The Board of Directors
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Bjørn Kjos - Member

Founder of Norwegian Air Shuttle and CEO from 2002 until 2019 in which period the airline grew from a few airplanes to become Europe’s third and the world's fifth largest low-cost carrier operating around 170 aircrafts. Bjørn Kjos is also co-founder of Bank Norwegian which purpose was to facilitate the airlines loyalty program, the bank is currently worth about 1.8 billion USD. Before becoming the CEO of Norwegian Air Shuttle Bjørn Kjos worked as a lawyer admitted to the Supreme Court of Norway.
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Sturle Skulevold - Member

Sturle has extensive commercial and operational experience from the financial, consulting and aviation industry, work ranging from building SME companies to scaling worldwide operations. He has been part of the Norwegian group since 2016 before joining NBX. Sturle holds a MSc in Finance from EDHEC Business School, HEC Lausanne and BI Norwegian Business School.
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Kari Due-Andersen - Member

Kari Due-Andresen is the chief economist in Handelsbanken Norge and has 20 years of work experience in financial and socioeconomic analysis. She has worked at Handelsbanken Capital Markets since 2011. Kari Due-Andreasen has previously worked as a senior advisor in the central bank of Norway (Nw. Norges Bank) within macroeconomic and monetary policy analysis, and has inter alia worked with the central bank's model for the Norwegian economy and determination of interest rate. Further, Andresen has experience as a financial analyst in DNB markets and as an assistant lecturer at the Department of Economics at the University of Oslo. She has a master's degree in economics at the University of Oslo, a master's degree in economics at the Norwegian School of Economics (NHH) and has taken the management course at the Norwegian Defence University College.
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Nils Kristian Sundling - Chairman

Nils Sundling, board member Nils Sundling has a background from the bank and financial sector in Norway. He has had a multitude of leading position in banks and financial institutions. Sundling was, at the turn of the millennium, responsible for setting up the first internet bank in Norway, NOR 24. He has been CEO in the British consultancy company C3, which was involved in the establishment of several internet banks in Norway. For the last 15 years, Nils Sundling has been an investor and founder, and has amongst other things, headed the BPO company Runway, and is the founder of the dentist chain “Tannfeen”. He has been a board member of Webhelp Nordic, Scandinavian House, Runway and Tannfeen Norge, and is presently board member of Norwegian Block Exchange and Ideco Group.
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Management

Stig A. Kjos-Mathisen - CEO
Stig is an ex-military serving 12 years in the Norwegian Special Forces and the Intelligence Service. Gaining experience ranging from tactical to strategic operational planning and execution and leadership from team to squadron level. Before co-founding NBX Stig was head of the manpower resource planning department for Norwegian Air Shuttle. Stig also holds a Master of Science in Finance from BI Norwegian Business School and HEC Lausanne. Stig is a board member at the Norwegian Computer Society Group for Blockchain.

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‍Torstein Thinn - CFO
Torstein has 7 years of experience as a quant trader in commodities and power markets before joining the Norwegian Tax Administration (NTA) as a financial analyst in 2013, with a key role as deputy in restructuring the financial area. The last two years at NTA was spent building up a team on crypto assets. Torstein holds a Cand. Merc. and MSc in Finance from the Graduate Programme in Economics and Business Administration at NHH. He is a board member at the Norwegian Computer Society Group for Blockchain.

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‍Trond Pettersen – Senior Risk and Compliance Officer
Trond has more than 20 years of experience from the finance industry where he started out as a software developer. He has extensive experience with internal control, risk management and compliance from holding positions like Quality and security manager for VPS and later Chief Compliance Officer for Euronext Securities Oslo. Trond holds a master’s degree in Industrial economics and computer science from NTNU.

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‍Sturle Skulevold - COO
Sturle has extensive commercial and operational experience from the financial, consulting and aviation industry, work ranging from building SME companies to scaling worldwide operations. He has been part of the Norwegian group since 2016 before joining NBX. Sturle holds a MSc in Finance from EDHEC Business School, HEC Lausanne and BI Norwegian Business School.

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Lars Kristian Holt - CTO
Prior to heading the Technical Department at NBX Lars worked several years as Senior Developer at leading finance and accounting SaaS solution provider 24SevenOffice. Lars has extensive experience building large scale and distributed business critical applications within the finance sector. Lars is well structured and is well known for his precision and execution of complex code deployments and holds a software engineering degree.

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‍Inna Romanenko - Chief AML Officer
Inna has deep knowledge and experience within the AML field. She has worked in a large commercial bank in Latvia, called Rietumu Bank, serving corporate clients and wealthy individuals. She also has MSc in Finance and CAMS certification, which is recognized as the gold standard in AML by institutions, governments and regulators worldwide.

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‍Kateryna Dolzhenko - Head of Marketing
Kateryna has more than 10 years of experience in marketing. Starting from product and brand management in FMCG, where digital transformation was one of the solid growth vectors, Kateryna found a big interest in digital. Kateryna developed digital strategies for over 100 international brands such as L’Oreal, Pepsi, Nestlé, Red Bull, Nokia, LVMH, and others in different industries. Over the past 4 years, she works full time in the cryptocurrency industry. Kateryna has a Master’s degree in Marketing from Kyiv National Economics University and holds a certificate from the UNIC Blockchain Initiative from the University of Nicosia.‍

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ARTICLES OF ASSOCIATION OF NORWEGIAN BLOCK EXCHANGE AS
(Adopted at the Extraordinary General Meeting on 5 May 2021)

§ 1- Company name
The company's name is Norwegian Block Exchange AS.

§2 - Business office
The company's business office is in Bærum municipality.

§3 - Business
The company's business is investment, development and dissemination of payment solutions and systems,
including for financial instruments.

§4 - Shareshare
capital Thecapital is NOK 51,917,348.80 divided into 64,896,686 shares, each with a nominal value of NOK 0.80.
The company's shares are registered in Verdipapirsentralen ASA (VPS).

§5 - Board
The company shall have a board from three to seven members, according to the general meeting's further decision.

§6 - Signature and power of attorney
The company may be signed by the board jointly. The board can issue a power of attorney.

§7 - General meeting
At the annual general meeting, the following issues shall be considered and decided:
• Approval of the annual accounts and the annual report, including the distribution of dividends.
• Other matters which according to the law or the articles of association belong to the general meeting.

§ 8 - Free trading of shares
The shares in the company are freely negotiable, including no pre-emptive right or board consent
under the Companies Act or other trading restrictions in the event of a change of ownership of shares.

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