INSTA: Update on the acquisition of Instabank by Lunar

Reference is made to Instabank ASA's ("Instabank") announcement on 4 August 2022
where Instabank gave an update on Lunar's acquisition of Instabank. In that
announcement, Instabank announced that Lunar's management had informed Instabank
that it deemed it unlikely that Lunar would be able to raise the required
capital and complete the regulatory approval process before the long-stop date
for the offer of 30 September 2022.
 
Despite the deadline not expiring before midnight, Lunar has today announced
that Lunar will not complete the transaction. Consequently, the Instabank
Shareholders who have tendered their Shares are released from their acceptance
of the Offer and the blocking of their Shares will be released. Instabank will
continue to assess the situation and any steps to be taken by Instabank to
protect the interests of Instabank and its shareholders.