Bredgade 23B, 4saLJernbanegade 4

1260 København K1608 København V

Tlf. +45 4576 4820Tlf. + 45 8988 7846

www.nexcomglobal.com www.kapitalpartner.dk