Crayon Group Holding — Major Shareholding Notification 2018

May 23, 2018

ITFS report on exceeding 10% treshold in Crayon

ITFS report on exceeding 10% treshold in Crayon

I am writing on behalf of IT Invest Financial Solutions (Cyprus) Limited ("ITIFS", the "Company"). ITIFS is a limited company (number HE207047) incorporated in Cyprus.

The Company's registered office is Andrea Zakou 4, 2404, Egkomi, Nicosia, Cyprus.

In accordance with the Norwegian Securities Trading Act and the Norwegian Securities Regulations, I am writing to inform you that ITIFS 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 holdings has today exceeded the 10% threshold in Crayon. ITIFS currently holds 7,617,560 shares in Crayon as at close 23rd May 2018.

The current holding represents 10.103654% of the total shares issued. We confirm we do not hold any rights to shares. The position is a proprietary position held by ITFS.

The circumstance that triggered this disclosure was an additional purchase today of 370,000 shares by ourselves.