14.10.2024 14:15:07 CEST | Huddlestock Fintech AS | Total number of voting
rights and capital

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED
STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER
OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange announcement published by Huddlestock
Fintech AS ("Huddlestock" or the "Company") on 16 May 2024, regarding the
authorization granted to the board of directors at the Extraordinary General
Meeting on 16 May 2024 to increase the Company's share capital by up to NOK
110,000 (the "Authorization"). The Authorization was registered with the
Norwegian Register of Business Enterprises on 25 May 2024.

The board has, on 14 October 2024, resolved to increase the Company's share
capital through the conversion of debt owed to Bricknode Holding AB. This debt
amounts to NOK 47,681,168.60 and will be converted into equity by issuing
18,338,911 new shares (the "Conversion Shares") at a price of NOK 2.60 per
share.

KEY DETAILS OF THE TRANSACTION ARE AS FOLLOWS:

 * Debt to be converted: NOK 47,681,168.60
 * Number of shares issued: 18,338,911
 * Subscription price per share: NOK 2.60
 * New share capital: NOK 441,886.24, divided into 232,571,703 shares with a
   nominal value of NOK 0.0019 per share

The Conversion Shares have been subscribed for by Bricknode Holding AB through a
set-off of the Company's outstanding seller credit, and existing shareholders'
preferential rights have been waived. The capital increase and debt conversion
are subject to registration of the capital increase pertaining to the private
placement, completed on 26 September 2024, registration with the Norwegian
Register of Business Enterprises of the capital increase pertaining to the debt
conversion and delivery of the Conversion Shares to the subscriber in Euronext
Securities Oslo.

DISCLOSURE REGULATION

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

DISCLOSURE REGULATION

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

CONTACTS

 * Leif Arnold Thomas, Chief Executive Officer, Huddlestock Fintech AS, +47 982
   15 520, leif.thomas@huddlestock.com 

ABOUT HUDDLESTOCK FINTECH AS

Huddlestock is an innovative technology software provider through its
Investment-as-a-service offering, with full operational service support and a
leading financial Consultancy services business. We deliver innovative and
sustainable technology and operational solutions to companies offering financial
products and services.

Find out more at huddlestock.com - https://www.huddlestock.com/

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17848032/18280773/5100/Download%20announce
ment%20as%20PDF.pdf