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Crayon Group Holding Earnings Release 2017

May 2, 2017

Earnings Release

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Crayon Group Holding AS - Q1 2017 results

(Oslo, 2 May 2017) In the first quarter of

2017, Crayon achieved an underlying gross profit of

NOK 269.8 million and operating profit before

depreciation, amortization and exceptional items

(EBITDA) of NOK 4.9 million, compared to NOK 249.3

million and NOK -8.0 million, respectively, for the

same period in 2016.

Net interest bearing debt incl. Anglepoint's interest

bearing promissory note, as of end March 2017 was

MNOK 608.8 (adjusted for restricted cash). The Company

had headroom with regards to its bank covenants.

Please see financial report attached.

For additional information:

CFO Knut Ansten, tel.: +47 994 59 086,

CEO Torgrim Takle, tel.: +47 951 40 782, e-mail:

or www.crayon.com