Cyviz AS

Share Issue/Capital Change • May 20, 2022

Employee Share Purchase Program and share capital increase - 48% participation among employees

Employee Share Purchase Program and share capital increase - 48% participation among employees

20.5.2022 09:44:43 CEST | Cyviz | Acquisition or disposal of the issuer's own

shares

Almost half of the employees in Cyviz AS have participated in the company's

newly establish share purchase program. The program implies that all employees

are offered to acquire new shares in the Company for an amount of between NOK

10,000 and NOK 100,000 each. In total, 71 of Cyviz' 149 employees have

participated.

"As a leading global provider of advanced collaboration solutions, we are

perfectly positioned to leverage the trends of remote working and reduced

business travel post covid. It is really positive to see that such a large part

of our employees are investing in Cyviz, showing confidence in the long-term

prospects of our company," says CEO of Cyviz Espen Gylvik.

The Employee Share Purchase Program is implemented by the Board of Directors of

Cyviz AS, on the basis of the authorization granted to the Board of Directors by

the annual general meeting of the Company on 27 May 2021. The shares have been

offered at a price based on the volume weighted average share price for the

Company's shares on the Oslo Stock Exchange during the application period, with

a discount of 25% on the aggregate investment amount. The offer price for the

shares in the Employee Share Purchase Program has been set to NOK 27.255 per

share (the "Offer Price"). Any shares acquired in the Employee Share Purchase

Program will be subject to a lock-up period of one year.

The application period in the Employee Share Purchase Program was from 2 May

2022, at 09:00 hours (CEST) to 16:30 hours (CEST) on 13 May 2022. Shares

acquired in the offer will be settled in the form of new shares in the Company

to be issued pursuant to the authorization granted to the Board of Directors by

the annual general meeting held on 27 May 2021.

Based on the applications received in the Employee Share Purchase Program, the

board of directors of the Company has allocated a total of 139 364 new shares to

the participants in the Employee Share Purchase Program (the "Program Shares").

Furthermore, the Board of Directors has resolved to increase the share capital

of the Company with NOK 153 300, by issuance of 139 364 new shares, each with a

nominal value of NOK 1.10. The Program Shares comprise approximately 1.1% of the

existing and outstanding shares in the Company prior to the issuance. Following

the registration of the share capital increase with the Norwegian Register of

Business Enterprises (Nw.: Foretaksregisteret), the new share capital of the

Company will be NOK 14 327 456.7 divided into 13 024 961 shares, each with a

nominal value of NOK 1.10.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

CONTACTS

* Espen Gylvik, CEO, Cyviz AS, +4791330644, espen.gylvik@cyviz.com

* Marius Skagen, CFO & Investor Relations, Cyviz AS, +47 986 44 846,

marius.skagen@cyviz.com

ABOUT CYVIZ

Cyviz is a global technology provider for comprehensive conference and control

rooms as well as command and experience centers. Since 1998, Cyviz has

simplified the way the digital workforce connect, visualize, and collaborate

across technologies and critical data. The IT-driven turnkey solutions are easy

to deploy, manage and support. Today, Cyviz serves global enterprises and

governments with the highest requirements for usability, security and quality.

The cross platform experience Cyviz delivers to manage and control systems and

resources across the enterprise makes Cyviz the preferred choice for customers

with complex needs.

Cyviz is listed on Euronext Growth at the Oslo Stock Exchange (ticker: CYVIZ)

cyviz.com - https://www.cyviz.com