Nasdaq : Semi-Annual Review of the Nasdaq First North 25 Index

Stockholm, December 18, 2017 - Nasdaq (Nasdaq:NDAQ) announces today the results of the semi-annual review of the Nasdaq First North 25 Index (Nasdaq Stockholm: FN25) which will become effective with the market open on Tuesday, January 2, 2018.

Aspire Global plc (ASPIRE), Climeon AB ser. B (CLIME B), Cognosec AB (COGS), Global Gaming 555 AB (GLOBAL), IRLAB Therapeutics AB ser. A (IRLAB A), Nordic Leisure AB (NLAB), SaltX Technology Holding AB se (SALT B), Fastighets AB Trianon ser. B will be added to the portfolio. Nilorngruppen AB Ser. B (NIL B), Sdiptech AB B (SDIP B), ShaMaran Petroleum Corp (SNM), Transtema AB (TRANS), Vostok Emerging Finance Ltd (VEMF SDB) will exit the portfolio.

The FN25 consists of the largest and most traded shares listed on Nasdaq First North. Companies included in the FN25 are selected through a two-step process as follows:

• The 30 largest companies measured by market capitalization are selected.
• The 25 most traded shares within this pool, measured by aggregated trading turnover over a six month period, are selected for the index.

FN25 is reviewed semi-annually in January and July.

The Nasdaq First North 25 Index constituents effective January 2, 2018, are:

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $12 trillion. To learn more, visit: http://business.nasdaq.com

Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB and Nasdaq Broker Services AB.Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius.

Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.