CEO Mathias Lundoe Nielsen comments:

"Firstly, I want to thank all the subscribers of the issue. With the capital raised, Nustay has been given the necessary resources to ensure we can continue driving the business towards our ambitious goals. Prior to the unfortunate COVID-19 situation, we had set ourselves on a solid trajectory and gathered great momentum across all measures, from sales to our profitability targets. This gives us every reason to remain absolutely confident in there being a great demand within the travel market for the easy-to-use, personalised and cost-efficient travel services that Nustay offers. For this reason, it is necessary to emphasize Nustay's potential, which will continue to be realised as the COVID-19 crisis comes to its end. I am convinced that once the market stabilises and demand beings to increase once more, we will be able to quickly regain our momentum and continue to drive the business towards profitable and sustainable growth."

Subscription and allotment in the rights issue

The rights issue was subscribed to DKK 27.3 million, including pre-subscription commitments and including underwriting commitments, corresponding to a subscription rate of approximately 100 percent. 30,367,775 new shares and 18,220,665 warrants will be issued and Nustay is thus provided approximately DKK 27.3 million before issue costs and conversion of debt. Estimated issue costs attributable to the rights issue (including costs attributable to compensation for underwriting commitments) amount to approximately DKK 3.6 million, of which approximately DKK 1.4 million refers to compensation for underwriting commitments. In total, the issue costs thereby amount to approximately 13.2 percent of the initial issue volume in the rights issue. 3,192,806 units, corresponding to approximately 52.6 percent of the subscribed issue volume, were subscribed for by shareholders with the support of pre-emptive right. Approximately 7.2 percent of the issue volume, corresponding to approximately DKK 2.0 million, were subscribed for without support of pre-emptive right. Approximately 40.2 percent of the issue volume, corresponding to approximately DKK 11.0 million, will be subscribed for by underwriting commitments. Allotment of units has been decided upon by the Board of Directors in accordance with the principles stated in the prospectus. Settlement notes are expected to be sent out March 27[th], 2020.

Number of shares and share capital

When the rights issue has been registered, the number of shares in Nustay will amount to 48,588,440 shares and the share capital will amount to DKK 1,943,537.60.

Updated time plan

[][][][][][][][][][]
Allocation and trading in units: Allocation and trading in units
is expected to take place on
Spotlight Stock Market from
March 27[th], 2020 and continue
until March 30[th], 2020. Each
paid unit will be converted
automatically into five (5) new
shares and three (3) warrants
which will be admitted for
trading on Spotlight Stock
Market.
Last day of payment: Expected to April 1[st], 2020.
Settlement day for final trades in units: Settlement day at VP Securities
for final trades in units is
expected to April 1[st], 2020.
Settlement day for conversion to ordinary The new shares and warrants are
shares and warrants: expected to be registered with
the Danish Business Authority
on April 6[th], 2020.
Settlement day at VP Securities
for conversion to ordinary
shares and allocation of
warrants is expected to take
place during April 6[th], 2020
and April 7[th], 2020.
Allotment of interim shares nr. 2 and Expected to April 3[rd], 2020.
warrants based on units:
Settlement day at VP Securities for Expected to April 6[th], 2020.
converting interim shares number 2 to
ordinary shares:
Trading in new shares and warrants: Trading in the new shares and
warrants is expected to
commence on April 7[th], 2020.

Disclosure notice

Due to the rights issue, a requirement for disclosure notice occurs regarding the following parties:

[]
Name Holdings before Holdings after
rights issue (%) rights issue
(%)
La Dolce Vita Holding ApS[1] 13,8 5,9
Niklas Danaliv (private and - 7,1
through Polynom Investment
AB)
Jens Olsson - 5,3
Formue Nord Markedsneutral - 5,2
A/S

[1] Owned by CEO, board member and founder Mathias Lundoe Nielsen

Financial advisor and issuing agent

Sedermera Fondkommission acts as financial advisor and issuing agent to Nustay in connection with the rights issue of units. VP Securities also acts as issuing agent to Nustay in connection to the rights issue of units.

For more information on the rights issue

Sedermera Fondkommission

Phone: +46 40 - 615 14 10

E-mail: info@sedermera.se

www.sedermera.se

For further information about Nustay                    

Nustay A/S

E-mail: investor@nustay.com

Website: www.nustay.com

This information is information that Nustay A/S is obliged to publish following the EU Market Abuse Regulation. The information was provided by the contact person above for publication on March 27[th], 2020.

About Nustay

Nustay is a Danish online hotel booking company established in 2014. The company has developed an innovative booking platform offering the lowest possible hotel prices while also enhancing the customer's booking experience. Nustay has set out an ambitious vision to become the global leader within the online hotel booking industry and is confident its large hotel room inventory, novel pricing strategy, and transparent booking process, will achieve that goal.