Instabank ASA – Mandatory notification of trade by primary insider

Farzad Jalily, Chief Technology Officer of Instabank ASA and employee
representative on the board of Instabank ASA, on September 20th, 2023 bought
65,000 shares in Instabank ASA at a price of NOK 1.55 per share. Following this
transaction, Farzad Jalily owns a total of 929,417 shares in Instabank ASA. See
the enclosed form for further information about the transaction.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act