Crayon Group Holding — Capital/Financing Update 2019

Nov 6, 2019

Crayon Group Holding ASA: Successful placement of new bond issue

Crayon Group Holding ASA: Successful placement of new bond issue

(Oslo, 6 November 2019) Reference is made to the press release dated 29 October 2019 by Crayon Group Holding ASA (“Crayon”).

Crayon has successfully completed the issuance of NOK 300 million senior unsecured bonds, with a NOK 600 million borrowing limit. The settlement is expected to be 21 November 2019, with final maturity 21 November 2022.

The bonds have a floating coupon rate of 3 months NIBOR + 3.50% p.a. An application will be made for the bonds to be listed on Oslo Børs. The net proceeds from the bond issue will be used to refinance CRAYON02 (NO0010789985) and for general corporate purposes.

Danske Bank and SpareBank 1 Markets acted as Joint Bookrunners for the issuance of the bonds.

For further information, please contact:

Torgrim Takle, CEO, +47 95 14 07 82

Jon Birger Syvertsen, CFO, +47 97 19 92 51

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 1,500 employees in 55 offices worldwide.