Oslo, Norway – 8 September 2017

Cxense ASA (the "Company") announces that Christian Printzell Halvorsen has been hired as new CEO of the Company, replacing Ståle Bjørnstad with immediate effect. In this connection the chairman of the board says:

Following the recent review of the Cxense strategy, and the resulting effort to increase the focus on the leading Data Management Platform and Personalization technologies and product, the Board is pleased to announce the hire of Christian Printzell Halvorsen as new CEO for the Company. Christian has long experience from both technology and relevant markets, both media, publishing and ecommerce, and will be a great addition to the Cxense organization going forward.

The board and I would like to thank Ståle Bjørnstad for his efforts in bringing Cxense to where it is today and wish him good luck in the future.

Christian Printzell Halvorsen says the following about taking the position:

I’m very excited to join Cxense. The company operates in a rapidly growing market with leading technology and very talented people. I believe there are vast opportunities ahead.

In connection with his engagement as CEO, Christian Printzell Halvorsen has committed to purchase shares for an aggregate value of NOK 1 million in the Company, and will also be granted 70,000 subscription rights pursuant to the Company's 2017 subscription rights plan. Prior to such transactions, Christian Printzell Halvorsen does not hold any shares or subscription rights in the Company.

For further information, please contact:

Lars Bjørn Thoresen, Chairman of the Board

Mobile: +47 957 07 494