Oslo, 9 September 2025: Reference is made to the stock exchange announcement
made by Huddly AS (the "Company") on 21 August 2025 regarding the private
placement of new shares in the Company, raising gross proceeds of approx. NOK 61
million, (the "Private Placement"), and on 22 August 2025 regarding the
successful completion of the Private Placement. Reference is further made to the
stock exchange announcement made on 8 September 2025 regarding the Company's
extraordinary general meeting resolving to approve inter alia (i) the issuance
of new shares in the Private Placement and (ii) to grant the board of directors
an authorisation to issue (a) new shares as compensation to the pre-committing
investors in the Private Placement (the "Fee Shares"), and (b) new shares in
connection with a proposed subsequent offering.
The Company's board of directors has today resolved to increase the share
capital by issuance of 227,265 Fee Shares, as authorised by the extraordinary
general meeting (item (ii) above).
The following close associates of primary insiders have subscribed for Fee
Shares:
- Sonstad AS, being a company closely associated with Jon Øyvind Eriksen, chair
of the board, has subscribed for 54,545 Fee Shares