Cxense ASA – acquisition of own shares

Oslo, 16 May 2017. Reference is made to the resolutions made by the general meeting in Cxense ASA (the "Company") and announced by the Company on 10 May 2017, regarding approved remuneration to the board of directors and granting by the general meeting of an authorisation to the Company’s board of directors to acquire own shares.

As resolved by the general meeting on 10 May 2017, the chairman of the board of directors shall by 30 June 2017 receive as partial remuneration, shares in the Company at a value of NOK 2,500,000. The number of shares to be delivered to the chairman shall be calculated based on the average share price of the Cxense share as traded on the Oslo Stock Exchange during May 2017.

The Company has resolved to obtain such number of shares by acquiring the necessary number of own shares in the market. On 15 May 2017, the Company acquired a portion or the required number of shares, a total of 15,000 shares in the Company. The shares were acquired through broker at a price of NOK 90.00 per share.

The Company's total holding of treasury shares after this transaction is 15,000 shares.

Investor Relations Contact:

Jørgen Loeng, Chief Financial Officer

Email: ir@cxense.com

Mobile: +47 906 60 062

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.