Pexip Holding

Major Shareholding Notification • May 18, 2020

15 May 2020

Oslo Bors AS	Pexip Holding ASA	Norwegian Central
Securities
(Oslo Stock Exchange)	Attn: Company Secretary	Depository (VPS)
011 47 22 41 65 90	11 47 22 63 52 00

Re: The Capital Group Companies – Disclosure of acquisition/disposition of large shareholdings -Pexip Holding ASA

The Capital Group Companies, Inc. ("CGC") is the parent company of Capital Research and Management Company ("CRMC"). CRMC is a U.S.-based investment management company that manages the American Funds family of mutual funds. CRMC manages equity assets for various investment companies through three divisions, Capital Research Global Investors, Capital International Investors, and Capital World Investors. CRMC in turn is the parent company of Capital Group International, Inc. ("CGII"), which in turn is the parent company of five investment management companies ("CGII management companies"): Capital Guardian Trust Company, Capital International, Inc., Capital International Limited, Capital International Sárl and Capital International K.K. The CGII management companies primarily serve as investment managers to institutional clients. For a more complete description of our organization, please refer to our web site at www.capgroup.com.

Neither CGC nor any of its affiliates own shares of your company for its own account. Rather, the shares reported on this Notification are owned by accounts under the discretionary investment management of one or more of the investment management companies described above.

Pursuant to the Norwegian Securities Trading Act Section 3-2 and Regulations of 18 December 2002, we hereby disclose the following information.

On 14 May 2020, one or more of CGC's management company's acquired 6,255.555 shares, resulting in a shareholding of 6,255,555, amounting to 6.32%. Please see the attached schedule A for transaction details.

Capital Research and Management Company	6,255.555	6.318%
Capital Bank and Trust Company	0	0.00%
Capital International, Inc.	0	0.00%
Capital International Limited	0	0.00%
Capital International Sàrl	0	0.00%
Capital International K.K.	0	0.00%

CGC Total 6,255,555 shares / 6.32%

For the purpose of this Report, the total voting rights figure of 99,011,389 shares was used to calculate the percentage of holdings. We believe this figure is current; however, if this number is not accurate, please contact us as soon as possible so we may make the necessary revisions.

Should you have questions or require additional information, please contact us at (213) 615-0469, or send a fax message to (213) 615-4056. Alternatively, you may contact us via e-mail at GRGroup@capgroup.com.

Regards,

Danielle Harris Compliance Associate

As of 14 May 2020

Pexip Holding ASA

	Number of	Percent of Shares Outstanding
The Capital Group Companies, Inc. ("CG") holdings	6,255,555	6.318%
Holdings by CG Management Companies and Funds:
• Capital Research and Management Company • SMALLCAP World Fund, Inc.		6,255,555 6.318%