Mercell Holding - Conversion to a public limited liability company completed and new name and board of directors registered

Oslo, 23 April 2021: Reference is made to the stock exchange announcement by Mercell Holding AS (the "Company") on 22 April 2021, regarding the annual general meeting of the Company held on the same day. The general meeting inter alia resolved to convert the Company from a private limited liability company to a public limited liability company, and thereby changes its legal name to Mercell Holding ASA, and changes the board of directors.

The resolutions of the annual general meeting were registered with the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret) today, on 23 April 2021, following which the new name of the Company is Mercell Holding ASA and the board of directors comprises the following board members:

Joar Welde (chairperson)

Erik Fjellvær Hagen

Helge Nielsen

Anne Lise Waal

Berit Lid Scharff

For further information please contact:

CFO Fredrik Eeg
Cell: +47 90 83 33 78

This is Mercell:

Mercell is a leading digital platform for public eTendering and entered the eProcurement market in 2020. The company has approximately 2,200 pre-award buyers, 330 post-award buyers and some 26,600 suppliers as customers. Mercell's unique marketplace simplifies the tender and procurement process and makes it easy and secure for buyers to find relevant suppliers for their tenders and purchasing needs, and enables suppliers to find relevant business opportunities and receive and handle purchases from public and private buyers. Mercell delivers services to public and private buyers in 13 European countries with the goal of becoming the leading software-as-a-service (SaaS)-platform for eTendering and eProcurement in Europe. Through the acquisition of Negometrix in February 2021, Mercell also became market leader in the Netherlands and established a foothold in the US market.