GET Group AB (publ.) signs Token Authority Agreement with Hub Culture Limited ('Hub Culture') to develop the world's first geothermal digital token ('Token') for the innovative GET Group GET Group has partnered with Hub Culture and their Ultra Exchange platform to develop a closed loop utility token - the world's first geothermal digital token The initial framework of the Token will be presented in more detail by GET Group and Hub Culture during a joint geothermal press lunch at the ICE Hub Glasgow on 3 November 2021 (12:00 BST) during the UN COP26 Summit on climate change. GET Group is initially developing the framework and terms of the Token and plans to distribute a percentage of the Tokens to its shareholders on a pro-rata, opt-in basis. This is part of the Company's closed loop token approach and it is the Company's intention to distribute such Tokens free-of-payment. Such dividend needs to be resolved by a General Meeting. Through this approach, Get Group shareholders may benefit directly from future changes in the Token value, in addition to the indirect exposure to the Token value they already have as shareholders of GET Group. In a rapidly changing world of token- and blockchain-based technology, this Token provides a fast and secure transaction structure with a verifiable, publicly available audit trail. GET Group's mid- to long-term ambition is for the Token to offer interest-free financing to GET Group and its plans to take direct ownership in large geothermal infrastructure projects and sell energy with long-term offtake agreements to financially solid large energy users. GET Group will file an application for a trademark registration for the name GET Group intends to use for its geothermal token and Hub Culture will start the initial work on preparing for a listing of the Token on the Ultra Exchange through its Authority issuance system using the Ultra Standard. The next phase of the project will extend the token through a network of bridges to secondary markets and public blockchain networks. Utility tokens are cryptocurrency that represents access to a product or service. This does not mean that utility token holders have any ownership in the company behind it. Their value depends on the demand for the product or service they represent. Digital assets like utility tokens can be stored using a cryptocurrency wallet (similar to a private wallet) or an exchange storage (similar to storing cash in a bank).