Kid ASA

Prospectus • Oct 27, 2015

Approval of supplemental prospectus and extension of application period/bookbuilding period

Approval of supplemental prospectus and extension of application period/bookbuilding period

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE

OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA,

CANADA, JAPAN, THE UNITED STATES, UNITED KINGDOM,

SINGAPORE OR HONG KONG OR ANY OTHER JURISDICTION IN

WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

KID - Approval of supplemental prospectus and

extension of application period/bookbuilding period

Lier, 27 October 2015: Kid ASA (the "Company") has

today published a supplemental prospectus

(the "Supplemental Prospectus") supplementing the

prospectus dated 16 October 2015 (the "Prospectus") in

connection with the initial offering of up to

32,516,129 shares in the Company (the "Offer Shares"

or the "Offering") and the related listing of the

Company's shares on Oslo Børs or alternatively Oslo

Axess (the "Listing"). The Supplemental Prospectus has

been approved by the Financial Supervisory Authority

of Norway. The supplemental information in the

Supplemental Prospectus is to be considered as an

integral part of, and is to be read together with, the

Prospectus, and as part of the basis for any decision

of investment in the Company's shares.

Due to the publication of the supplemental prospectus,

the Company will, in line with current market

regulation, extend the Bookbuilding Period and the

Application Period. As a result of the extension:

(i) the Application Period during which

applications for Offer Shares in the Retail Offering

and the Employee Offering will be accepted will end on

29 October 2015 at 12:00 hours (CET) (unless shortened

or extended).

(ii) the Bookbuilding Period for the Institutional

Offering will end on 29 October 2015 at 14:00 hours

(CET) (unless shortened or extended).

Applicants that have applied for Offer Shares in the

Offering before the publication of this Supplemental

Prospectus have the right to withdraw their

application within two days after the publication of

this Supplemental Prospectus, cf. Section 7-21(2) of

the Norwegian Securities Trading Act (i.e. prior to

12:00 hours (CET) on 29 October 2015). Such withdrawal

is made by contacting ABG Sundal Collier or Arctic

Securities. Investors that have applied for Offer

Shares in the Offering before the publication of this

Supplemental Prospectus and have not utilised the

right to withdraw their application within the two-day

deadline as indicated above, will be regarded as

having accepted the revised terms of the Offering and

hence will not need to submit a new application.

The Supplemental Prospectus will be available at the

following websites: www.abgsc.com and www.arcticsec.no

and hard copies may be obtained free of charge from

the Company or at the offices of ABG Sundal Collier

ASA and Arctic Securities AS at the following

addresses: Munkedamsveien 45D, 0115 Oslo, Norway and

Haakon VII's gt 5, 0123 Oslo, Norway.

The information in this announcement is subject to the

disclosure requirements of the Norwegian Securities

Trading Act section 7-19.

ENQUIRIES

Kjersti Hobøl, CEO Kid, +47 918 35 965

Petter Schouw-Hansen, CFO Kid, +47 482 24 534

ABOUT KID ASA

Kid is the leading and most profitable retailer in the

Norwegian home textile market, typified by products

like duvets, pillows, curtains, bed linens and other

accessories

and decorating items. As of 30 September 2015, Kid

operated a total of 128 wholly-owned stores in Norway,

in addition to an established e-commerce platform. Kid

traces its history back to 1937, and has since the

1950s renewed Norwegian homes by offering attractive

and practical curtains, bed linens and other interior

articles. Kid is among the best known brands within

retail in Norway, with 97% of Norwegian women being

familiar with the Company. Kid has approximately 900

employees with headquarters in new and modern

facilities in Lier, Norway. Kid is a wholly-owned

subsidiary of Gjelsten Holding. For more information

visit www.kid.no

ABOUT GJELSTEN HOLDING AS

Gjelsten Holding is an investment company with a goal

of creating sustainable value through active

ownership. The company has investments in real estate,

retail and the industrial sector through portfolio

companies such as Fabritius, Profier, Kid, Sport1

Gruppen, Norsk Avfallshåndtering (NOAH) and

Ultimovacs. Gjelsten Holding was established in 2000

and had in 2014 annual revenues of NOK 2.6 bn and

approximately 1,100 employees. Gjelsten Holding is

wholly owned by Bjørn Rune Gjelsten. For more

information visit www.gjelsten.no

IMPORTANT NOTICE

This announcement is not and does not form a part of

any offer to sell, or a solicitation of an offer to

purchase, any securities of the Company.

Copies of this announcement are not being made and may

not be distributed or sent into the United States,

Australia, Hong Kong, Canada, Japan or any other

jurisdiction in which such distribution would be

unlawful or would require registration or other

measures.

The securities referred to in this announcement have

not been and will not be registered under the U.S.

Securities Act of 1933, as amended (the "Securities

Act"), and accordingly may not be offered or sold in

the United States absent registration or an applicable

exemption from the registration requirements of the

Securities Act and in accordance with applicable U.S.

state securities laws. The Company does not intend to

register any part of the offering in the United States

or to conduct a public offering of securities in the

United States. Any sale in the United States of the

securities mentioned in this announcement will be made

solely to "qualified institutional buyers" as defined

in Rule 144A under the Securities Act.

Any offering of the securities referred to in this

announcement will be made by means of the prospectus.

This announcement is not a prospectus for the purposes

of Directive 2003/71/EC (as amended, together with any

applicable implementing measures in any Member State,

the "Prospectus Directive"). Investors should not

subscribe for any securities referred to in this

announcement except on the basis of information

contained in the prospectus.

In any EEA Member State that has implemented the

Prospectus Directive, this communication is only

addressed to and is only directed at qualified

investors in that Member State within the meaning of

the Prospectus Directive.

This communication is only being distributed to and is

only directed at persons in the United Kingdom that

are (i) investment professionals falling within

Article 19(5) of the

Financial Services and Markets Act 2000 (Financial

Promotion) Order 2005, as amended (the "Order") or

(ii) high net worth entities, and other persons to

whom this announcement may lawfully be communicated,

falling within Article 49(2)(a) to (d) of the Order

(all such persons together being referred to

as "relevant persons"). This communication must not be

acted on or relied on by persons who are not relevant

persons. Any investment or investment activity to

which this communication relates is available only for

relevant persons and will be engaged in only with

relevant persons. Persons distributing this

communication must satisfy themselves that it is

lawful to do so.

Matters discussed in this announcement may constitute

forward-looking statements. Forward-looking statements

are statements that are not historical facts and may

be identified by words such

as "believe", "expect", "anticipate", "strategy", "inte

nds", "estimate", "will", "may", "continue", "should"

and similar expressions. The forward-looking

statements in this release are based upon various

assumptions, many of which are based, in turn, upon

further assumptions. Although the Company believes

that these assumptions were reasonable when made,

these assumptions are inherently subject to

significant known and unknown risks, uncertainties,

contingencies and other important factors which are

difficult or impossible to predict and are beyond its

control. Actual events may differ significantly from

any anticipated development due to a number of

factors, including without limitation, changes in

public sector investment levels, changes in the

general economic, political and market conditions in

the Norwegian market, the Company's ability to

attract, retain and motivate qualified personnel,

changes in the Company's ability to engage in

commercially acceptable acquisitions and strategic

investments, and changes in laws and regulation and

the potential impact of legal proceedings and actions.

Such risks, uncertainties, contingencies and other

important factors could cause actual events to differ

materially from the expectations expressed or implied

in this release by such forward-looking statements.

The Company does not guarantee that the assumptions

underlying the forward-looking statements in this

presentation are free from errors nor does it accept

any responsibility for the future accuracy of the

opinions expressed in this presentation or any

obligation to update or revise the statements in this

presentation to reflect subsequent events. You should

not place undue reliance on the forward-looking

statements in this document.

The information, opinions and forward-looking

statements contained in this announcement speak only

as at its date, and are subject to change without

notice. The Company does not undertake any obligation

to review, update, confirm, or to release publicly any

revisions to any forward-looking statements to reflect

events that occur or circumstances that arise in

relation to the content of this announcement.