NIO: Exercise of warrants - Mandatory notification of trade

Holders of warrants has today exercised their rights 
to buy 5,125,000 shares in Nio Inc. at a share price 
of NOK 1.30 per share.

The exercise of warrants will provide Nio with NOK 
6.7 million in new cash, securing sufficient funding 
for the marketing of Betspin.com.

Kjetil Aasen, CEO and primary insider of Nio, has 
exercised 1,025,000 warrants at a share of NOK 1.30 
per share. After this transaction, Kjetil Aasen and 
close associates owns 3,761,867 shares, 500,000 
options to buy shares and 6,290,000 conversion 
rights in Nio.

Nio has today 200,974,952 outstanding shares and the 
issue of 5,125,000 new shares for the warrant 
exercise will increase the number of outstanding 
shares 206,099,952. The new shares will be issued in 
connection with the share issue for the acquisition 
of Gaming Innovation Group Ltd., ref. announcement 
on February 16, 2015. 

For more information contact Kjetil Myrlid Aasen, 
CEO, +47 9269 5005.