Crayon Group Holding — Capital/Financing Update 2021

Jul 1, 2021

Crayon Group Holding ASA: Completion of bond issue

Crayon Group Holding ASA: Completion of bond issue

Oslo, 1 July 2021 at 15:15 CET: Reference is made to the stock exchange notice dated 28 June 2021 by Crayon Group Holding ASA (Crayon), a global leading IT advisory firm in software and digital transformation services, regarding a contemplated potential acquisition and bond issue and stock exchange notice dated 1 July 2021 regarding an update on the M&A process.

Crayon has today successfully completed the issuance of a NOK 1,800 million 4-year senior unsecured floating rate bond issue with a coupon of 3 months Nibor + 375bps. The bond issue received strong demand from high quality institutional investors. Settlement is expected to be 15 July 2021.

An application will be made for the new bonds to be listed on Oslo Børs and the net proceeds from the bond issue will be applied towards i) part financing of the potential acquisition and ii) for general corporate purposes.

ABG Sundal Collier ASA and Danske Bank, Norwegian Branch acted as Joint Managers and Bookrunners in connection with the placement of the bond issue.

For further information, please contact:

Jon Birger Syvertsen

Chief Financial Officer, Crayon Group Holding ASA

Tel.: +47 97 19 92 51

Email: Jon.Birger.Syvertsen@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 2,000 employees in 50 offices worldwide.