Ayfie Group: Results of 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 the 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") expired
on 7 November 2023, at 16:30 hours (CET). At the expiry of the Subscription
Period, the Company had received valid subscriptions for a total of 1,250,000
Offer Shares.

The final allocation of the Offer Shares has now been completed based on the
allocation criteria set out in the subscription form prepared by the Company in
connection with the Rights Issue, dated 23 October 2023 (the "Subscription
Form").

The final allocation shows that:

-	9,494 Offer Shares have been allocated based on validly exercised subscription
rights during the subscription period;
-	4,075 Offer Shares have been allocated on a pro rata basis based on the number
of subscription rights exercised by each over-subscriber to subscribers who have
exercised their subscription rights and over-subscribed; and
-	1,236,431 Offer Shares have been allocated to underwriters on a pro-rata basis
based on the respective underwriting obligations described in the terms and
conditions set out in the underwriting agreements of the Rights Issue (i.e., not
based on subscription rights).


Notification of allocated Offer Shares and the corresponding subscription amount
to be paid by each subscriber will be distributed on 8 November 2023. The
payment date for the Offer Shares will be on 10 November 2023.

The Offer Shares may not be transferred or traded before they have been fully
paid by all subscribers and the share capital increase pertaining to the Rights
Issue has been registered with the Norwegian Register of Business Enterprises.
Subject to timely payment of the aggregate subscription amount in the Rights
Issue, it is expected that the Company's new share capital following the Rights
Issue will be registered with the Norwegian Register of Business Enterprises on
or about 16 November 2023. Subject to the aforementioned, it is expected that
the Offer Shares will be tradable on Euronext Growth on or about 16 November
2023 and that the Offer Shares will be delivered to subscribers on or about 17
November 2023.

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.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange