Huddlestock receives 886 588 Done.ai shares completing the divestment of its Nordic IaaS Platform with increased financial flexibility

25.8.2025 12:40:56 CEST | Huddlestock Fintech AS | Non-regulatory pressreleases

Reference is made to the stock exchange announcement made by HuddlestockFintechAS ("Huddlestock" or the "Company") on 14 April 2025 regarding the transactionagreement with Done.ai - http://done.ai Group AB ("Done.ai - http://done.ai"),listed on Nasdaq First North Growth Market, whereby Done.ai - http://done.ai acquires Huddlestock's Nordic Investment-as-a-Service ("IaaS") platform (the"Transaction").

Huddlestock is pleased to announce that it has today received 886 588 sharesin Done.ai - http://done.ai, marking the final step of the Transaction. In total,4647 608 shares have been received in the Transaction which at current marketrates are valued at approximately NOK 50.3 million corresponding to around 25percent of Huddlestock's market capitalization.

"The completion of this transaction marks a pivotal moment the reshaping ofHuddlestock," says Leif Arnold Thomas, CEO of Huddlestock Fintech. "Withincreased financial flexibility, we are now fully focused on executing ourasset-light, partner-driven Investment-as-a-Service strategy in Europe whiledeveloping our profitable consulting business. With the final Done.ai -http://done.ai shares received, we are eager to complete the process bydistributing 20 percent of these shares to our shareholders, recognizing theircontinued support."

The shares were received following the conversion of a NOK 13 million seller'scredit note (the "Seller's credit") issued in connection with the transfer ofHuddlestock Investor Services AS to Done.ai - http://done.ai, upon approvalfromthe Norwegian Financial Supervisory Authority. The Seller's credit wasconvertedinto Done.ai - http://done.ai shares at a share price of SEK 14, based on aforeign exchange rate of 0.94374.

Of the total 4 647 608 shares received in the Transaction, 20 percent will bedistributed to Huddlestock's shareholders. The distribution is expected to beresolved and completed by the start of the fourth quarter of 2025, with moredetails to be disclosed in a separate notice in due course. Said notice willinclude a specific timetable for the distribution, including information on ExDate for the Huddlestock shares without such dividend right.

CONTACTS

* Leif Arnold Thomas, Chief Executive Officer, Huddlestock Fintech AS, +47982 15 520, leif.thomas@huddlestock.com

ABOUT HUDDLESTOCK FINTECH AS

Huddlestock is an innovative technology software provider through itsInvestment-as-a-service offering, with full operational service support and aleading financial Consultancy services business. We deliver innovative andsustainable technology and operational solutions to companies offeringfinancialproducts and services.

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

ATTACHMENTS

Download announcement as PDF.pdf -https://kommunikasjon.ntb.no/ir-files/17848032/18630087/6368/Download%20announcement%20as%20PDF.pdf

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