Ayfie Group: Last day of the subscription period in the rights issue

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 previous stock exchange announcements by Ayfie Group AS
("Ayfie" or the "Company") 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 for the Rights Issue (the "Subscription Period") will
expire today, 7 November 2023, at 16:30 hours (CET).

Subscriptions for Offer Shares must be made within the expiry of the
Subscription Period and may either be made through the VPS online subscription
system or by submitting a correctly completed subscription form to Pareto
Securities AS (acting as manager for the Rights Issue, the "Manager").

Subscription Rights that are not used to subscribe for Offer Shares before the
expiry of the Subscription Period will have no value and will lapse without
compensation to the holder.

For more information, and the complete terms and conditions of the Rights Issue,
please refer to the subscription form dated 23 October 2023. The subscription
form is, subject to applicable local securities laws, available on the Manager's
website (www.paretosec.com/transactions).

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 additional questions, please contact:
Herman Sjøberg, CEO ([phone] / [e-mail])
Lasse Ruud, CFO ([phone] / [e-mail])

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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