Sep 29, 2023

SPENN Technology A/S Announces Departure of CFO and Appointment of Interim CFO

Company Announcement No. 111

SPENN Technology A/S, today announced the departure of Mr Helge Dalen, Chief Financial Officer, effective departure day 29.09.23, as he pursues new opportunities.

During his time with SPENN Technology A/S, Mr. Helge Dalen played an important role in shaping the financial strategy and driving the company’s success. His dedication, expertise, and commitment have greatly contributed to our achievements. We thank him for his contributions and wish him the very best in his future endeavors.

As part of our commitment to maintaining strong financial leadership, we are pleased to announce the appointment of Mr. Andy Coleman as the Interim Chief Financial Officer, effective from 2. October 2023. Mr. Andy Coleman is currently serving as the Head of Financial Control at SPENN Technology A/S and brings a wealth of experience and expertise to this role. We have full confidence in his abilities to lead our financial operations during this transitional period.

Mr. Andy Coleman has been a valuable member of our finance team for almost 2 years and has demonstrated exceptional financial knowledge, strategic thinking, and a deep understanding of our company’s operations. We are confident that under his leadership, we will continue to maintain financial stability and drive growth.

SPENN Technology A/S will commence a comprehensive search for a permanent Chief Financial Officer, considering both internal and external candidates. We are committed to selecting a highly qualified individual who can build upon our financial achievements and drive our company’s growth in the future.

Certified Adviser

Company’s Certified Adviser is Baker Tilly Corporate Finance P/S (CVR-nr. 40073310), Poul Bundgaards Vej 1, 1., DK-2500 Valby, tlf. +45 3345 1000

For further Information, please contact:

Jens B. Glaso, CEO SPENN Technology A/S. Phone +47 40 40 47 50, e-mail: [email protected]

SPENN Technology A/S

CVR nr.: 26518199

Njalsgade 76, 4.

2300 København S

Tel: +45 8830 0000

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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