Crayon Group Holding — Capital/Financing Update 2017

Mar 24, 2017

Buyback of outstanding bonds

Buyback of outstanding bonds

(Oslo, 24 March 2017) Reference is made to the stock exchange

notice dated 23 March 2017 regarding the successful issue

by Crayon Group Holding AS ("Crayon") of a new NOK 600

million senior secured bond with maturity in April 2020.

In connection with the new bond issue, Crayon has re-

purchased a nominal amount of NOK 549.5 million of CGH01

(NO0010714595) at a price of 102.0%.

For further information, please contact:

Torgrim Takle, CEO, +47 95 14 07 82

Knut Ansten, CFO, +47 99 45 90 86

This information is subject of the disclosure requirements

pursuant to section 5-12 of the Norwegian Securities Trading

Act.