HIDDN SOLUTIONS ASA – ISSUANCE OF NEW SHARES

Reference is made to the announcement from Hiddn Solutions ASA (the "Company") on 29 December 2016 regarding the Company's acquisition of 90.5% of the shares in Hiddn Security AS ("HIddn Security") (the "Transaction").

The Company has in the period from 4 January 2017 to 12 January 2017 consummated an offer to the remaining minority shareholders of Hiddn Security on the same terms as the Transaction. In connection with such offer, the board in the Company has today resolved issuance of 2,386,731 new shares in the Company, at a subscription price of NOK 2.89, in exchange for 1,303,753 shares in Hiddn Security. The shares are issued pursuant to a board authorization granted by the Company's extraordinary general meeting on 13 January 2017. The Company now owns approximately 97.1% of the shares in Hiddn Security.

The share capital increase pertaining to the share issue is expected to be registered with the Norwegian Register of Business Enterprises on or about 23 January 2017. Following the registration, the new shares will be issued on a separate ISIN up until a prospectus have been approved by the Financial Supervisory Authority of Norway, expected to take place by the end of January 2017.

Contact person: CEO, Tore Viana-Rønningen (phone +47 911 08 693)

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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