Mercell Holding – Result of offer under the Employment Share Ownership Program and share capital increase

Oslo, 27 September 2021: Reference is made to Mercell Holding ASA's (the "Company") stock exchange announcement on 20 September 2021, regarding the offer of new shares under the Employment Share Ownership Program for the group's employees in the EU, EEA and the UK (the "Employment Share Ownership Program"). The deadline for acceptance of the offer in the Employment Share Ownership Program expired today, on 27 September 2021, at 17:00 hours (CEST).

The offer price for the shares in the Offer has been set to NOK 5.387432221 (the "Offer Price"). The Offer Price equals the volume-weighted average share price for the Company's shares on the Oslo Stock Exchange during the ten trading days prior to, but not including, 27 September 2021, with a discount of 25%.

Based on the applications received in the Employment Share Ownership Program, the board of directors of the Company has allocated a total of 546,644 new shares to the participants in the Employment Share Ownership Program (the "Program Shares").

Furthermore, the board of directors has, on the basis of an authorisation granted to it by the annual general meeting held on 22 April 2021, resolved to increase the share capital of the Company with up to NOK 109,328.80, by issuance of up to 546 644 new shares, each with a nominal value of NOK 0.20, at a subscription price equal to the Offer Price. The Program Shares comprise approximately 0.1% of the existing and outstanding shares in the Company prior to their issuance.

Following payment of the new shares by the participants in the Employment Share Ownership Program and registration of the share capital increase with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret), the new share capital of the Company will, subject to all new shares being duly paid for, be NOK 100,533,977.40, divided into 502,669,887 shares, each with a nominal value of NOK 0.20.

For further information please contact:

CEO Terje Wibe
Cell: +47 90 83 79 98
Email: terje.wibe@mercell.com

CFO Fredrik Eeg
Cell: +47 90 83 33 78
Email: freg@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.

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