Issue of new shares

Nio Security, Inc. has today issued a total of
3,500,000 new shares of its common stock to the
subscribers in private placement on June 15, 2010,
ref announcement from Nio on June 16, 2010.

After the share issue, Nio`s share capital will
increase from USD 3,597,804 to USD 3,947,804, and the
number of outstanding shares will increase from
35,978,041 to 39,478,041 (par value USD 0.10).

For further information, please contact: Espen
Brodin, Chairman & CEO, +47 92 04 45 58.