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Registration of capital increase of 4,479,204 shares in Penneo A/S completed

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Company Announcement No. 7-2022
Copenhagen, 7 March 2022

With reference to company announcement No. 6-2022, Penneo A/S ("Penneo") hereby announces that the capital increase of a nominal amount of DKK 89,584.08 consisting of 4,479,204 shares of a nominal value of DKK 0.02 each, representing approximately 16.5% of the share capital and the voting rights before the capital increase, has been registered with the Danish Business Authority.

The new shares will be issued in the temporary ISIN code, DK0061681327, which will be merged with the primary ISIN code for existing shares, DK0061283009, as soon as possible after the capital increase has been registered with the Danish Business Authority. The temporary ISIN code, DK0061681327, will not be admitted to trading on Nasdaq First North Growth Market Denmark but will only be registered with VP Securities A/S for use in connection with subscription for the new shares.

The new share capital will be reflected in Penneo's articles of association which are available on the Company’s webpage

Further information
CEO, Christian Stendevad
Mobile (+45) 27 29 50 02
Penneo A/S

Certified Advisor
Grant Thornton, Jesper Skaarup Vestergaard
Direct (+45) 35 27 50 11, Mobile (+45) 31 79 90 00

About Penneo A/S
Penneo is a Software-as-a-Service (SaaS) provider originally established to help companies with digital document signatures. Penneo was founded by six Danish entrepreneurs, who joined forces with a shared ambition to reduce the “hassle of getting documents signed” by replacing pen and paper with a digital alternative. This new digital “pen” (Pen-neo) was launched in 2014. Today, Penneo has evolved into an eco-system of automation solutions that digitize company workflows in connection with onboarding of customers (KYC) and secure and easy signing and management of documents. The company offers a RegTech solution that gives companies an efficient and inexpensive tool for complying with regulatory requirements. Penneo holds a strong position in the Nordic countries. In Denmark alone, more than 740,000 individuals signed documents electronically with Penneo in 2021.

For information about Penneo, please visit https://penneo.com/investors/

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