Our official statement on recent media reports regarding legal matters involving Northern Data

Northern Data refutes the allegations in the strongest terms. It is no coincidence that these allegations from disgruntled former employees are being publicized just days after unconfirmed media speculation that the company is evaluating a potential capital markets event. The allegations are clearly financially motivated and completely baseless. We will contest them vigorously to protect ourselves against false assertions which damage our company and our business. Integrity is paramount to Northern Data and its leadership. As a publicly listed company we have comprehensive policies and procedures to ensure the accuracy and credibility of our financial reporting. Our 2022 accounts received an unqualified audit opinion, and we will release our 2023 audited financials as scheduled. We are well capitalized and have a very robust growth plan, with revenue expected to more than triple in 2024 - a clear demonstration of Northern Data’s stability and strong investment strategy.