Pexip Holding

Board/Management Information • Aug 23, 2021

Change of CEO at Pexip

Change of CEO at Pexip

Oslo, Norway, August 23, 2021 - The Board of Directors (The Board) of Pexip

Holding ASA ("Pexip" or "The Company", Oslo Børs Ticker: PEXIP) has today

appointed the Company's CFO, Øystein Hem, as interim CEO. Pexip's current

CEO, Odd Sverre Østlie, will leave the company, but will be available at

the Company's discretion for a period to come.

"Odd Sverre Østlie has led the Company through a merger and significant growth,

headed the highly successful IPO in 2020, and expanded an already great

team with lots of new talent," said Michel Sagen, Chair of the Board of Pexip,

and continued, "The rapid growth of Pexip will fundamentally change the Company

over the coming years. The Board and Odd Sverre are aligned with regards to

Pexip's strategy but have different views on the approach going forward.

Thus, the Board and Odd Sverre have agreed that the timing is right for a new

CEO. The Board would like to thank Odd Sverre for the great results and wish him

the best of luck in future endeavors".

"It has been a privilege to lead Pexip over the past years. We have built an

exceptional technology platform, earning us the trust of some of the world's

largest enterprise and government organizations. At the same time, we have built

an excellent, global team with a culture that is unique in the industry, and I

am confident that the team will continue to drive further success. In short, I

remain extremely confident in Pexip's future and wish the team the best of

luck," said Mr.Østlie.

The Pexip Board will now initiate a succession process. Meanwhile, CFO Øystein

Hem has agreed to take on the role of interim CEO with immediate

effect. Mr. Hem joined Pexip in 2018. He has extensive management and industry

experience from Telenor and McKinsey.

"The Board is pleased that Øystein has accepted the interim CEO position. He

has already demonstrated outstanding performance as CFO. Øystein and the

management team have the drive and skills to propel the company forward - both

along the outlined strategic trajectory and towards the ARR target of USD 300

million by the end of 2024," concluded Mr. Sagen.

This information is considered to be inside information pursuant

to the EU Market Abuse Regulation and is subject to the disclosure

requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Contact:

Michel Sagen, Chair of the Board, +47 982 90 071

Øystein Hem, Interim CEO, +47 992 34 596

Odd Sverre Østlie, +47 415 21 580

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.