Crayon Group Holding - Capital/Financing Update 2017

Successful Placement of New Senior Secured Bonds

(Oslo, 23 March 2017) Reference is made to the press release dated 16 March 2017. Crayon Group Holding AS has successfully completed

completed the issuance of NOK 600 million senior secured bonds in the Nordic bond market. The bond issue was significantly oversubscribed

oversubscribed. Settlement is expected to be 6 April 2017, with final maturity 6 April 2020. The bond issue has a coupon of

of 3 months NIBOR +5.5% p.a. An application will be made for the bonds to be listed on Oslo Børs. Net proceeds from the bond

bond issue will be used to refinance the outstanding CGH01 (NO0010714595).

ABG Sundal Collier ASA and Danske Bank acted as joint lead managers in connection with placement of the new bond issue.

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

Act.

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