Kid ASA

Share Issue/Capital Change • Mar 16, 2021

Kid ASA - Contemplated secondary placing

Kid ASA - Contemplated secondary placing

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Oslo 16 March 2021. ABG Sundal Collier ASA and SpareBank 1 Markets (together the "Managers") has been retained as joint bookrunners by Gjelsten Holding AS (“Gjelsten Holding”) to explore the sale of up to 5 – 6 million existing shares in Kid ASA (the “Company” or "Kid"), representing approximately 12 -15% of the share capital in the Company (the "Placing"). The Placing is to be conducted as an accelerated bookbuilding process.

The bookbuilding process will commence immediately following the publication of this announcement and may be closed at short notice at the full discretion of the Managers. A further announcement will be made following pricing of the shares in the Placing. Gjelsten Holding reserves the right, at its own discretion, to sell fewer shares or no shares at all.

Gjelsten Holding currently holds 10,161,291 shares in the Company, equivalent to 25% of the share capital. Gjelsten Holding is represented on the board of directors in the Company.

For further information, please contact:

ABG Sundal Collier: +47 22 01 60 11

SpareBank 1 Markets: + 47 24 14 74 70

Important Notice

The distribution of this announcement and the offer and sale of the shares in certain jurisdictions may be restricted by law. The shares may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the shares in such jurisdiction. No action has been taken by the Managers or any of its affiliates that would permit an offering of the shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This press release is for information purposes only and does not constitute or form a part of an offer to sell or a solicitation of an offer to purchase any security of the Company in the United States or in any other jurisdiction where such offer or solicitation is unlawful. The securities of the Company described in this press release have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any applicable state or foreign securities laws and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offering of securities in the United States.