Pexip Holding

Transaction in Own Shares • Feb 10, 2022

Pexip Holding ASA - Initiation of Share Buyback Program

Pexip Holding ASA - Initiation of Share Buyback Program

Oslo, February 10, 2022: Pexip Holding ASA ("Pexip" or the "Company") has

decided to initiate a buyback of its own shares in the market for a total amount

of NOK 87.5 million.

Pexip has an ongoing employee share-based compensation program with existing

future commitments on delivery of shares. Due to a solid cash position, the

Board believes that it is an attractive option to buy back shares to fulfil its

obligations in future share option exercises. After this buyback program, Pexip

will continue to have sufficient cash reserves to fund the communicated growth

plan until the company returns to cashflow positive operations.

The buyback program will be conducted in accordance with the authorization

provided by the annual general meeting (AGM) to the board of directors ("The

Board") on May 20, 2021. According to the authorization the Board is authorized

to acquire shares in the Company on behalf of the Company with an aggregate

nominal value of up to NOK 155,700. The authorization is valid until the AGM in

2022, however no longer than until June 30, 2022.

The program will be initiated February 11, 2022 and end the earlier of such time

as the buyback has been completed and March 10, 2022. Under the authorization

from the AGM, the consideration per share may not be less than NOK 1 and may not

exceed NOK 200. All acquisitions under the buyback program will be executed on

Euronext Oslo Børs. Pexip has engaged ABGSC and Pareto Securities to carry out

the share buyback program on its behalf.

The execution of any repurchases will depend on market conditions, the buyback

program may be discontinued at any time and the Company may resolve to terminate

the buyback program before the threshold set out above is reached. Pexip holds

690,691 own shares as of the date of this announcement.

This information is made public by the Company pursuant to the EU Market Abuse

Regulation article 5, as supplemented by Commission Delegated Regulation (EU)

2016/1052 and is subject to the disclosure requirements pursuant to Section 5-12

the Norwegian Securities Trading Act.

For further information, please contact:

Mirza Koristovic, Director Investor Relations, IR@pexip.com, +47 93 87 05 25

About Pexip | pexip.com

Pexip simplifies complex videoconferencing to empower organizations with face-to

-face collaboration, no matter the location or technology. Our scalable platform

enables high-quality video meetings, with enterprise-grade security, and is

easily adapted to fit customers' IT requirements and existing infrastructure.

This makes Pexip the leading provider for  large enterprises and public sector

organizations. The solution is sold through 300 channel partners in 75 countries

and used in more than 190 countries. Pexip was listed on the Oslo Børs in May

2020.