(Oslo ,25 November 2021 )DLT ASA (DLTx, OSE: DLTX) is pleased to announce that it has entered into a term sheet withEthos Investment X LLC ("Ethos"), in which it is agreed that Ethos (or an affiliate of Ethos) shall investUSD 10,000,000 in DLTx through a private placement of 4,921,216 new shares in DLTx at a subscription price of18.02 NOK per share (the "Private Placement"). Pursuant to the said agreement, Ethos shall also be granted warrants with a total strike price ofUSD 1,000,000 with a share strike price ofNOK 36.08 pr share (equaling approximately to 250,000 warrants). The completion of the Private Placement is subject to the parties agreeing on and entering into a definitive binding agreement on the Private Placement. Easy2Connect AS has on24 November 2021 agreed to sell (i) 3,000,000 shares in DLTx to Hope for More AS (the "Share Sale") at a price per share ofNOK 18.02 , and (ii) 500 000 warrants ("Warrants") in DLTx at a price ofNOK 3 per Warrant toJonathan Mohan who is a key employee of DLTx (together with the Share Sale the "Securities Sale"). Hope for More AS is controlled by chairmanJames Haft and Easy2Connect AS is controlled by CEOThomas Christensen . Each Warrant gives the warrant holder the right to subscribe or purchase one share in the Company at an exercise price ofNOK 12.00 . The Warrants are subject to such terms and conditions approved by on the EGM on17 March 2021 (item 5). Following the Share Sale, Hope for More AS, a company controlled byJames Haft , will hold 11,923,903 shares and votes, equal to 20.9% (rounded) of the shares and votes in the Company.James Haft also holds 1,050,000 share options in the Company, and 1,000,000 warrants, each warrant and share option giving the right to receive one share in the Company on certain terms and conditions, equal to 3.6% (rounded) of the registered share capital, if all of these warrants and share options are exercised. The aggregate holding of shares and rights to shares are therefore 24.5% based on the registered share capital. Further, following the Securities Sale, Easy2connect AS, a company controlled byThomas Christensen , will hold 1,373,334 shares, equal to 2.4 % (rounded) of the share capital and votes of the Company. Christensen further holds 1,100,000 share options, each share option giving the right to receive one share in the Company on certain terms and conditions, equal to 1.9 % (rounded) of the registered share capital if all of the share options are exercised. The aggregate holding of shares and rights to shares are therefore 4.3% based on the registered share capital. For further information, please contact:Thomas Christensen , CEO, +47 922 55 444Andreas Arnesen , Investor Relations, +47 952 55 816 About DLTx | www.dltx.com DLTx is an enterprise vendor for DAOs and public blockchains focused exclusively on building technology within the blockchain industry. DLTx will partner with the best-in-class companies in sectors being reshaped by Distributed Ledger Technologies. The management and advisory board have considerable experience within the blockchain ecosystem and will actively advise and support the companies DLTx helps to develop. DLTx will support core developers, run validation nodes, hold governance tokens and help companies with the right technology, teams and market prospects to succeed. This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This announcement is published byRoger Lund , VP Strategy, at 07.00 CET,25 November 2021 .
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