Oslo, 14 October 2021 at 08:00 CEST: Reference is made to the announcement by
Crayon Group Holding ASA ("Crayon") on 6 July 2021 regarding Crayon having
signed a binding agreement with Rhipe Limited ("Rhipe") for an offer to be made
to acquire all shares in Rhipe by way of a Scheme of Arrangement ("Scheme"). 

Crayon is pleased to provide the following update in relation to the Scheme: 

- Following the Scheme Meeting held on Monday 11 October 2021, in which Crayon's
acquisition of Rhipe was approved by a majority of 99.88% of votes cast, the
Supreme Court of New South Wales on 13 October 2021 made orders approving the
Scheme of Arrangement under which Crayon Software Experts Australia Pty Ltd, an
indirect wholly-owned subsidiary of Crayon will acquire all the shares in Rhipe.

- On 14 October 2021 Rhipe lodged a copy of the Court´s order with the
Australian Securities and Investments Commission, by which the Scheme is now
legally effective and the shares in Rhipe were suspended from trading on the ASX
with effect from today's closing of trade.
- Crayon's acquisition of Rhipe will, subject to Crayon's payment of the
purchase price, be completed on 3 November 2021.  

For further information, please contact:

Jon Birger Syvertsen  
Chief Financial Officer, Crayon Group Holding ASA  
Tel.: +47 97 19 92 51  
Email: Jon.Birger.Syvertsen@crayon.com  

About Crayon:

Crayon Group Holding ASA is a leading IT advisory firm in software and digital
transformation services. With unique IP tools and skilled employees, Crayon help
optimize its clients' ROI from complex software technology investments. Crayon
have long experience within volume software licensing optimization, digital
engineering, predictive analytics and assists the clients through all phases of
the process of a digital transformation. Headquartered in Oslo, Norway, the
company has approximately 2,500 employees in 50 offices worldwide. 

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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