NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS,
ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE
"UNITED STATES"), AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION
OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH
THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.



Oslo, Norway, 19 March 2025 

As previously announced, Nordic Financials ASA (the "Company") will carry out a
rights issue (the "Rights Issue") of a minimum of 500 million and a maximum of 1
billion new shares (the "Offer Shares") with a subscription price of NOK 0.01
per new share in the Company (the "Subscription Price"). The subscription period
will commence today. 

Norne Securities AS is acting as settlement agent ("Settlement Agent").

Allocation of subscription rights:

Each existing shareholder of the Company as of 23 December 2024 (and being
registered as such in Euronext Securities Oslo, the Norwegian Central Securities
Depository, (the VPS) as at the expiry of 30 December 2024 (the "Record Date")
(the "Existing Shareholders"), have been granted subscription rights (the
"Subscription Rights") in the Rights Issue that provide preferential rights to
subscribe for, and be allocated, Offer Shares at the Subscription Price. 

Each Existing Shareholder have been granted 42.03096 Subscription Rights for
every one (1) existing share registered as held by such Existing Shareholder as
of the Record Date, rounded down to the nearest whole Subscription Right. Each
Subscription Right will, subject to applicable law, give the right to subscribe
for, and be allocated, one (1) Offer Share. Over-subscription and subscription
without Subscription Rights is permitted. 

The grant or purchase of Subscription Rights and the subscription of Offer
Shares by persons resident in, or who are citizens of countries other than
Norway, may be affected by the laws of the relevant jurisdiction. 

Subscription period: 
The subscription period commenced 10 February 2025 and will expire at 16:30
hours CET on 2 April 2025 (the "Subscription Period"). 

Subscription Rights: 
The Subscription Rights will be listed and tradable on Euronext Expand Oslo from
and including 19 March 2025 and will be tradable to 16:30 hours CET on 27 March
2025. Subscription Rights that are not used to subscribe for Offer Shares before
the expiry of the Subscription Period or sold before 16:30 CET on 27 March 2025
will have no value and will lapse without compensation to the holder. You can
contact the Settlement Agent at phone number: + 47 997 00 946 for assistance
with the purchase and sale of subscription rights.

The Subscription Rights will have economic value if the Company's shares trade
above the Subscription Price during the Subscription Period. Existing
Shareholders who do not use their Subscription Rights will experience a dilution
of their shareholding in the Company. 

Subscription Price: 
NOK 0.01 per Offer Share.

Subscription procedure: 
Subscription of Offer Shares may be made by submission of a duly completed
application form ("Application Form") to the Settlement Agent/Manager at the
address or email address set out in the Application Form or electronically
through the VPS online subscription system prior to the end of the Subscription
Period, at the latest within 2 April 2025 at 16:30 CET. 

The Application Form is available at the websites of the Company (www.nofin.no)
and the Settlement Agent (https://norne.no/nordic-financials/).  

Subscribers who are Norwegian residents with a Norwegian personal identification
number who wish to subscribe for Offer Shares are encouraged to do so through
the VPS online subscription system (or by following the link on www.nofin.no
which will redirect the subscriber to the VPS online subscription system).

Financial intermediaries: 
If an Existing Shareholder holds shares in the Company registered through a
financial intermediary on the Record Date, the financial intermediary will
customarily give the Existing Shareholder details of the aggregate number of
Subscription Rights to which it will be entitled. The relevant financial
intermediary will customarily supply each Existing Shareholder with this
information in accordance with its usual customer relations procedures. Existing
Shareholders holding shares in the Company through a financial intermediary
should contact the financial intermediary if they have received no information
with respect to the Rights Issue. 

Listing and commencement of trading in the Offer Shares: 
Subject to timely payment of the entire subscription amount in the Rights Issue,
the Company expects that the share capital increase pertaining to the Rights
Issue will be registered with the Norwegian Register of Business Enterprises on
or about 9 April 2025 and that the Offer Shares will be delivered to the VPS
accounts of the subscribers to whom they are allocated on or about 9 April 2025.
The Offer Shares are expected to be tradable on the Euronext Expand Oslo on or
about 9 April 2025. 

For further information please contact: 

Nils Petter Skaset
CEO of Nordic Financials ASA
Tel: +47 951 88 154, 
e-mail: nps@nofin.no 

This information is published in accordance with the requirements of the
Continuing Obligations and section 5-12 of the Norwegian Securities Trading Act.

Important Notices 

This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company. Copies of
this announcement are not being made and may not be distributed or sent into any
jurisdiction in which such distribution would be unlawful or would require
registration or other measures. 

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
The Company does not intend to register any part of the offering in the United
States or to conduct a public offering of securities in the United States. Any
sale in the United States of the securities mentioned in this announcement will
be made solely to "qualified institutional buyers" as defined in Rule 144A under
the Securities Act. 

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
Prospectus Regulation, i.e., only to investors, other than in Norway, who can
receive the offer without an approved prospectus in such EEA Member State. The
expression "Prospectus Regulation" means (EU) 2017/1129 of the European
Parliament and of the Council, of 14 June 2017, as amended Regulation, on the
prospectus to be published when securities are offered to the public (together
with any applicable implementing measures in any EEA Member State.

This communication is only being distributed to and is only directed at persons
in the United Kingdom that are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,
and other persons to whom this announcement may lawfully be communicated,
falling within Article 49(2)(a) to (d) of the Order (all such persons together
being referred to as "relevant persons"). This communication must not be acted
on or relied on by persons who are not relevant persons. Any investment or
investment activity to which this communication relates is available only for
relevant persons and will be engaged in only with relevant persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
so.

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believe that these assumptions were reasonable
when made, these assumptions are inherently subject to significant known and
unknown risks, uncertainties, contingencies and other important factors which
are difficult or impossible to predict, and are beyond their control. Actual
events may differ significantly from any anticipated development due to a number
of factors, including without limitation, changes in public sector investment
levels, changes in the general economic, political and market conditions in the
markets in which the Company operates, the Company's ability to attract, retain
and motivate qualified personnel, changes in the Company's ability to engage in
commercially acceptable acquisitions and strategic investments, and changes in
laws and regulation and the potential impact of legal proceedings and actions.
Such risks, uncertainties, contingencies and other important factors could cause
actual events to differ materially from the expectations expressed or implied in
this release by such forward-looking statements. The Company does not make any
guarantee that the assumptions underlying the forward-looking statements in this
announcement are free from errors nor does it accept any responsibility for the
future accuracy of the opinions expressed in this announcement or any obligation
to update or revise the statements in this announcement to reflect subsequent
events. You should not place undue reliance on the forward-looking statements in
this announcement.

The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice. The Company does not undertake any obligation to review, update,
confirm, or to release publicly any revisions to any forward-looking statements
to reflect events that occur or circumstances that arise in relation to the
content of this announcement. 

Neither the Settlement Agent nor any of their affiliates makes any
representation as to the accuracy or completeness of this announcement and none
of them accepts any responsibility or liability for the contents of this
announcement or any matters referred to herein. This announcement is for
information purposes only and is not to be relied upon in substitution for the
exercise of independent judgment. It is not intended as investment advice and
under no circumstances is it to be used or considered as an offer to sell, or a
solicitation of an offer to buy any securities or a recommendation to buy or
sell any securities of the Company.

Neither the Settlement Agent nor any of its affiliates accepts any liability
arising from the use of this announcement. The distribution of this announcement
and other information may be restricted by law in certain jurisdictions. Persons
into whose possession this announcement or such other information should come
are required to inform themselves about and to observe any such restrictions.