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

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Örnsköldsvik, Sweden, April 28, 2020. The Board of Directors of Clavister Holding AB decided today to write down a deferred tax receivable in Clavister AB of total SEK 47.4 million. The non-cash-flow impairment charge is charged to the result in the last quarter of 2019.

According to applicable accounting rules, the company needs to prove taxable profits in the near future to justify the asset. However, Clavister still has the opportunity to claim that previously accumulated deficits are offset against future taxable profits. All figures are revised.

For additional information regarding this press release, please contact:

John Vestberg, CEO, +46 (0)660 29 92 00 or 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 08:00 CET on April 28, 2020.

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