Pexip Holding

Transaction in Own Shares • May 31, 2021

Pexip Holding ASA - Initiation of Share Buyback Program

Pexip Holding ASA - Initiation of Share Buyback Program

Oslo, May 31, 2021: 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 88

million.

Pexip has an ongoing employee stock option program through which share issues in

2021 have raised NOK 88 million to the Company. Pexip has sufficient cash

reserves, stemming from the IPO in 2020 and from operations, to fund the

communicated growth investments without the need for the excess funding coming

from employee share option exercises, and will instead use these funds to buy

back shares. Pexip will use the shares acquired in this buyback program to

fulfil its obligations in future share option exercises.

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 June 1, 2021 and end the earlier of such time as

the buyback has been completed and June 29, 2021. 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 Arctic Securities 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

15,070 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:

Investors: 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.