Crayon Group Holding — M&A Activity 2021

Apr 9, 2021

Crayon Group Holding ASA: Closing of Acquisition of Sensa Ehf.

Crayon Group Holding ASA: Closing of Acquisition of Sensa Ehf.

(Oslo, Norway, 9 April 2021) Crayon Group Holding ASA ("Crayon" or the "Company", OSE ticker "CRAYON") today announces the closing of the acquisition of Sensa Ehf.

The Company is pleased to announce that the acquisition was finalized and closed on 8 April 2021.

The agreed purchase price for 100% of the shares is ISK 3.5 billion. The transaction has been settled with 699,635 shares in Crayon Group Holding ASA and ISK 2.3 billion in cash, in line with the enterprise value of 3.25bn ISK in the SPA. The shares are subject to a 12-month lock-up from date of agreement, however with a monthly release of 1/12 of the share.

For further queries, 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.