Ayfie Group: Commencement of the subscription period for the rights issue -October 24, 2023 at 02:03 am EDT

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN CANADA,
JAPAN, AUSTRALIA, HONG KONG, SOUTH AFRICA, NEW ZEALAND, THE UNITED STATES, OR
ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD
BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange announcement by Ayfie Group AS ("Ayfie"
or the "Company") on 18 October 2023 regarding a fully underwritten rights issue
(the "Rights Issue") of 1,250,000 new shares (the "Offer Shares"), at a
subscription price of NOK 8.00, raising gross proceeds of NOK 10 million.

The subscription period in the Rights Issue will commence today, 24 October
2023, at 09:00 hours (CEST) and expire on 7 November 2023 at 16:30 hours (CET).
Certain information about the Rights Issue is set out in the stock exchange
announcement on 18 October 2023. The complete terms and conditions of the Rights
Issue are set out in the Subscription Form (as defined below).

Pareto Securities AS is acting as manager for the Rights Issue (the "Manager").

Subscription procedure

The allocation of subscription rights and the subscription for Offer Shares by
persons resident in, or who are citizens of countries other than Norway, may be
affected by laws of the relevant jurisdiction. No Offer Shares or subscription
rights will be offered or sold in the United States. For a further description
of such restrictions, please refer to the Subscription Form prepared by the
Company dated 23 October 2023 (the "Subscription Form").

Subscriptions for Offer Shares may either be made through the VPS online
subscription system or by submitting a correctly completed Subscription Form to
the Manager within the Subscription Period.

Subscribers who are residents of Norway with a Norwegian personal identification
number are encouraged to subscribe for Offer Shares through the Norwegian VPS'
online subscription system (or by following the link on
www.paretosec.com/transactions, which will redirect the subscriber to the VPS
online subscription system). All online subscribers must verify that they are
Norwegian residents by entering their national identity number (Nw:
fødselsnummer).

Subscribers that are not able to use the VPS online subscription system must
submit a correctly completed Subscription Form to the Manager. The Subscription
Form is, subject to applicable local securities laws, available on the Manager's
website (www.paretosec.com/transactions). The e-mail and postal address to the
Manager is included in the Subscription Form.


Advisers: 
Pareto Securities AS has been retained by the Company to act as manager for the
Rights Issue. 

Advokatfirmaet Schjødt AS is acting as legal adviser to the Company in
connection with the Rights Issue. 

For further information, please contact: 
Herman Sjøberg, CEO (+47 926 62 233 / [email protected])

Lasse Ruud, CFO (+47 930 90 008 / [email protected])


Ayfie | ayfie.com 
Ayfie is a leading software provider specializing in data search and generative
AI. With more than 15 years' experience, we have honed our skills in
transforming unstructured data into valuable insights that benefit both large
enterprises, medium businesses, and individuals. In 2023, we took a giant leap
forward by integrating generative artificial intelligence into our platform.
This innovation provides users with a unique way to interact with their data,
creating new, powerful, and actionable insights. Our mission is to help you
extract and generate structured insights from unstructured sources to drive your
success.

Important information 
The release is not for publication or distribution, in whole or in part directly
or indirectly, in or into Canada, Japan, Australia, Hong Kong, South Africa, New
Zealand, or the United States (including its territories and possessions, any
state of the United States and the District of Columbia). This release is an
announcement issued pursuant to legal information obligations. It is issued for
information purposes only, and does not constitute or form part of any offer or
solicitation to purchase or subscribe for securities, in the United States or in
any other jurisdiction. The securities mentioned herein have not been, and will
not be, registered under the United States Securities Act of 1933, as amended
(the "US Securities Act"). The securities may not be offered or sold in the
United States except pursuant to an exemption from the registration requirements
of the US Securities Act.

The Company does not intend to register any portion of the offering of the
securities in the United States or to conduct a public offering of the
securities in the United States. Copies of this announcement are not being made
and may not be distributed or sent into Canada, Japan, Australia, Hong Kong,
South Africa, New Zealand, or the United States.

This announcement is an advertisement and is not a prospectus for the purposes
of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14
June 2017 on prospectuses to be published when securities are offered to the
public or admitted to trading on a regulated market, and repealing Directive
2003/71/EC (as amended) as implemented in any Member State.
The issue, subscription or purchase of shares in the Company is subject to
specific legal or regulatory restrictions in certain jurisdictions. Neither the
Company nor the Manager assume any responsibility in the event there is a
violation by any person of such restrictions. The distribution of this release
may in certain jurisdictions be restricted by law. Persons into whose possession
this release comes should inform themselves about and observe any such
restrictions. Any failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.

The Manager is acting for the Company and no one else in connection with the
offering and will not be responsible to anyone other than the Company providing
the protections afforded to their respective clients or for providing advice in
relation to the offering and/or any other matter referred to in this release.

Forward-looking statements: This release and any materials distributed in
connection with this release may contain certain forward-looking statements. By
their nature, forward-looking statements involve risk and uncertainty because
they reflect the Company's current expectations and assumptions as to future
events and circumstances that may not prove accurate. A number of material
factors could cause actual results and developments to differ materially from
those expressed or implied by these forward-looking statements.

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