Mercell Holding: Mandatory notification of trade by close associates of primary insiders

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Oslo, 1 June 2021:

Reference is made to Mercell Holding ASA's (the "Company") stock exchange announcement published on 1 June 2021, regarding the successful completion of a private placement of 46,242,775 new shares in the Company (the "Offer Shares") at a price of NOK 8.65 per Offer Share (the "Private Placement").

Viking Venture16 AS and Viking Venture 16B AS (jointly, "Viking Venture"), both close associates of the chairman of the Company's board of directors, Joar Welde, and board member, Erik Hagen, have entered into a share lending agreement with ABG Sundal Collier ASA and Pareto Securities AS, acting as managers in the Private Placement (the "Managers"), and the Company, whereby Viking Venture 16 AS will lend 20,858,245 shares in the Company and Viking Venture 16B AS will lend 25,384,530 shares in the Company to the Managers in order to facilitate delivery of listed shares to the investors who are allocated Offer Shares in the Private Placement. The borrowed shares will be redelivered to Viking Venture by the Managers upon registration of the share capital increase pertaining to the Offer Shares in the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret) and issuance of the Offer Shares in the VPS.

Please refer to the attached notifications of trading for further details.

For additional information, please contact:

Fredrik Eeg, CFO

Mobile phone: +47 908 33 378