Instabank ASA – Subscriptions by primary insiders and close associates

Oslo, 4 May 2023: Reference is made to the stock exchange announcement by
Instabank ASA (the "Company") published on 4 May 2023, regarding the successful
private placement of new shares in the Company (the "Private Placement").
Certain of the Company's primary insiders and their close associates have
subscribed for and been allocated new shares in the Private Placement as further
described in the attached forms.

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