Komplett ASA

Director's Dealing • Dec 6, 2022

Komplett ASA: Redelivery of borrowed shares and mandatory notification of trade

Komplett ASA: Redelivery of borrowed shares and mandatory notification of trade

Oslo, 6 December 2022: Reference is made to the announcement by Komplett ASA

(the "Company") on 15 November 2022 regarding completion of the private

placement of 67,800,000 new shares in the Company at a subscription price of NOK

14.75 per share to raise gross proceeds of approximately NOK 1,000 million (the

"Private Placement"), as well as the entering into a subscription and share

lending agreement between the Company, Canica Invest AS and SIBA Invest

Aktiebolag, ABG Sundal Collier ASA, Carnegie AS, Nordea Bank Abp, filial i Norge

and Skandinaviska Enskilda Banken AB (publ), Oslo branch (collectively, the

"Managers").

Reference is further made to the announcement on 16 November 2022, regarding the

Managers' borrowing of 16,410,220 existing unencumbered and shares already

listed on the Oslo Stock Exchange from Canica Invest AS for purposes of

facilitating delivery-versus-payment settlement of the Private Placement.

Skandinaviska Enskilda Banken AB (publ), Oslo branch, acting as settlement agent

on behalf of the Managers, has on 22 November 2022 re-delivered the 16,410,220

shares in the Company to Canica Invest AS. New shares issued by the Company were

used for the re-delivery.

Following the re-delivery of borrowed shares, Canica Invest AS has a

shareholding in the Company of 54,409,039, representing approximately 40.30% of

the issued share capital and votes in the Company. Canica Invest AS were

allocated an additional 19,967,278 in the Private Placement, subject to the

resolution to issue the new shares by the extraordinary general meeting to be

held on 8 December 2022. Following such issuance, Canica Invest AS will have a

shareholding in the Company of 74,376,317 shares (representing approximately

42.43% of the issued share capital and votes in the Company after registration

of the share capital increase with the Norwegian Register of Business

Enterprises).

Chair of the board of directors of the Company, Jo Lunder, is also a board

member of Canica Invest AS' parent company Canica AS. Canica Invest AS' share

lending is therefore disclosed pursuant to the Market Abuse Regulation Article

19. This disclosure also is made pursuant to section 4-2 (3) of the Norwegian

Securities Trading Act. Please refer to the attached notification of trading for

further details.

The disclosures set out in this announcement are subject to the disclosure

requirement pursuant to section 5-12 of the Norwegian Securities Trading Act.

* * *

For further information, please contact:

Krister Pedersen, Chief Financial Officer (CFO)

Krister.Pedersen@komplett.com

Kristin Hovland, Head of Communication

Kristin.Hovland@komplett.com

About Komplett ASA:

Komplett Group is a leading online-first electronics and IT products retailer,

operating in Norway, Sweden and Denmark. Serving customers in the B2C, B2B and

distribution markets, the Group is deeply focused on delivering best in class

customer experience, built through decades of knowhow, expertise and deep

customer commitment. Komplett Group operates an efficient and scalable business

model that supports cost leadership and enables a competitive product offering.