Closing completed in connection with acquisition of Totalconnect in Italy

Reference is made to the stock exchange announcement from LINK Mobility Group ASA ("LINK" or the "Company") on 21st of December 2017 regarding the signing of a definitive agreement for the acquisition of Italian mobile messaging business Archynet s.r.l. ("Total Connect") from the seller Claudio Gioiosa.

LINK has today completed the acquisition of Total Connect by acquisition of all shares. The acquisition was completed based on an agreed enterprise value of EUR 2.337 million, on a cash-free and debt-free basis. The enterprise value is based on an estimated normalized EBITDA for 2017 of EUR 0.425 million multiplied by a factor of 5.5. 

Aabø-Evensen & Co Advokatfirma AS and DLAPiper, Italy has acted as legal advisors, and BDO Italy as financial advisors to LINK Mobility Group ASA in connection with the transaction.

For further information, please contact:

Arild Hustad, CEO
LINK Mobility Group ASA
arild.hustad@linkmobility.com
Mob: +47 95 24 19 30

About LINK Mobility Group ASA

LINK Mobility Group ASA is one of Europe's leading providers within mobile communications, specialized in mobile messaging services, mobile solutions and mobile data intelligence. The Group offers a wide range of scalable services and solutions across industries and sectors due to the growing demand of digital convergence between businesses and customers, platforms and users. The Group is headquartered in Oslo/Norway and is listed on the Oslo Stock Exchange (ISIN: NO0010219702). LINK Mobility continues to experience strong organic growth with a high degree of recurring revenue as customers tend to move more business activities onto the mobile platforms. In 2016, LINK Mobility had a total turnover of 924 million NOK now with offices in Norway, Sweden, Denmark, Finland, Latvia, Estonia, Bulgaria, Germany, Spain, Poland, France, Italy, Switzerland and Austria.

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

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