Norwegian Block Exchange Enters Agreement to Acquire JuJu AS Customer Base

Norwegian Block Exchange AS ("NBX"), a leading digital asset service provider in the Nordics, has entered into a binding letter of intent (Term Sheet) to acquire the customer base of Norwegian cryptocurrency exchange JuJu AS ("JuJu").

The transaction is structured as an asset deal, whereby NBX acquires JuJu's customer base, KYC/AML documentation and associated rights. NBX does not assume JuJu's technology, employees or historical liabilities. The total consideration amounts to up to NOK 5,000,000, payable exclusively in newly issued NBX shares:

- Fixed consideration: NOK 1,000,000 in NBX shares to be issued at closing, corresponding to 1,608,749 shares based on a fixed reference price of NOK 0.6216 per share. - Contingent consideration (earn-out): Up to NOK 4,000,000 in NBX shares, payable on a strictly proportional basis depending on revenues generated by the migrated customers. The same reference price per share applies. Closing is expected to take place in June 2026, subject to execution of a final share purchase agreement (SPA), board approval and completion of due diligence.

The transaction is consistent with NBX's strategy to grow its customer base in the Norwegian market. Migrated customers will gain access to NBX's full product suite, including trading, staking and stablecoins, as well as upcoming products and services.

"We are pleased to welcome JuJu's over 4000 customers to NBX. The transaction strengthens our position in the Norwegian market and is structured to create genuine incentives for a successful migration," said Stig Kjos-Mathisen, CEO of NBX.

"NBX is the natural and professional home for our customers. Our goal has always been to offer our customers the very best, and we are confident they will find exactly that at NBX — with a broad product suite, strong regulatory standing and a team that genuinely cares about them. This is the best possible outcome for JuJu's customers, and we are proud to entrust them to a company we have full confidence in," said Øyvind Garder, CEO of JuJu AS.

For further information, please contact: Stig Kjos-Mathisen, CEO, Norwegian Block Exchange AS E-mail: stig@nbx.com Phone: +47 932 87 572

yvind Garder, CEO, JuJu AS E-mail: oyvind@jujukrypto.no Phone: +47 993 88 052

About Norwegian Block Exchange (NBX) Founded in 2018, Norwegian Block Exchange (NBX) is a trusted cryptocurrency exchange serving the Nordic market. Licensed and regulated in Norway, NBX offers secure trading of digital assets, custody solutions, and blockchain technology services for retail and institutional clients. NBX is committed to providing a compliant trading environment with robust security measures and transparent operations. The company issued the first credit card in the world with BTC cashback.