Instabank ASA – Exercise of share options and joint sale of option shares

Reference is made to the share option program of Instabank ASA (the "Company").

In an exercise window opened in connection with the publication of the Company's Q1 2026 results, option holders under the share option program have exercised a total of 8,608,400 vested options with a strike price of NOK 1.48 per share.

Please see attached form of notification and public disclosure regarding options exercised by primary insiders.

The exercised options will be settled by delivery of 8,608,400 new shares in the Company. To issue such new shares, the Company's board of directors has resolved to increase the Company's share capital by NOK 8,608,400 pursuant to the board authorization to increase the Company's share capital granted at the Company's annual general meeting held on 9 April 2026. Following the registration of such share capital increase in the Norwegian Register of Business Enterprises, the Company will have a share capital of NOK 461,214,739 divided into 461,214,739 shares, each with a par value of NOK 1.

Primary insiders Anne Jørgensen (COO), Farzad Jalily (CTO), Janne Perlestenbakken (Head of CRM), Per Kristian Haug (CFO), Robert Berg (CEO) and certain other option holders have transferred their rights to receive 6,858,400 of the new shares following the exercise of options to DNB Carnegie in order to complete a joint sale of such number of shares.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation (MAR).

For further information, please contact: Robert Berg, CEO +47 974 85 610

Per Kristian Haug, CFO +47 952 38 717