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Arbitral Tribunal Has Confirmed DNV's Redemption Right over the Minority Shares in Nixu, DNV Has Gained Title to the Minority Shares in Nixu and the Nixu Shares will be delisted from Nasdaq Helsinki

Nixu Corporation, Stock Exchange Release, December 1, 2023, 7.30 p.m. EET

The arbitral tribunal appointed by the Redemption Board of the Finland Chamber
of Commerce (the “Arbitral Tribunal”) in connection with the redemption
proceedings concerning the minority shares in Nixu Corporation (“Nixu”) has in
its interim award confirmed that DNV AS (“DNV”) has the right to redeem the
minority shares in Nixu and that DNV has the right to obtain title to the
minority shares by posting a security approved by the Arbitral Tribunal for the
payment of the redemption price and the possible interest accruing thereon. DNV
has today posted a security approved by the Arbitral Tribunal and DNV has thus
gained title to all the shares in Nixu in accordance with Chapter 18, Section 6
of the Finnish Companies Act (624/2006, as amended, the “Finnish Companies
Act”). After the security has been posted and the title to the minority shares
transferred, the minority shareholders of Nixu being parties to the redemption
proceedings are entitled to receive only the redemption price and the possible
interest payable thereon.

Nixu announced on October 9, 2023, that the Board of Directors of Nixu has
resolved to apply for the termination of public trading in the shares of Nixu
and for the delisting of its shares from the Official List of Nasdaq Helsinki
Ltd (“Nasdaq Helsinki”) so that the delisting would occur as soon as possible
upon DNV having gained title to all the shares in Nixu in the pending redemption
proceedings under Chapter 18 of the Finnish Companies Act. Following the
confirmation of the redemption right, Nasdaq Helsinki has suspended trading in
the Nixu shares today at 3.40 p.m. EET.

Upon Nixu's application, Nasdaq Helsinki has on October 23, 2023, decided that
the shares in Nixu will be delisted from the Official List of Nasdaq Helsinki
after DNV has gained title to all the shares in Nixu in the redemption
proceedings in accordance with the Finnish Companies Act. The shares of Nixu
will be listed for the last time today in accordance with a separate release
published by Nasdaq Helsinki.

After the delisting has taken place, Nixu is not subject to the periodic
reporting obligation set out in the Finnish Securities Market Act and will
thereby not publish a periodic financial reporting from the ongoing or future
reporting periods.

Additional Information:

Anniina Hautakoski, Nixu

anniina.hautakoski@nixu.com

+358 50 598 8304

About Nixu

Nixu is a cyber security services company that has been shaping the future
through cyber security for over three decades. The Company makes cyberspace a
secure place and helps clients ensure business resilience with peace of mind.
Nixu has Nordic roots, and employs around 400 of the best professionals in
Finland, Sweden, the Netherlands, Denmark, and Romania. Nixu's experts are
safeguarding the most demanding environments of some of the largest
organizations in the world across all industries. Nixu's shares are listed on
Nasdaq Helsinki.