Release of lock-up of shares

In connection with the refinancing of Nio Security,
Inc. in November 2009, the lenders under the NOK 20
million short term loan agreement and other key
creditors accepted to convert debt into a total of
14,371,558 new shares in Nio. The lenders and
creditors agreed to a lock-up, where each agreed not
to dispose of any shares for a period of 90 days from
the date of listing of the new shares.

The board of directors of Nio has resolved to release
the lock-up for the converting shareholders effective
as of today.

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