Warrants

Reference is made to announcement from Nio Security,
Inc. on November 19, 2009 regarding the refinancing
of Nio Security, Inc. where up to 1,800,000 warrants
to purchase shares at NOK 2.50 per share with expiry
on December 31, 2012 was granted and held in escrow
for future allocation upon resolution by the board of
directors. On February 17, 2010, the board of
directors of Nio resolved to allocate these warrants
as follows:

Espen Brodin, chairman & CEO and primary insider of
Nio, has been allocated 600,000 warrants. After this
transaction, Espen Brodin holds 0 shares and 600,000
warrants. Bawa AS, a company owned by close
associates of Bjarne Støtvig jr., board member and
primary insider of Nio, has been allocated 600,000
warrants After this transaction, close associates of
Bjarne Støtvig jr. will hold 680,829 shares and
600,000 warrants. Tore Formo, CFO and primary insider
of Nio, has been allocated 600,000 warrants. After
this transaction, Tore Formo will hold 653,415
shares, 10,834 options and 600,000 warrants, and
close associates of Tore Formo 320,372 shares.

For further information contact Espen Brodin,
Chairman & CEO, +47 920 44 558.