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Mercell Holding - Resolution to increase the share capital following exercise of options

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Oslo, 6 January 2022: The board of directors of Mercell Holding ASA (the "Company" or "Mercell") has in a board meeting held today, on 6 January 2022, resolved to increase the Company's share capital with NOK 25,467.20 by the issuance of 127,336 new shares, each with a nominal value of NOK 0.20, in order to facilitate the exercise of 127,336 options under the Company's share option program. The exercise price per new share under the terms of the share option program is NOK 1.50. The board of directors' resolution to increase the share capital of the Company was made pursuant to the authorisation granted to it by the annual general meeting held on 22 April 2021.

Following the registration of the share capital increase with the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret), the new share capital of the Company will be NOK 100,558,238.20, divided into 502,791,191 shares, each with a nominal value of NOK 0.20. The share capital increase will be registered with the Norwegian Register of Business Enterprises as soon as practically possible after the share contribution has been fully paid.

For further information please contact:

CFO Fredrik Eeg
Cell: +47 90 83 33 78
Email: Fredrik.eeg@mercell.com

About Mercell Holding:

Mercell delivers services to public and private buyers and our goal is to become the leading software-as-a-service (SaaS)-platform for e-tendering and procurement in Europe. Mercell is a leading platform for public e-tendering, recently entering the procurement market. We service approximately 30.000 customers across 15 European markets and in the US. Mercell's unique marketplace simplifies the tender and procurement process and makes it safe and easy for buyers to find relevant suppliers for their tenders and daily purchasing needs. We also ensure suppliers find relevant business opportunities as well as tools for the suppliers to digitally receive and handle purchases from public and private buyers.