Komplett ASA

Komplett ASA: Agremeent with Resurs Bank

Sandefjord, 31 August 2022: Komplett ASA has entered into an interim factoring

agreement with Resurs Bank AB.

At this stage, the agreement encompasses a limited number of customers to the

subsidiary Itegra, following periods of strong growth in the Distribution

segment.

The agreement is anticipated to have a gradual effect on net working capital as

from September. From the end of the fourth quarter, the agreement is expected to

yield improvements in net working capital in the range of NOK 300-400 million,

provided that a long-term agreement is entered into during the fourth quarter.

The Komplett Group has an existing collaboration with Resurs on the Flex

subscripton model launched in 2021.

SIBA Invest AB, a major shareholder of Komplett ASA since April 2022, is also a

major shareholder of Resurs Bank AB. For that reason, the agreement has been

handled as a related-party transaction and in accordance with the arm's length

principle.

For further inquiries, please contact:

Kristin Hovland, Head of Communication

Krister A. Pedersen, CFO

About Komplett ASA

Komplett Group is a leading online-first electronics and IT products retailer,

operating in Norway, Sweden and Denmark. Serving customers in the B2C, B2B and

distribution markets, the Group is deeply focused on delivering best in class

customer experience, built through decades of knowhow, expertise and deep

customer commitment. Komplett Group operates an efficient and scalable business

model that supports costs leadership and enables a competitive product offering.

AI Terminal