StrongPoint

StrongPoint announces closing of divestment of Norwegian Labels operations

1.9.2021 15:39:17 CEST | StrongPoint | Additional regulated information required

to be disclosed under the laws of a member state

StrongPoint ASA ("StrongPoint", ticker: STRO) today announces that the second

and last phase of the divestment was completed on September 1, 2021. Reference

is made to the announcement made on June 28, 2021 by StrongPoint regarding the

divestment of its Labels business to Volati Tryck Holding AB. The first phase of

the transaction was related to the Swedish Labels business, which was completed

on July 1, 2021. The Norwegian Labels business was part of StrongPoint AS and

required a demerger to a new legal entity before it could be transferred to

Volati. The new legal entity Ettiketto AS was formally registered in late August

2021. The divestment follows StrongPoint's 2025 growth strategy to focus on

in-store and e-commerce retail technology.

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/17847450/815/1070/Download%20announcement%

20as%20PDF.pdf

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