Write-down of deferred tax assets in Clavister in the fourth quarter

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Örnsköldsvik, Sweden, January 31, 2020. The Board of Directors of Clavister Holding AB decided today to write down a deferred tax receivable in Clavister AB of total SEK 29.0 million. The non-cash-flow impairment charge is charged to the result in the last quarter of 2019. The annual impairment test has taken into account earnings trend and updated forecasts over the coming five years of the Group.

The result of the impairment test involves an adjustment of the Group’s deferred tax assets from SEK 76.9 million to SEK 47.9 million, which reduces the Group’s equity. The final figures will be presented in the Q4 2019 report on 20 February 2020.

For additional information regarding this press release, please contact:

Håkan Rippe, CFO, +46 (0)709 10 42 72 eller ir@clavister.com

About Clavister

Clavister is a leading European cybersecurity vendor with over 20 years of experience. Seated in Sweden, the company has customers in more than 150 countries; Communication Service Providers, Governments, Enterprises and Managed security service providers (MSSPs). The stock, Clavister Holding AB, is listed at Nasdaq First North. FNCA Sweden AB is the Company’s Certified Advisor (+46 8-528 00 399, e-mail: info@fnca.se).

This information is information that Clavister Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 17:35 CET on January 31, 2020.

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