Crayon Group Holding — Earnings Release 2018

Feb 13, 2019

(CORRECTION) Crayon Group Holding ASA: Financial results for Q4 2018

(CORRECTION) Crayon Group Holding ASA: Financial results for Q4 2018

Oslo, 13 February 2019: Correction to Crayon Q4 quarterly earnings report. In the report distributed yesterday (12.02.2019) there was a wrong classification between market clusters Growth Markets and Start-Ups in the segment report. This has now been corrected.

Total revenue, gross profit and EBITDA for the Group is unaffected.

Revenue impact:

- Growth Markets MNOK +15.2

- Start-Ups MNOK -15.2

Gross profit impact:

- Growth Markets MNOK +8.9

- Start-Ups MNOK -8.9

EBITDA impact:

- Growth Markets MNOK +7.3

- Start-Ups MNOK -7.3

The classification was correctly presented in the earnings presentation.

Included is the updated report and earnings presentation from yesterday.

For further queries, please contact:

Magnus Hofshagen, FP&A and IR Director Crayon Group Holding ASA

Tel.: +47 48 49 91 95

Email: magnus.hofshagen@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 1,200 employees in 45 offices worldwide.