Crayon Group Holding — Board/Management Information 2018

Mar 23, 2018

Crayon Group Holding ASA: Strengthening Group Management

Crayon Group Holding ASA: Strengthening Group Management

Oslo, 23 March 2018: To drive the Group's M&A agenda and further efficiencies across Crayon's global footprint, Crayon Group has appointed Knut Ansten into a newly created role as EVP, Head of Business Transformation and M&A. Mr. Ansten joined Crayon in September 2014 as VP Finance, and was appointed Group CFO in August 2015. During this period, Mr. Ansten has led the company through several critical milestones, including the bond issue ("CRAYON02") in April 2017 and the IPO in November 2017. Mr. Ansten will continue to be part of the Group's management team. Mr. Ansten holds 222,005 shares and 150,000 options in Crayon Group Holding ASA.

Effective as of today, Jon Birger Syvertsen joins the Group management team as CFO. Before joining Crayon, Mr. Syvertsen was the CFO of Kebony AS and held management/business development roles at FMC Health and Nutrition and Epax AS. Prior to this he was an Engagement Manager at McKinsey&Company, where he was a member of the Corporate Finance practice and served clients in multiple industries across Europe. Mr. Syvertsen holds a Master of Science degree in Industrial Economics and Technology Management from the Norwegian University of Science and Technology (NTNU) and Universität St. Gallen in Switzerland. He is a Norwegian citizen, residing in Oslo, Norway.

CEO Torgrim Takle says "Crayon is on an immensely exciting growth journey enabled by our global footprint, and to maximize the shareholder value from this growth it will be critical to drive further globalization of our operating model and evaluate the structural opportunities in the industry. With his in-depth understanding of our business model and his proven track record on delivering results for the company, Knut is in a unique position to drive both the business transformation and efficiently address structural opportunities going forward, and we are grateful that Knut is willing to take on this challenge. Furthermore, we are happy to welcome Jon Birger to the Crayon Group team as CFO. His skills and experience will be critical in driving further growth and cost efficiency from our global footprint, propelling us towards a global leadership in the cloud and Software Asset Management business"

For further queries, please contact:

Torgrim Takle, Chief Executive Officer

Crayon Group Holding ASA

Tel.: +47 95 14 07 82

Email: torgrim@crayon.com

About Crayon

Crayon Group Holding ASA is a leading IT advisory firm in software and digital transformation services. With unique IP tools and skilled employees, Crayon help optimize its clients' ROI from complex software technology investments. Crayon have long experience within volume software licensing optimization, digital engineering, predictive analytics and assists the clients through all phases of the process of a digital transformation. Headquartered in Oslo, Norway, the company has approximately 1,100 employees in 43 offices worldwide.