SpectrumOne AB — Capital/Financing Update 2020

Feb 27, 2020

Board decision to call for Extraordinary General Meeting to authorize the board regarding earlier proposed long-term financing

Board decision to call for Extraordinary General Meeting to authorize the board regarding earlier proposed long-term financing

The Board of Directors of TargetEveryone AB ("TargetEveryone" or "the Company")

has today, at a Board meeting, decided to call an Extraordinary General Meeting

for the shareholders to decide whether to authorize the Board in the planned

capitalization process. The Board's decision and the planned authorization are

attributable to the earlier proposed further long-term financing in connection

with the strategic acquisition of Cloud Explorers AS. An authorization would

give the Board the necessary flexibility and in connection with the

authorization being used, a more detailed time plan will be communicated. The

detailed notice of the Extraordinary General Meeting will be announced shortly.

Through the authorization, the Board's intention is to decide on a directed

issue of units (consisting of warrants in two different series) free of payment

to Formue Nord Markedsneutral A/S and Formue Nord Fokus A/S, which can provide

gross SEK 30 million - 40 million at a strike price of SEK 1,50 - 2,00 per

share, assuming full exercise of warrants issued in the planned directed issue

of units. In addition, the Board intends to use the authorization to decide upon

a rights issue of units (consisting of warrants in two series (same series as in

the planned directed issue of units)), free of charge, to the existing

shareholders to compensate the existing shareholders for the dilution from the

earlier communicated directed share issue and the directed issue of units, which

can bring in the equivalent of a maximum of additionally gross SEK 90,5

million. A shareholder authorization will give the Board flexibility and

facilitate the capitalization process moving forward.

For further information regarding the planned financing and the intention to

acquire Cloud Explorers AS refer to press releases published on the 17[th] of

February 2020.

For further information contact:

Hosni Teque-Omeirat

CEO

+46 70 225 18 77

hosni@spectrumone.com

Certified Adviser:

Mangold Fondkommission AB (556585-1267)

Box 55 691 102 15 Stockholm

Telefon: +46 8 503 015 50

ca@mangold.se

www.mangold.se

About TargetEveryone

TargetEveryone is a MARTECH company, enabling our clients to streamline their 1

-1 digital marketing, content and experiences within one SaaS online platform.

Our unique solution makes marketeers able to easily target exactly the customers

they want, and communicate with them in the channels they prefer, to maximize

ROI. Our clients can easily segment their customers based on CRM data, market

data and transactional data. Further, they can use a campaign editor to quickly

build campaigns, and distribute these through our multichannel distribution

system either by Email, SMS or SMS landing pages. TargetEveryone´s headquarter

is in Oslo, with branch office in Sweden. TargetEveryone is listed on Nasdaq

First North Growth Market in Stockholm and Merkur Market in Oslo.

www.targeteveryone.com