Huddlestock Fintech AS November 2020 update <br />
	<br />
On November 26th Huddlestock Fintech began trading on the Euronext Growth Market
on the Oslo Stock Exchange!<br />
The CEO of the Oslo Børs rang the bell for us (no grand ceremony due to Covid19
unfortunately).<br />
In the early days of trading, the share price is doing as expected with normal
volumes traded each day.<br />
<br />
Successful capital increase<br />
On Tuesday 17th November, prior to our public listing, we completed a small
capital increase. It was a limited issue where all shareholders were invited to
participate at a price of NOK 2,10.<br />
The subscription was well received, and the issue was strongly oversubscribed.
The shares were issued on Monday 23rd and ready for trading on the first day.<br
/>
<br />
Waiting for Paris<br />
Regarding Qinfen by BNP Paribas, we understand that all outstanding issues are
resolved, and BNP Paribas management are only waiting for the global
Headquarters in Paris to give their approval. According to our partners this
should be be imminent.<br />
In a conference call last week they confirmed that Qinfen is their biggest
digitalisation initiative ever.<br />
<br />
Connectivity Presentation and Official Launch of Bedrock Offering<br />
Huddlestock has been invited to present our Connectivity platform to BNP
Paribas's clients at their monthly client webinar. The date for this
presentation is set for middle of January.<br />
<br />
<br />
Malaysia Underway<br />
Our project leadership team is already well underway customising our offering
for Malaysia.<br />
It is still on track to go live in early 2021 offering Asset Management products
through BNP Paribas first, and then later individual trading products.<br />
<br />
<br />
One of the new leads we have obtained from our relationship with BNP Paribas is
an invite to join the prestigious German Association of independent asset
managers (vuv.de). They have already informed the membership committee about our
offerings.<br />
We can expect at least a few more leads from this association over the next few
weeks.<br />
<br />
<br />
Bavarian BFF!<br />
Bayerische Börse (the Bavarian Stock Exchange) has offered to do joint marketing
with us for our new offerings. They will deliver market data for planned
discount brokerage offerings to us.<br />
A project to connect us is already under way.<br />
<br />
<br />
Pipeline Growing<br />
During November we've attracted strong interest from several leading global
players. We expect to close 1 or 2 of these opportunities before year end.<br />
<br />
<br />
This is the monthly shareholder information newsletter from Huddlestock Fintech
AS.<br />
Should you have any questions, do not hesitate to contact us.<br />
<br />
<br />
John E. Skajem<br />
CEO<br />
jes@huddlestock.com<br />
+47 4188 7412<br />
<br />
Øyvind Hovland<br />
Chairman<br />
oh@huddlestock.com<br />
+47 9096 6151