Nidhogg Resources Holding AB (publ), (the "Company" or "Nidhogg"), announces that it is preparing an application for an Egyptian onshore hydrocarbon project ("Project") through its subsidiary Nidhogg Energy AB as operator with 100% working interest. The application has not yet been submitted and is under review prior to filing.

To support the forthcoming application and initial funding requirements, the Company has entered into a binding Letter of Intent ("LOI") for a USD 360,000 convertible loan drawdown facility from the Family Office of U.S. energy investor Nick Steinsberger.

The facility includes:

• Loan amount: A total of USD 360,000, of which USD 60,000 will be made available immediately upon signing of the LOI.
• Interest Rate: The loan runs without current interest. Repayment is made at 1.5x-2.0x of the loan amount, depending on the maturity (15 to 21 months resp.) and whether conversion takes place.
• Conversion: The lender has the right to convert the loan into equity at the same valuation as future investors.
• Fees: No start, set-up or early repayment fees are charged .
• Related parties: The lender is not to be regarded as a related party to the company according to applicable regulations.
• Collateral: The loan is not secured with the company's assets. For the initial instalment, personal guarantees have been provided, secured by pledging shares in the parent company.
• Maturity: 15 months from the subsequent payment, with the possibility of extension up to 21 months.

Nick Steinsberger, a renowned petroleum engineer, pioneered the first commercially successful slickwater method in the Barnett Shale during the mid-1990s. His breakthrough technique transformed natural gas extraction, unlocked significant reserves, and ignited the American shale revolution. Over the course of his career, Steinsberger has supervised the drilling of more than 1,500 wells worldwide, including major projects in Africa.

Subject to submission and approval of the application, the process is expected to advance as follows:

• Dec 2025- Feb 2026: Anticipated submission and receipt of Letter of Award of the Project.
• March-June 2026: Issuance of the license agreement for the Project.
• Q3 2026 onwards: Commencement of the three-year work program.

 "This initiative represents a follow-up to the experience we have gained throughout the year while evaluating and pursuing various business opportunities in Egypt. The convertible loan facility strengthens our ability to advance the application process with confidence and positions Nidhogg to build on the groundwork already established in the region", says Niclas Biornstad, CEO, Nidhogg Resources Holding AB (publ).

The Company emphasizes that the application has not yet been submitted, and no award has yet been granted. More information about the Project will be provided when the application has been submitted.

This information is inside information that Nidhogg Resources Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication on December 18, 2025 at 09:40 CET.

Contact

Niclas Biörnstad, CEO Nidhogg Resources Holding AB (publ)

E-mail: [email protected]

Phone: +46 707299769

About Nidhogg Resources

Nidhogg Resources Holding AB (publ), www.nidhoggresources.se, is a Swedish limited liability company with a focus on commodities. Nidhogg was founded by individuals with a total of over 60 years of experience in the commodities market, with backgrounds ranging from exploration to exploitation as well as sales and a passion for extracting natural resources by applying innovative technology together with existing infrastructure.