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Regulatory press release

HUDL: Huddlestock achieved LOI with potential new IaaS customer in Germany

Huddlestock Fintech
17.11.2025 07:00:00 CET | Huddlestock Fintech AS | Non-regulatory press releases

Huddlestock Fintech AS ("Huddlestock"), a leading provider of investment
technology and services, has entered into a Letter of Intent (LOI) with a German
financial services company for its Investment-as-a-Service (IaaS) solution. Upon
completion of a final agreement, the company will become Huddlestock's next
client in its strategic expansion into Continental Europe.

"Following the transformation of our business model in the first half of 2025,
we are encouraged to see the trust placed in our regulatory infrastructure and
IaaS platform in our first target market in Continental Europe," said Leif
Arnold Thomas, CEO of Huddlestock.

On 10 November 2025, Huddlestock announced that its regulatory umbrella was
expanded from Financial portfolio management, Investment advice, Contract
brokerage and Investment brokerage, to also cover Client crypto-asset order
services.

The German financial services company will be permitted to offer investment
brokerage services through Huddlestock's liability umbrella, following a final
agreement.

Thomas continues: "Supporting innovative financial models within the securities
Industry aligns with our strategy to expand our services and strengthen our
position, enabling our client's digital investment offerings."

In the first half of 2025, Huddlestock successfully repositioned its IaaS
business, transitioning from the technologically more mature Nordic markets to a
strategic focus on Continental Europe. This transformation included the
divestment of Huddlestock's Nordic IaaS platform and organization, and the
launch of an asset-light European IaaS platform. The shift enables Huddlestock
to accelerate growth in less mature markets by leveraging partnerships and
scalable infrastructure at lower cost, while maintaining a strong commitment to
innovation and regulatory excellence.

CONTACTS

* Leif Arnold Thomas, Chief Executive Officer, Huddlestock Fintech AS, +47 982
15 520, leif.thomas@huddlestock.com

ABOUT HUDDLESTOCK FINTECH AS

Huddlestock is an innovative technology software provider through its
Investment-as-a-service offering, with full operational service support and a
leading financial Consultancy services business. We deliver innovative and
sustainable technology and operational solutions to companies offering financial
products and services.

Find out more at huddlestock.com - https://www.huddlestock.com/

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17848032/18721358/6580/Download%20announce
ment%20as%20PDF.pdf
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