Kahoot! ASA

Share Issue/Capital Change • Jun 16, 2020

Kahoot! AS: New share capital registered

Kahoot! AS: New share capital registered

Oslo, 16 June 2020 - Reference is made to the stock exchange announcement by Kahoot! AS (the "Company") on 10 June 2020 regarding the successfully completed private placement of new shares in the Company (the "Private Placement") and the resolution by the Board of Directors to increase the Company's share capital in connection with the Private Placement.

The share capital increase related to the Private Placement 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 39,949,026.30, divided into 399,490,263 shares, each with a nominal value of NOK 0.10.

The new shares are expected to be listed and tradable on Merkur Market today, on 16 June 2020.

For further information please contact:

Eilert Hanoa, CEO

Phone: +47 928 32 905

Email: eilerth@kahoot.com

Ken Østreng, CFO

Phone: +47 911 51 686

Email: keno@kahoot.com

About Kahoot! AS

Kahoot! is on a mission to make learning awesome! We want to empower every child, student and employee to unlock their full learning potential. Our game‐based learning platform makes it easy to create, share and play learning games driving compelling engagement. In addition, our family of apps takes math learning to a new level and empowers children to learn to read through play. Launched in 2013, Kahoot!’s vision is to build the leading learning platform in the world. Over the past 12 months, 218 million games were played on the Kahoot! platform with 1.3 billion participating players in 200 countries. The company is headquartered in Norway with offices in the US, the UK, France and Finland. Let’s play!

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This information is subject to the disclosure requirements pursuant to Merkur Markets continuing obligations.