TradeWindow and nChain conclude strategic agreement

MARKET RELEASE
25 JULY 2023
TradeWindow and nChain conclude strategic agreement
TradeWindow (NZX: TWL), the global trade software business, today announces it has
concluded a strategic agreement that will see UK headquartered technology company nChain
take a 19.99% stake for an $11.1 million investment.
The agreement, which is subject to shareholder approval, follows on from a heads of
agreement signed on 31 March 2023. In line with that agreement, nChain will subscribe to ~28
million new TradeWindow ordinary shares at a price of $0.3952 per share.
The nChain investment will be comprised of:
• an upfront cash payment of $2.4 million;
• the provision of an overarching architectural framework to create a global trade
platform for the services provided under the agreement, valued at $2 million;
• the provision of nChain's suite of software products for the term of the agreement,
valued at $2.7 million; and
• the provision of software development services valued at $4 million to deliver
TradeWindow’s global trade platform project over the next 24 months. The 10 million
shares associated with this portion of the agreement will be held in escrow and
progressively released to nChain pending the completion of each work package.
nChain will also become the exclusive distribution partner for TradeWindow’s solutions
across the UK and Scandinavia, and a non-exclusive distribution partner elsewhere.
TradeWindow will release details of the planned special meeting to approve the issue of
shares to nChain, including additional background and deal details, shortly.
Released for and on behalf of TradeWindow by:
Deidre Campbell
Chief Financial Officer

ENDS

About TradeWindow:
Founded in December 2018, TradeWindow is an NZX-listed software company that provides digital solutions for exporters,
importers, freight forwarders, and customs brokers to drive productivity, increase connectivity, and enhance visibility.
TradeWindow’s software solutions integrate to form a cohesive digital trade platform that enables customers to more efficiently
run their back-end operations, share information and securely collaborate with a global supply chain made up of customers,
ports, terminals, shipping lines, banks, insurance companies, and government authorities.
www.tradewindow.io
About nChain
nChain is a leading provider of global blockchain technology, IP licensing and consulting services. We serve clients globally to
power several industries, including gaming, supply chain, and finance. nChain offers Web3 solutions in the digital payment space,
along with professional services that assist enterprises of all types to benefit from blockchain technology. nChain currently has
almost 2,800 registered active and pending patents and is the developer behind the Bitcoin SV Node software, Teranode, Kensei
and more.
www.nchain.com
Further information:
Investors
Andrew Balgarnie
TradeWindow
+64 27 227 3541
Media
Richard Inder
The Project
+64 21 645 643