Pexip Holding

Board/Management Information • Feb 7, 2022

Pexip Appoints Trond K. Johannessen as Chief Executive Officer

Pexip Appoints Trond K. Johannessen as Chief Executive Officer

Oslo, Norway, February 7, 2022: The Board of Directors (The Board) of Pexip

Holding ASA ("Pexip" or "The Company", Oslo Børs Ticker: PEXIP) announces the

appointment of Trond K. Johannessen as Chief Executive Officer (CEO), following

an extensive international search process.

Mr. Johannessen is currently the CEO of Embron Group, a global IT and technology

corporation that has doubled its revenues and increased its earnings (EBITDA) by

five times under his leadership. He has 25 years of experience managing global

business development, mainly in business-to-business sectors. Previously, Mr.

Johannessen was the CEO of Embron subsidiary, Hatteland Technology. He also has

executive management experience from Tomra, a publicly listed technology company

in the circular economy space, where he was an integral part of establishing and

growing a new business area that today constitutes around 50% of Tomra's

revenues. Mr. Johannessen also has a consultancy background as junior partner in

McKinsey & Co. He has extensive board experience and is currently the chair of

Webstep ASA, a publicly listed IT consultancy.

"The video communication industry is entering a new era. We have seen the

advent of a new video economy, opening up the use of video communication not

just for meetings but for a huge range of applications across all industries.

The Board believes that Trond is the ideal candidate to lead Pexip in its next

stage of growth and development in this market. Trond's results in scaling and

commercializing complex technology in the global marketplace over many years are

truly impressive. We are confident that his outstanding track record in global

business makes him the right choice to lead Pexip in delivering continued high

growth but also profitability in the years to come," said Michel Sagen, Chair of

the Board of Pexip.

Mr. Johannessen will join Pexip in May 2022. Øystein Hem, who is currently

Interim CEO and CFO, will continue to lead the Company until Mr. Johannessen

assumes the role as CEO and will thereafter continue with Pexip as CFO.

"The Board would like to thank Øystein for his strong leadership during his

period as Interim CEO. We look forward to his continued contributions in driving

the execution of our strategy and return to profitability," said Mr. Sagen.

"I've followed Pexip's progress and results with admiration for some time and

now I'm very much looking forward to putting on the jersey and joining the team.

With its unique technology, strong customer base among large public and private

sector organizations, and highly experienced and knowledgeable team, Pexip is

taking a leading position within defined sectors in the new video economy and

I'm thrilled to be part of that journey," said Mr. Johannessen.

For questions, please contact:

Michel Sagen, Chair of the Board, +47 98 29 00 71

Investors: Mirza Koristovic, Director Investor Relations, IR@pexip.com, +47 93

87 05 25

Media Norway: Lars-Einar Petterson, Communication Manager,

Lars.einar.petterson@pexip.com, +47 93 44 88 27

Media International: Gillian K. Dalslaaen, VP Corporate Coummunications,

gillian@pexip.com, +47 40 46 10 25

About Pexip | pexip.com

Pexip simplifies complex videoconferencing to empower organizations with face-to

-face collaboration, no matter the location or technology. Our scalable platform

enables high-quality video meetings, with enterprise-grade security, and is

easily adapted to fit customers' IT requirements and existing infrastructure.

This makes Pexip the leading provider for  large enterprises and public sector

organizations. The solution is sold through 300 channel partners in 75 countries

and used in more than 190 countries. Pexip was listed on the Oslo Børs in May

2020.