Crayon Group Holding — Major Shareholding Notification 2018

Aug 15, 2018

Axion reports on exceeding 10% treshold in Crayon

Axion reports on exceeding 10% treshold in Crayon

I am writing on behalf of Axion Holding Cyprus Limited ("Axion", the "Company"). Axion is a limited company (number HE 242943) incorporated in Cyprus. The Company's registered office is Poseidonos 1, Ledra Business Centre, Egkomi 2406, Nicosia, Cyprus. In accordance with the Norwegian Securities Trading Act and the Norwegian Securities Regulations, I am writing to inform you that Axion has a reportable holding in Crayon Group Holding ASA ("Crayon"):

CRAYON Security Profile:

Market traded: Oslo Bors

ISIN: NO0010808892

Ticker: CRAYON

Specifically, the Company's holding has exceeded the 10% threshold in Crayon on 10.08.2018. Axion currently holds7 644 039 shares in Crayon as at close 10th August 2018. The current holding represents 10.138775% of the total shares issued. The position is a proprietary position held by Axion. I trust this notification fulfils the Company's disclosure obligations. We shall be sure to inform you promptly should this or any other reportable threshold be breached.