HIDDN : Approved prospectus and listing of shares

HIDDN - Approved prospectus and listing of shares

NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Reference is made to the stock exchange announcement by Hiddn Solutions ASA (the 'Company') on 20 January 2020 regarding a fully subscribed private placement with gross proceeds of approximately NOK 50 million (the 'January Private Placement') and a fully underwritten subsequent offering of up to 25,000,000 new shares in the Company (the 'Offer Shares') at a subscription price of NOK 1.20 raising gross proceeds of approximately NOK 30 million (the 'Subsequent Offering'). Furthermore, reference is made to the stock exchange notice by the Company on 19 December 2019 regarding a private placement of NOK 8,598,625.60 (the 'December Private Placement'). Reference is also made to the approval of the January Private Placement and Subsequent Offering by an extraordinary general meeting in the Company on 12 February 2020 (the 'EGM'). The Financial Supervisory Authority of Norway has today, on 28 February 2020, approved a prospectus (the 'Prospectus') which has been prepared in connection with listing of 7,164,688 shares issued in connection with the December Private Placement, listing of 41,666,666 new shares issued in connection with the January Private Placement and the offering and listing of up to 25,000,000 Offer Shares in the Subsequent Offering. The Prospectus is available at the Company's website www.hiddnsolutions.no and on www.dnb.no/emisjoner. The Company will publish additional information regarding the Subsequent Offering before commencement of the subscription period in the Subsequent Offering. The new shares issued in connection with the December Private Placement have been issued on an ISIN separate from the Company's other shares pending approval of the Prospectus. These new shares will assume the Company's ordinary ISIN as soon as practically possible after the publication of the Prospectus. The payment, delivery and listing of the new shares issued in connection with the January Private Placement Shares will take place simultaneously with the Offer Shares to be issued in the Subsequent Offering. For further information, please contact: Jørgen Waaler, CEO, telephone: + 47 9059 0010, e-mail: [e-mail] This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. Neither this announcement nor any copy of it may be transmitted directly or indirectly into the United States or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. These materials are not an offer for sale of securities in the United States or any other country. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the 'U.S. Securities Act'), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States.