Crayon Group Holding — Major Shareholding Notification 2025

Apr 14, 2025

Disclosure of large shareholding

Disclosure of large shareholding

Reference is made to the stock exchange announcements made under the ticker CRAYN on 22 December 2022 and 2 April 2024 (the "Announcements") regarding a total return swap (“TRS”) agreement by SoftwareOne Holding AG ("SoftwareOne") with financial exposure to 4,578,588 underlying shares in Crayon Group Holding ASA ("Crayon").

Effective today, SoftwareOne entered into an amendment agreement related to the TRS, stipulating, amongst other, that (i) SoftwareOne is granted a right to elect either physical or cash settlement under otherwise equal swap terms to those detailed in the Announcements, and (ii) settlement of the TRS will be expedited upon completion of its voluntary offer to acquire all outstanding Crayon shares.

SoftwareOne currently holds 1,681,025 shares in Crayon, representing approximately 1.87% of Crayon's total number of shares and votes. Following the TRS amendment and including the shares owned, SoftwareOne's financial exposure in Crayon remains unchanged at 6,259,613 shares, until maturity or termination of the TRS agreement, representing approximately 6.98% of the total number of shares in Crayon.

This information is subject to the disclosure requirements pursuant to section 4-3, cf. section 4-2 (1) of the Norwegian Securities Trading Act.