23.10.2024 08:00:01 CEST | Nordic Unmanned | Inside information

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Nordic Unmanned ASA (the "Company" or "NU Group") is contemplating an equity
raise to support the ongoing redirection and transition of the NU Group towards
a focused and high growth OEM (original equipment manufacturer) business. 



REVISED CORPORATE STRUCTURE

2024 is defined as a transition year for the NU Group focusing on continued
growth in the OEM business (Defense and Security) while pursuing structural
options for Flight Services. In Q1 and Q2 2024 significant efforts were made to
cut cost and reduce debt, thus paving the way forward with an aim to become
profitable by second half of 2025 via organic and potentially inorganic actions.
Into Q3 2024 the Company continued to operationalize on this new strategy. 

Further, initiatives are ongoing to prepare for a legal drop-down of assets
within the NU Group, ultimately creating a holding company structure with two
separate legal business units