Highlights:

  · Q4 revenues of NOK 545m (NOK 508m)
  · 2023 FY revenues of NOK 1,707m (NOK 1,704m)
  · 2023 diluted EPS of NOK 0.44
  · Proposed cash dividend of NOK 0.50 per share
  · Solid and diversified pipeline for 2024

CEO comment:

The macroeconomic landscape as we enter 2024 presents an array of challenges, as
markets face risks stemming from geopolitical tensions, Europe's recession
and China's slowdown. However, following a turbulent start to 2023, the
financial markets surprised investors with a strong rally in stocks and bonds,
driven by better economic growth, easing inflation, and dovish signals from the
Fed.

A solid Q4 with revenues of NOK 545m (+7%) took 2023 full-year revenues slightly
above those of 2022, at approx. NOK 1.7bn. Gaining revenue momentum in the
second half of the year is a strong achievement following a soft start.

2023 demonstrated the diversity and balance of our business mix, with revenues
evenly spread between Corporate Financing, M&A and Brokerage and Research.
Despite a continued lack of IPOs, Corporate Financing revenues increased,
primarily driven by higher activity in primary and secondary placings and our
debt franchise. Our Brokerage team also showcased an impressive ability to
create liquidity and manage complex transactions. Our position in our core
markets is well defended and solidified despite the challenging conditions.

M&A and advisory revenues increased in Q4 relative to the same period last year.
For 2023 as a whole, we successfully completed a number of landmark deals in a
market that has seen relatively muted activity, including in the real estate
syndication segment.

Revenues from Brokerage and Research services were fairly stable, both during
last year and relative to 2022. We are delighted that our clients appreciate our
commitment, as evident by the recent Prospera survey rankings, in which we were
#1 in Research & Advisory in Norway and #2 overall in Sweden. The Norwegian
financial journal Kapital has also recognized our excellence, awarding ABGSC's
analysts and brokers 12 podium places, including #1 analyst and #1 broker.

Operating costs were again negatively impacted by the continued weakening of the
NOK relative to other currencies. While we continue to fight general price
inflation, some of the cost increase is by design, as we are investing in
broadening our service offering to secure long-term growth and improve our
business diversification. Our diversified revenue model and strong pipeline
should lead to continued revenue growth in our core business, and more clarity
on interest rate levels going forward will further support revenue generation.
As we navigate these dynamic market conditions, we remain focused on strategic
initiatives and prudent financial management. Our commitment to innovation,
resilience, and best-in-class advisory services position us well for sustained
success.

For further information:

Jonas Strom, CEO                                +46 8 566 294 68

Geir B. Olsen, CFO                               +47 22 01 60 35

Please find attached the Q4 Interim Report. A presentation will be held as a
webcast at 09:00 CET and can be accessed through a weblink or call-in details
presented on our corporate website www.abgsc.com.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation article 7 and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock
exchange announcement was submitted for publication, through the agency of the
contact persons set out above, at 08:00 CET on 9 February 2024.

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