Enento Group Oyj — M&A Activity 2019

May 20, 2019

Asiakastieto Group acquires Proff, the leading company information service in Norway and Denmark to strengthen its offering of company information in the Nordic region

Asiakastieto Group acquires Proff, the leading company information service in Norway and Denmark to strengthen its offering of company information in the Nordic region

ASIAKASTIETO GROUP PLC, INSIDER INFORMATION 20 MAY 2019 at 9.30 EEST

Asiakastieto Group acquires Proff, the leading company information service in
Norway and Denmark to strengthen its offering of company information in the
Nordic region

Asiakastieto Group has reached an agreement on acquiring the shares of the
company information service Proff in Norway, Sweden and Denmark from the present
owner Eniro. The agreement was signed on 20 May 2019, and the transaction comes
into effect on 1 July 2019. The purchase consideration for the acquisition is
SEK 120 million, which will be paid in cash in one instalment. A 5 percent per
annum interest calculated for the period between 1 January 2019 and the
completion date of the acquisition will be added to the purchase considerion.
Interest payable at completion is estimated to be approximately SEK 3 million.

The transaction will consolidate Asiakastieto's position in the market as the
leading provider of company information services in the Nordic countries. The
company information services of Proff in Norway, Sweden and Denmark have
altogether approximately three million unique visitors on a monthly level, and
the freemium company information services offered by it are equivalent to
Asiakastieto's allabolag.se service in Sweden and asiakastieto.fi/yritykset
service in Finland.

The Proff companies' net sales in 2018 amounted to approximately SEK 101
million, and they employ approximately 60 persons. The business to be acquired
consists of Proff and Proff Forvalt company information services. Proff is an
internet-based service for free-of-charge company and financial information, the
business of which is based on the visibility purchased by companies, display
advertising and a subscription-based revenue model. Proff Forvalt is a fee based
service, offering comprehensive financial and background information on
companies and credit ratings to its Norwegian customers.

The EBITDA margin of Proff companies adjusted by Asiakastieto Group's management
estimated carve-out adjustments and items affecting comparability was
approximately 16 % in 2018. The combined net cash of the Proff companies as at
31.12.2018 amounted to approximately SEK 37 million.

Asiakastieto Group expects the corporate acquisition to add value by creating
the leading Nordic company information service and synergy opportunities, which
are expected to lead to faster growth and improved cost efficiency. The
objective is to achieve annual synergy benefits of at least SEK 8 million,
expected to be realised to the full extent by the year 2021.

According to Asiakastieto Group's CEO Jukka Ruuska, the corporate acquisition
will result in Asiakastieto becoming the strongest operator in the freemium
segment of company information services in the Nordic countries. The corporate
acquisition strengthens Asiakastieto's service offering to SMEs, simultaneously
supporting the company's growth strategy.

ASIAKASTIETO GROUP PLC

For further information, please contact:
Jukka Ruuska
CEO
Tel. +358 10 270 7111

Distribution:
Nasdaq Helsinki Ltd
Major media
investors.asiakastieto.fi

Asiakastieto Group is one of the leading providers of digital business and
consumer information services in the Nordic countries. The Group's products and
services are primarily used for risk management, finance and administration,
decision-making and sales and marketing purposes. We are operating in Finland
under the brand Suomen Asiakastieto and in Sweden under the brand UC. Our pro
forma annual net sales for 2018 was EUR 134 million and the number of employees
was approximately 450. The Group serves several industries, the largest ones
including finance and banking as well as wholesale and retail sectors and expert
service companies. Asiakastieto Group is listed on Nasdaq Helsinki with the
trading code ATG1V. More information about Asiakastieto Group is available at
www.asiakastieto.fi and www.uc.se.

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