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Regulatory press release

Crunchfish Equity Analysis - presented by the Chief Analyst

Crunchfish
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Crunchfish has commissioned Västra Hamnen Corporate Finance to do equity analysis on Crunchfish. Chief Analyst Alf Riple held a presentation of his research and the model for valuation of Crunchfish during the fourth Survival of the fittest webinar on January 28[th], 2022.

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The webinar on Crunchfish Equity Analysis (https://youtu.be/15VcK6Hp8Ww) was the fourth of the Survival of the fittest webinar series (https://www.crunchfish.com/webinars/). After the presentation, a panel of Crunchfish CEO Joachim Samuelsson and IR Manager Erik Berggren discussed the analysis and the valuation model, as well as answered questions from the audience.

"As a summary, the thing about Crunchfish that makes the company stand out is that the market is extremely big. Comparing to other companies we analyze, there are greater market opportunities, but also greater market risks related to the Crunchfish investment case",says Alf Riple, Chief Analyst at Västra Hamnen Corporate Finance.

The equity analysis of Crunchfish can be found on Crunchfish's Investors (https://www.crunchfish.com/investors/) site.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46708 46 47 88

joachim.samuelsson@crunchfish.com

Erik Berggren, IR Manager

+46726 01 16 73

erik.berggren@crunchfish.com

This information was provided by the contact person above for publication on 28 January 2022 at 12:30 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se.Telephone +46 40 200250.

About Crunchfish -crunchfish.com (https://www.crunchfish.com/)

Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

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