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Kahoot! ASA

Share Issue/Capital Change Dec 4, 2020

3641_rns_2020-12-04_202d7c21-e87f-451f-9b47-34125ce646e6.html

Share Issue/Capital Change

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Kahoot! AS: New share capital registered

Kahoot! AS: New share capital registered

Oslo, 4 December 2020 - Reference is made to the stock exchange announcement by Kahoot! AS (the "Company") on 28 November 2020 regarding the completion of the acquisition of PlanB Labs OÜ ("Drops") and the resolution to increase the share capital of Kahoot! with NOK 85,916.9 by the issuance of 859,169 consideration shares to the shareholders of Drops at a subscription price of NOK 62.63 per share. The share capital increase related to the issuance of the consideration shares has now been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Following such registration, the new share capital of the Company is NOK 44,609,196.70, divided into 446,091,967 shares, each with a nominal value of NOK 0.10.

For further information please contact:

Eilert Hanoa, CEO

Phone: +47 928 32 905

Email: [email protected]

Ken Østreng, CFO

Phone: +47 911 51 686

Email: [email protected]

About Kahoot!

Kahoot! is on a mission to make learning awesome! We want to empower everyone, including children, students, and employees to unlock their full learning potential. Our learning platform makes it easy for any individual or corporation to create, share, and play learning games that drive compelling engagement. In addition, our family of apps takes math learning to a new level and empowers children to learn to read through play. Organizations can also connect and engage their work teams with Actimo, our employee engagement platform. Launched in 2013, Kahoot!’s vision is to build the leading learning platform in the world. In the last 12 months, more than 200 million games have been played on the Kahoot! platform with over one billion participating players in 200 countries. The company is headquartered in Norway with offices in the US, the UK, France, Finland, Estonia, Denmark and Spain. Let’s play!

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This information is subject to the disclosure requirements pursuant to Euronext Growth's continuing obligations.

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