Crayon Group Holding — Share Issue/Capital Change 2020

Jun 4, 2020

Crayon Group Holding ASA: New share capital registered

Crayon Group Holding ASA: New share capital registered

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANYOTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

(Oslo, 4 June 2020) Reference is made to the announcement on 25 May 2020, whereby Crayon Group Holding ASA ("Crayon" or the "Company", OSE ticker "CRAYON") announced the successful completion of a private placement and a secondary sale of shares.

The share capital increase pertaining to the issuance of the 4,615,385 new shares has been registered with the Norwegian Register of Business Enterprises today. Following this, the share capital of Crayon is NOK 81,239,449, comprising of 81,239,449 shares, each with a nominal value of NOK 1.

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

Magnus Hofshagen, VP Corporate Development & IR

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 1,500 employees in 50 offices worldwide.