May 9, 2022

Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them

Company Announcement No. 86

?Pursuant to the EU Market Abuse Regulation, SPENN Technology A/S hereby reports transactions made in SPENN Technology A/S shares by persons obliged to report on transactions to the Danish FSA and to Nasdaq First North Growth Market Denmark.

JAC Invest AS, owned by CEO at SPENN Technology A/S, Jens Glaso, has purchased 500.000 shares at DKK 73.793,49 and 500.000 shares at DKK 774.000 and 250.000 shares at DKK 35.250. The purchase results in a total holding of 496.168.360 shares of SPENN Technology A/S by JAC Invest AS.

Montebello Vinselskap og Invest AS, owned by Chairman of the Board of Directors at SPENN Technology A/S, Karl-Anders Grønland, has purchased 666.666 shares at DKK 100.000. The purchase results in a total holding of 58.876.944 shares of SPENN Technology A/S by Montebello Vinselskap og Invest AS.

Petrus Johannes Van der Walt, Member of the Board of Directors at SPENN Technology A/S, has purchased 800.000 shares at DKK 118.400. The purchase results in a total holding of 800.000 shares of SPENN Technology A/S by Petrus Johannes Van der Walt.

Janus Invest AS, owned by CLO at SPENN TechnologyA/S, Bård Bjerkås, has purchased 501.745 shares at DKK 74.057,56. The purchase results in a total holding of 108 725 308 shares of SPENN Technology A/S by Janus Invest AS.

Distinct AS, owned by CTO and member of the Board of Directors at SPENN Technology A/S, Magne Freitheim, has purchased 74.134 shares at DKK 10.971,83. The purchase results in a total holding of 45.058.843 shares of SPENN Technology A/S by Distinct AS.

Staffan Herbst, CFO at SPENN Technology A/S, has purchased 30.000 shares at DKK 4.260. The purchase results in a total holding of 3.594.000 shares of SPENN Technology A/S by Staffan Herbst.

Erik Seiving, COO at SPENN Technology A/S, has purchased 70.000 shares at DKK 10.248. The purchase results in a total holding of 80.000 shares of SPENN Technology A/S by Staffan Herbst.

Mandatory transaction report for the Danish FSA (Finanstilsynet) is attached to this managerial transactions announcement.

For further Information, please contact:
Jens B. Glaso, CEO SPENN Technology A/S. Phone +47 40 40 47 50, e-mail: [email protected]
Certified Adviser: Baker Tilly Corporate Finance P/S, Att.: Gert Mortensen, Partner. Phone: +45 33 45 10 00, www.bakertilly.dk

SPENN Technology A/S
CVR nr.: 26518199
Njalsgade 76, 4.
2300 København S
Tel: +45 8830 0000
www.spenn.com

About SPENN Technology A/S

In a world where 1.7 billion people are still unbanked, SPENN Technology has democratized access to financial markets by bridging the crypto sphere with traditional finance. By utilizing blockchain technology Blockbonds has created a robust real-time payment system in which everyone can manage their savings, payments, investments and loans in an honest, transparent and secure way through the SPENN App platform. Although SPENN Technology A/S is a purpose-driven company with our vision to empower people, we are also a commercial player that always strives to develop new services for our customers.

The SPENN app is an innovative and unique digital banking platform for the unbanked as well as the banked to be able to send and receive money completely cost-free, in markets where the cost of financial services is the highest in the world. SPENN is disrupting the existing mobile payment distribution channels. SPENN has recently launched new integrated services in the platform and expects to launch more crypto services going forward.

SPENN is a technology provider to banks and governments based on a Software as a Service (SaaS) solution and has grown to become a key partner for their bank partners to drive deposits and to stay in front of innovation. SPENN is helping governments regulate the unregulated utilizing new technology and visionary ideas which have ultimately solved the biggest issue within financial inclusion.

SPENN Technology A/S is listed on the Nasdaq First North Growth Market Denmark. Ticker code: SPENN

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