Limassol,June 17, 2022 Reference is made to the stock exchange notice fromS.D. Standard ETC PLC on13 June 2022 regarding the commencement of an offer byStandard Supply AS ("Standard Supply") to acquire shares in Northern Supply AS ("Northern Supply") (the "Offer"). The acceptance period for the Offer expired on15 June 2022 at16:00 CEST . Standard Supply has received acceptances corresponding to the ambition to achieve a total ownership of 51% in Northern Supply AS. In order to settle the Offer, Standard Supply will pay an aggregate purchase price ofNOK 38.4 million to shareholders who wished to receive cash settlement and issue a total of 9,708,898 new shares as consideration to shareholders who wished to receive share settlement under the Offer. The consideration shares will be delivered on or about the first date of listing of Standard Supply's shares on Euronext Growth Oslo. After the issue of 9,708,898 shares inStandard Supply AS ,S.D Standard ETC Plc will have an ownership of 70%. For further information please contact: Chairman of the Board Martin Nes at +47 92 01 48 14 ***
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