Kid ASA

Major Shareholding Notification • May 28, 2020

KID - Disclosure of shareholding

KID - Disclosure of shareholding

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.

KID - Disclosure of shareholding

Gjelsten Holding AS (“Gjelsten Holding”) has today sold 5,018,018 shares in Kid ASA (the “Company” or "Kid"), representing 12.35% of the share capital in the Company, at a price of NOK 64.80 per share. This price reflects that the share is trading ex-dividend, NOK 1.20, as from today.

The sale price adjusted for dividend corresponds to a discount vs volume weighted average price since the Company’s 1Q report 19 May 2020 of 2.9%, and 9.6% vs the closing price of 27 May 2020.

The shares were sold through an accelerated bookbuilding process managed by SpareBank 1 Markets AS as sole bookrunner.

After settlement of the transaction, Gjelsten Holding own 10,161,291 shares in the Company, equivalent to 25.00% of the share capital in the Company.