Form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the competent authority)ⁱ

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Kahoot! ASA

LEI: 2549004957SZTRN8CW77

2. Reason for the notification (please tick the appropriate box or boxes):

[ ] An acquisition or disposal of voting rights

[x] An acquisition or disposal of financial instruments

[ ] An event changing the breakdown of voting rights

[ ] Other (please specify) iii:

3. Details of person subject to the notification obligationiv :

Name:	City and country of registered office (if applicable):
The Goldman Sachs Group, Inc.	City and country of registered office (if applicable): Corpora tion Trust Centre, 1209 Orange Street, Wilmington DE 19801, USA

4. Full name of shareholder(s) (if different from 3.)^v :

Kangaroo BidCo AS*

*Name change from NFH 230436 AS subject to registration in the Norwegian Register of Business Enterprises.

5. Date on which the threshold was crossed or reachedvi: 10/10/2023

6. Total positions of person(s) subject to the notification obligation:

	% of voting rights at tached to shares (to tal of 7.A)	% of voting rights through financial instru ments (total of 7.B.1 + 7.B.2)	Total of both in % (7.A + 7.B)	Total number of voting rights of is suer vii
Resulting situation on the date on which threshold was crossed or reached	0.02	82.38	82.40	492,836,049
Position of previous notification (if appli cable)	0	0	0

7. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:

A: Voting rights attached to shares

Class/type of shares ISIN code (if possi ble)	Number of voting rights ix		% of voting rights
	Direct (Art 9 of Directive 2004/109/EC)	Indirect (Art 10 of Directive 2004/109/EC)	Direct (Art 9 of Directive 2004/109/EC)	Indirect (Art 10 of Directive 2004/109/EC)
NO0010823131		111,053		0.02


SUBTOTAL A	111,053		0.02

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
Type of financial in strument	Expiration date x	Exercise/ Conversion Periodxi	Number of voting rights that may be acquired if the instrument is exer cised/ converted.	% of voting rights
Acceptances of the voluntary offer by Kangaroo Bidco AS (the "Offer") on all shares (the "Shares") in Ka hoot!. Share ISIN: NO0010823131	The Offer shall be settled within 20 Business Days of the settlement notice, i.e. 9 November 2023, provided that the re maining closing con ditions of the offer re main fulfilled until settlement of the Of fer.	N/A	251,586,628	51.05
Shares conditionally agreed to be ac quired by Kangaroo Bidco AS pursuant to an investment agreement dated 14 July 2023, Share ISIN: NO0010823131	The Shares shall be acquired in connec tion with the settle ment of the Offer.	N/A	148,015,955	30.03
Securities Lending	Open		3,259,768	0.66
		SUBTOTAL B.1	402,862,351	81.74

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC
Type of financial instrument	Expiration date x	Exercise/ Conversion Pe riod x i	Physical or cash settlement xii	Number of voting rights	% of voting rights
Swap	23/10/2023		Cash	1,983,735	0.40%
Swap	30/04/2024		Cash	437,562	0.09%
Swap	06/07/2032		Cash	284,688	0.06%
Swap	07/07/2032		Cash	199,000	0.04%
Swap	26/05/2026		Cash	101,915	0.02%
Swap	10/02/2026		Cash	61,111	0.01%
Swap	13/07/2033		Cash	50,737	0.01%
Swap	13/07/2033		Cash	1,429	0.0003%
Swap	26/07/2033		Cash	1,200	0.0002%
Swap	12/05/2033		Cash	611	0.0001%
			SUBTOTAL B.2	3,121,987	0.63

8. Information in relation to the person subject to the notification obligation (please tick the applicable box):

[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii

[x] Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:

Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial in struments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
The Goldman Sachs Group,
Inc.
Goldman Sachs (UK) L.L.C.

Goldman Sachs Group UK Limited
Goldman Sachs International

The Goldman Sachs Group, Inc.
Goldman Sachs & Co. L.L.C.

The Goldman Sachs Group, Inc.
Goldman Sachs Bank USA
Goldman Sachs Bank Europe SE

West Street Capital Partners VIII
Offshore, L.P.
West Street Capital Partners VIII
Europe, SLP
West Street Capital Partners VIII, L.P.
WSCP VIII Offshore Investments, SLP
WSCP VIII Investments B Sarl

West Street Capital Partners VIII
- Parallel, L.P.
West Street Capital Partners VIII
- Parallel B S.à r.l.

West Street Private Markets 2023, L.P.
West Street Private Markets 2023 Offshore, SLP
West Street Private Markets
2023 Offshore B SCSp
West Street Private Markets
Equity 2023 Aggregator S.A.R.L.

West Street Alternatives Mas
ter
Equity Partners SCSp
West Street Alternatives Mas
ter
Equity 1 Investments S.à r.l.
West Street Alternatives Mas
ter
Equity 2 Investments S.à r.l.

ELQ Lux Holding S.à r.l.



Kangaroo Topco S.à r.l.
Kangaroo Holdco AS

Kangaroo Finco AS
Kangaroo Midco AS

Kangaroo Bidco AS	81.08%

9. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]

10. Additional informationxvi:

General email contact: [email protected]

Done at London on 11/10/2023

Annex: Notification of major holdings (only to be filed with competent authority and not with the relevant issuer)

A: Identity of the person subject to the notification obligation
Full name (including legal form for legal entities)
The Goldman Sachs Group, Inc.
Contact address (registered office for legal entities)
Corporation Trust Center, 1209 Orange Street, Wilmington DE 19801, USA
E-Mail
[email protected]
Phone number / Fax number
+44 207 051 3075
Other useful information (at least legal a contact person for legal persons)
Alexandra J Wessel
Email: [email protected]
Tel: +44 207 774 5006

B: Identity of the notifier, if applicable

Full name

Goldman Sachs International

Contact address

25, Shoe Lane, Plumtree Court, London, EC4A 4AU, UK

E-Mail

Phone number / Fax number

Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

Goldman Sachs International is an indirect wholly owned subsidiary of The Goldman Sachs Group, Inc.

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