Mandatory notification of trade

Reference is made to today's announcement regarding
issue of new shares in Nio Security, Inc.

Silva Holdings Limited, a company owned by Dennis
Dorf Mikkelsen, new board member of Nio and now a
primary insider in Nio, has received 17,000,000
shares in connection with the acquisition of Flamingo
Intervest Ltd. After the transaction, close
associates of Dennis Dorf Mikkelsen holds 17,000,000
shares.

Viva Holdings Limited, a company owned by Thomas
Haals Madsen, new board member of Nio and now a
primary insider in Nio, has received 16,500,000
shares in connection with the acquisition of Flamingo
Intervest Ltd. After the transaction, close
associates of Thomas Haals Madsen holds 16,500,000
shares.

Contaza Holdings Limited, a company owned by Masih
Nikdar, CEO of Flamingo Intervest Ltd and now a
primary insider in Nio, has received 16,500,000
shares in connection with the acquisition of Flamingo
Intervest Ltd. After the transaction, close
associates of Masih Nikdar holds 16,500,000 shares.

Lars Moldestad, board member and primary insider of
Nio, has cancelled 10,195,614 warrants to purchase
shares in Nio, whereof 2,695,614 at NOK 2.50 per
share and 7,500,000 at NOK 5.00 per share. After the
transaction, Lars Moldestad and close associates will
hold 13,725,553 shares in Nio and 0 warrants.

Bellamare Resources Ltd, a company owned by Jon
Skabo, board member and primary insider of Nio has
cancelled 13,704,386 warrants to purchase shares in
Nio, whereof 6,204,386 at NOK 2.50 per share and
7,500,000 at NOK 5.00 per share. After the
transaction, Bellamare Resources Ltd will hold
9,936,235 shares in Nio and 0 warrants.

In connection with the transaction, Lars Moldestad,
Jon Skabo and Tore Formo with close associates have
entered into lock-up agreements for their shares in
Nio, where they have agreed not to sell any shares in
Nio for a period up until 31 December 2013.

This information is subject of the disclosure
requirements acc. to §5-12 vphl (Norwegian Securities
Trading Act)