NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR
ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL 

Oslo, 12 February 2020. An extraordinary general meeting of Hiddn Solutions ASA
("Hiddn" or the "Company") was held today. Minutes from the meeting is enclosed
hereto.  

As set out in the attached minutes, the Company's general meeting has approved
the private placement of 41,666,666 new shares in the Company, raising gross
proceeds of approximately NOK 50 million (the “Private Placement”), as announced
by the Company on 20 January 2020. The Private Placement was directed at
existing shareholders, including Tycoon Industrier AS which was conditionally
allocated 20,000,000 shares, and new investors.  

Further, the general meeting resolved to proceed with a subsequent offering of
25,000,000 new shares (the “Repair Offering”), raising an additional
approximately NOK 30 million, in which shareholders of the Company as of close
of trading on 17 January 2020, as recorded in the VPS on 21 January 2020, who
were not allocated shares in the Private Placement, and who are not resident in
a jurisdiction where such offering would be unlawful, or would (in jurisdictions
other than Norway) require any prospectus filling, registration or similar
action (“Eligible Shareholders”), will receive subscription rights. The
subscription rights will be listed on the Oslo Stock Exchange and be tradable
for parts of the subscription period. The subscription price in the Repair
Offering is equal to the Private Placement, NOK 1.20 per share. The subscription
period for the Repair Offering will commence as soon as a prospectus has been
approved by the Norwegian Financial Supervisory Authority which is expected in
February / March 2020. Further information concerning the Repair Offering will
be published prior to commencement of the subscription period. 

The 7,164,688 new shares in the Company issued in a private placement towards
Tycoon Industrier AS on 19 December 2019 are currently issued in the VPS on a
separate ISIN until and subject to the publication by the Company of the above
mentioned listing prospectus to be approved by the Financial Supervisory
Authority of Norway. 

Following payment for the new shares and registration of the new share capital
pertaining to the Private Placement and the Repair Offering with the Norwegian
Register of Business Enterprises, expected to take place on or about the same
date, the Company will have an issued share capital of NOK 89,908,757, divided
into 89,908,757 shares, each with a par value of NOK 1.  


For further information, please contact:  

Jørgen Waaler, 
CEO, 
telephone: + 47 9059 0010, 
e-mail: Jorgen@waaler.no 

 
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.