Spir Group ASA

M&A Activity • Dec 19, 2025

Spir Group ASA: Independent statement related to the voluntary cash offer by BidCo Clover AS

Spir Group ASA: Independent statement related to the voluntary cash offer by BidCo Clover AS

Oslo, 19 December 2025: Reference is made to the announcement from earlier today, on 19 December 2025, regarding the launch of the voluntary cash offer by BidCo Clover AS (the "Bidder") to acquire all issued and outstanding shares in Spir Group ASA (the "Company") not already directly or indirectly controlled by the Bidder, for a cash consideration of NOK 8.567 per Share (the "Offer").

In accordance with section 6-16 (4) of the Norwegian Securities Trading Act, the Financial Supervisory Authority of Norway, in its capacity as take-over supervisory authority, decided on 12 December 2025 that the Company's statement on the Offer pursuant to section 6-16 (1) of the Norwegian Securities Trading Act, shall be given by SB1 Markets AS ("SB1M") as an independent expert and not by the Company’s board of directors.

SB1M's statement on the Offer is attached to this announcement.

For further information, please contact:

Rolv Erik Ryssdal

Chair of the Board

Tel: +47 91 60 02 00

Email: rolv.erik.r@gmail.com

This information is subject to disclosure requirements pursuant to the Norwegian Securities Trading Act sections 5-12 and 6-16.

About Spir Group

Spir Group is a Nordic software house delivering mission critical software and data within the real estate sector. Spir Group helps to streamline complex real estate processes through specialized niche software and data. The Group’s customers range from real estate agents, banks, insurance companies, appraisers, property developers, media companies, builders, property owners, engineers, power companies, and building materials production companies. Our mission is to help our customers streamline their operations and drive digitalization through software, data and artificial intelligence.