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Komplett ASA M&A Activity 2010

Apr 6, 2010

3646_rns_2010-04-06_700b2934-82c7-47e3-9516-6984d67795e3.html

M&A Activity

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Komplett has sold its operations in Ireland, the Netherlands and Belgium.

On 11 January 2010, Komplett ASA signed an agreement with ParaDigit Holding B.V.

in the Netherlands for the conveyance of all the shares in Komplett B.V.

The transaction was completed on 31 March 2010, as planned.

Komplett B.V.'s three web shops, www.komplett.nl ,

www.komplett.be and www.komplett.ie

, were migrated to ParaDigit Holding's logistics and IT

solutions in connection with the transfer. As part of the deal between the

parties, Komplett ASA has an option to re-purchase the web shops on 1 April

The parties have also signed a license agreement for the term of the option that

entitles ParaDigit Holding to use the Komplett name on the web shops being

acquired.

The transaction will have financial and accounting-related effects as from the

conveyance of the shares.

The parties have agreed to keep the financial terms and conditions of the

transaction confidential.

For further information, contact CEO Ole Vinje at +47 900 89421 or

[email protected]

[HUG#1400580]