Key highlights: 

The presentation focuses on the events after first quarter, where the Norwegian
SaaS operations and the App were sold to EG (reference is made to previous stock
exchange releases).

The quarter's financial performance was impacted by the abovementioned
divestment process. With the divestment all revenues and majority of costs were
transferred to the new owner. The normalized cost base for Codelab Capital and
its subsidiaries are now approx. NOK 7.5m per month.

Key events following closing of the transaction include, but not limited to:
Name change from PatientSky Group to CodeLab Capital
Dividend payout of NOK 2,50 per share
Repayment of all outstanding bonds
Changed and focused strategy for the remaining business
 
The pro forma cash position, after the events mentioned above, was NOK ~120m
(pre coverage of operational costs).

CodeLab Capital operates now as a holding company with one investment being
Uniscale - the latter being the brand of the international venture.

The consolidated financials of CodeLab Capital, including the divested entities,
can be found in the appendix.  

Please join our webcast at 09:00 (CEST) today (May 25th) on the following link: 
https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20230525_6

The presentation and report will be available for download from the Investor
Relations page.

Click here for more information

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