PRESS RELEASE 
 
Huddlestock Fintech AS announces preliminary results of the capital raise and
extends the deadline for subscriptions.

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(Stavanger, NORWAY - 31 May 2021) Huddlestock Fintech AS (HUDL, OSE: HUDL)
announces preliminary results of the capital raise and extends the deadline for
subscriptions.

Reference is made to the stock exchange announcement of Huddlestock Fintech AS
(the "Company" or "Huddlestock") dated 7 May 2021 regarding the capital raise of
between NOK 30 million to NOK 50 million (the "Capital Raise"), comprising of a
rights issue raising gross proceeds of up to NOK 50 million (the "Rights
Issue").  The purpose of the capital raise is to fund the acquisition of
Visigon, support the company's growth strategy and strengthen working capital.

The Board of Directors of Huddlestock have today, Monday 31 May 2021, decided to
extend the subscription period for the Rights Issue to 16:30 hours (CEST)
Tuesday, 1 June 2021.

Preliminary counting indicates that the Company has received more than 320
subscriptions.  The minimum requested amount of NOK 30 million, at a
subscription price of NOK 6.00 per share (the "Rights Issue Offer Shares"), has
been guaranteed.

The conditional allocation of the Rights Issue Offer Shares will take place on
or about Tuesday 1 June 2021 in accordance with the allocation criteria set out
in the securities note dated 7 May 2021 (the "Securities Note", and together
with a summary and a registration document dated 11 May 2021, the "Prospectus").
The final result of the Rights Issue will be published shortly thereafter, and
letters regarding allocation of Rights Issue Offer Shares and the corresponding
subscription amount to be paid by each subscriber are expected to be distributed
during the course of Tuesday 1 June 2021. The payment date for the Rights Issue
Offer Shares is expected to be on or about 4 June 2021 and delivery date is
expected to be on or about 9 June 2021, subject to satisfaction of the
conditions for completion set out below.

The rights offering is underwritten by a syndicate of core shareholders (the
"Guarantee Consortium") for up to NOK 30 million and is led by Huddlestock
Fintech AS. Advokatfirmaet Arntzen de Besche AS is acting as legal counsel to
the Company.  DNB Registrars Department is acting as Settlement Agent.

The Registration Document, the Securities Note and the Summary Note (jointly,
the "Prospectus"), together with the Supplement to the Prospectus have been
published pursuant to the law and, therefore, are available at the Registered
Office of Huddlestock Fintech AS, at Gamle Forusveien 53b, 4031 Stavanger, and
on the Company's website www.huddlestock.com  

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

For questions, please contact investor relations. 

CONTACTS:

John E. Skajem, CEO, +47 418 87 412, jes@huddlestock.com 
Cecilia Luras, Director of Strategy & IR, +44 75 0090 5131, col@huddlestock.com 


About Huddlestock Fintech:

Huddlestock Fintech AS was listed on Euronext Growth Market 26 November 2020, as
Norway's first fintech company to be publicly traded. Huddlestock Fintech is a
company that develops unique software as a service-solutions for digitizing work
processes for custody banks, asset managers and trading venues. 

The open, compliance-optimized and data centric platform allows our customers to
offer a differentiated real-time product that reduces cost and increases
efficiency. Huddlestock Fintech's technology enables end-to-end digital services
such as onboarding, client communication, reporting, order execution and
portfolio management, all executed on the same platform. 

Huddlestock has two main products: Apex (Custody) and Bedrock (Connectivity).
Apex is a software as a service-solution that links custody services with asset
managers and individual investors. Bedrock provides a white label solution that
is primarily a product for financial services firms wanting to add low
cost-efficient trading and investing services to their client web and app
offerings. 

Huddlestock has offices in Oslo, Stavanger, Kuala Lumpur, Copenhagen, Stockholm,
Munich and London.

For more information, please visit www.huddlestock.com. 

  
The information included in this announcement is defined as inside information
pursuant to the EU Market Abuse Regulation article 7 and is publicly disclosed
in accordance with MAR article 17.  
 
The announcement is made by the contact persons set out above.

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