SoftwareONE Holding AG — Delisting Announcement 2022

Aug 2, 2022

EG Norge AS' compulsory acquisition of shares in Ørn Software Holding AS

EG Norge AS' compulsory acquisition of shares in Ørn Software Holding AS

2.8.2022 08:31:11 CEST | Ørn Software Holding AS | Additional regulated

information required to be disclosed under the laws of a member state

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA,

CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE

WOULD BE UNLAWFUL.

Reference is made to the announcement made on 1 August 2022, regarding the

completion of the voluntary cash offer by EG Norge AS ("EG" or the "Offeror") to

acquire all outstanding shares of Ørn Software Holding AS ("Ørn Software" or the

"Company") at a price of NOK 6.25 per share (the "Offer").

Following completion of the Offer, EG owns 90,937,166 shares in the Company,

representing approximately 96.32% of the share capital and voting rights in the

Company.

The Board of Directors of EG has pursuant to Section 4-26 of the Norwegian

Private Limited Companies Act, resolved to carry out a compulsory acquisition of

all remaining shares in the Company, not owned by EG. Consequently, EG has now

become the owner of all the outstanding shares in the Company.

The offered redemption price under the compulsory acquisition will be NOK 6.25

per share, which corresponds to the offer price in the Offer. The total amount

payable for the shares has been transferred to a separate escrow-account at

Danske Bank, Norwegian Branch and will be paid to those shareholders that have

accepted the offered redemption price within 2 October 2022.

Former shareholders in the Company, who as per 2 October 2022 have either

accepted the offered redemption price or have not made any objections, will get

the offered redemption price paid at the latest 15 October 2022. The offered

redemption price can be paid out earlier to shareholders that have accepted the

offer prior to 2 October 2022.

As a consequence of the compulsory acquisition, EG will resolve to seek a

de-listing of Ørn Software's shares from Euronext Growth Oslo. A separate

announcement will be published regarding the de-listing process.

For further information, please contact:

Mikkel Bardram, CEO of EG

Telephone: +45 2922 6548

Email: mibar@eg.dk

About Ørn Software:

Ørn Software is a Nordic provider of SaaS solutions enabling efficient

operations and maintenance across a wide range of asset-heavy industries,

including real estate, manufacturing, food & beverages, and aquaculture.

The Company's software provides customers with improved insight through

data-driven operations and contributes to increased efficiency and reduced costs

through digitalization of facility management and rental processes, data-driven

maintenance, scheduling of resources and energy optimization. All the above

contribute to the lengthening of property and equipment lifespan, a key

component of Ørn Software's value proposition. Furthermore, the Company's

offering enables customers to reduce their environmental footprint and provides

digital tools to meet reporting and regulatory requirements.

About EG:

EG is a market leading vendor of Nordic vertical software for private and public

customers. EG's Software-as-a-Service offerings are developed by specialists

with deep industry and domain knowledge, supporting business-critical and

administrative processes. EG employs 1,700+ people, primarily in the Nordics,

and in 2021, had revenues of DKK 1.8 billion.

DISCLOSURE REGULATION

?This information is such that Ørn Software Holding AS is required to disclose

in accordance with the EU Market Abuse Regulation.

?This information was submitted for publication by the Company's CFO, Vidar

Andre Løken.

CONTACTS

* Mikkel Bardram, CEO of EG, +45 2922 6548, mibar@eg.dk

ABOUT ØRN SOFTWARE HOLDING AS

Ørn Software is a Nordic provider of SaaS solutions enabling efficient

operations and maintenance across a wide range of asset-heavy industries,

including real estate, manufacturing, food & beverages, and aquaculture.

The Group's software provides customers with improved insight through

data-driven operations and contributes to increased efficiency and reduced costs

through digitalization of rental processes, data-driven maintenance scheduling

and energy optimization. All of the above contribute to the lengthening of

property and equipment lifespan, a key component of Ørn Software's value

proposition. Furthermore, the Group's offering enables customers to reduce their

environmental footprint and provides digital tools to meet reporting and

regulatory requirements.

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847696/1636/2205/Download%20announcement

%20as%20PDF.pdf