Aareon AG, through Mary BidCo AB, completes acquisitions of approximately 93 per cent of the shares in Momentum Software Group AB and has initiated compulsory redemption proceedings

This press release is not an offer to acquire shares. This press release is made in accordance
with Rule III.1 of the Takeover Rules for certain trading platforms.

On 20 June 2022, Aareon AG[1], through Mary BidCo AB[2] ("Mary BidCo"), entered into binding agreements to acquire 15,489,152 shares in Momentum Software Group AB ("Momentum" or the "Company"), corresponding to a holding of approximately 93 per cent of the shares and votes in Momentum, at a price of SEK 108 per share, valuing Momentum, based on all outstanding shares, at approximately SEK 1,797 million.

Most of the acquisitions have now been completed. In addition, Mary BidCo has also acquired shares in Momentum on the market, which together with the completed acquisitions means that Mary BidCo has achieved ownership of approximately 95 per cent of the shares and votes in Momentum.

Through the acquisitions, the mandatory bid threshold of 30 per cent of the votes is passed, entailing that Mary BidCo is required to, within four weeks of this announcement, launch a mandatory offer for the remaining shares in Momentum. The requirement to launch a mandatory offer ceases if compulsory redemption proceedings of the remaining shares is initiated in accordance with the provisions of the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)).

Mary BidCo has initiated compulsory redemption to acquire the remaining shares in Momentum and thereby the requirement to launch a mandatory offer has ceased.

Mary BidCo also intends to, through Carnegie Investment Bank AB (publ), acquire, or take measures to acquire, shares in Momentum on the market during the period which Momentum is still listed on Nasdaq First North Growth Market.

For additional information, please contact:

Aareon AG
Bas Joosten
Email: bas.joosten@aareon.com
Telephone: +49 160 977 807 712

Fogel & Partners
Joachim Hörnqvist
Email: joachim.hornqvist@fogelpartners.se

This press release was submitted for publication on 27 June 2022, at 14.00 CEST.

Important information

This press release is not an offer to acquire shares. Anyone passing the mandatory bid threshold of 30 per cent of the votes in a company with shares admitted to trading on the Nasdaq First North Growth Market must according to Rule III.1 of the Takeover Rules for certain trading platforms disclose the passing of the mandatory bid threshold. This press release constitutes such a disclosure.