StrongPoint

Update on StrongPoint's announced intention to acquire Air Link Group - exclusivity is extended

29.4.2022 18:00:00 CEST | StrongPoint | Additional regulated information

required to be disclosed under the laws of a member state

Reference is made to the stock notice on February 14, 2022, regarding the signed

term sheet to acquire 100% of the shares in Air Link Group Ltd and its

subsidiaries. The ambition was to conclude the due diligence and the negotiation

of the share purchase agreement within the exclusivity period ending April 30,

Both parties remain fully committed to completing the share purchase agreement.

However, both parties recognise that additional time beyond the originally

agreed upon exclusivity period is needed to complete a satisfactory due

diligence and agree on the final pieces of the share purchase agreement.

Therefore, the exclusivity period is today extended to May 27, 2022 by mutual

consent. Both parties expect this to be sufficient time to conclude the share

purchase agreement.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

CONTACTS

* Hilde Horn Gilen, CFO StrongPoint ASA, +47 920 60 158,

ABOUT STRONGPOINT

StrongPoint is a retail technology company that provides solutions to make shops

smarter, shopping experiences better and online grocery shopping more efficient.

With over 400 employees in Norway, Sweden, the Baltics and Spain and together

with a wide partner network, StrongPoint supports businesses in more than 20

countries. StrongPoint provides in-store cash management and payment solutions,

electronic shelf labels, self-checkouts, task and labor management software,

click & collect temperature-controlled grocery lockers, in-store and drive-thru

grocery pickup solutions and, grocery order picking solutions. StrongPoint is

headquartered in Norway and is listed on the Oslo Stock Exchange with a revenue

of 1bn NOK [ticker: STRO].

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847450/1397/1895/Download%20announcement

%20as%20PDF.pdf

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