EVRY ASA: Merger between EVRY ASA and Tieto Corporation declared unconditional - key dates for completion

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN OR ANY JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE LOCAL SECURITIES LAWS OR REGULATIONS OF SUCH JURISDICTION. Reference is made to announcements today from EVRY ASA ('EVRY') and Tieto Corporation ('Tieto') confirming that all conditions for the merger of EVRY into Tieto (the 'Merger') has been fulfilled and that the Merger will be completed. Key dates and information for the completion of the Merger are as follows: Last day of trading in EVRY shares 4 December 2019 on Oslo Børs: Effective Date (of completed 5 December 2019 merger): First day of trading in combined 5 December 2019 company, TietoEVRY: Record date for delivery of 6 December 2019 consideration shares and cash consideration: Consideration shares delivered 9 December 2019 through VPS: Cash consideration delivered through 11 December 2019 VPS: ISIN (TietoEVRY): FI0009000277 Transferor company: EVRY ASA Transferee company: Tieto Corporation Merger consideration: Shareholders in EVRY will for each EVRY share held receive (i) 0.12 shares in TietoEVRY and (ii) NOK 5.28 in cash. Date of approvals: 2 and 3 September 2019 (extraordinary general meetings) An application will today be made for the listing on Oslo Børs of the shares of TietoEVRY. Subject to approval of the listing application, the shares of the combined company will be tradable on Oslo Børs as from 5 December 2019. For further information and details on the merger, please see previous stock exchange announcements, including announcements of 18 and 26 June 2019 and today, as well as the merger and listing prospectus dated 8 August 2019 as supplemented on 5 November 2019 (available on EVRY's website at www.evry.com and Tieto's website at www.tieto.com/tietoevry). For further information, please contact: Kjell Arne Hansen, Head of Group Treasury, tel +47 95040372, kjell.hansen (at) evry.com Unni Strømstad, EVP Communications & Marketing, tel +47 9775 3453, unni.stromstad (at) evry.com EVRY is a leading Nordic tech and consulting company. Together with our customers and an ecosystem of the best global digital experts, we shape the future today by applying new technologies to improve end user experiences, and the performance of people, processes and systems. We are close to our customers and represent a Nordic mindset on responsibility, quality and security. We leverage our Nordicness to do business in more than 18 countries. EVRY is listed on Oslo Stock Exchange. Our 8,800 employees are passionate about creating digital advantage and shaping the future - today. Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, business and society. We aim to be customers' first choice for business renewal by combining our software and services capabilities with a strong drive for co-innovation and ecosystems. Headquartered in Finland, Tieto has around 15,000 experts in close to 20 countries. Tieto's turnover is approximately EUR 1.6 billion and shares listed on NASDAQ in Helsinki and Stockholm. www.tieto.com. IMPORTANT INFORMATION This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by Tieto Corporation ('Tieto') or EVRY ASA ('EVRY') in any jurisdiction where such offer or sale would be unlawful. In any EEA Member State, other than Finland or Norway, where Regulation (EU) 2017/1129 (the 'Prospectus Regulation') is applicable, this communication is only addressed to and is only directed at 'qualified investors' in that Member State within the meaning of the Prospectus Regulation. In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, 'qualified investors' within the meaning of Article 2(e) of the Prospectus Regulation who are (i) persons having professional experience in matters relating to investments who fall within the definition of 'investment professionals' in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order'); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order; or (iii) other persons to whom it may otherwise be lawfully communicated (all such persons together being referred to as 'relevant persons'). In the United Kingdom, persons who are not relevant persons should not take any action on the basis of this document and should not act or rely on it. This document is not a prospectus for the purposes of the Prospectus Regulation. A prospectus prepared pursuant to the Prospectus Regulation can be obtained from www.tieto.com/tietoevry. Investors should not subscribe for any securities referred to in this document except on the basis of information contained in the prospectus. No part of this release, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. The information contained in this release has not been independently verified. No representation, warranty or undertaking, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. Neither Tieto nor EVRY, nor any of their respective affiliates, advisors or representatives or any other person, shall have any liability whatsoever (in negligence or otherwise) for any loss however arising from any use of this release or its contents or otherwise arising in connection with the release. Each person must rely on their own examination and analysis of Tieto, EVRY, their respective subsidiaries, their respective securities and the merger, including the merits and risks involved. This release includes 'forward-looking statements.' These statements may not be based on historical facts, but are statements about future expectations. When used in this release, the words 'aims,' 'anticipates,' 'assumes,' 'believes,' 'could,' 'estimates,' 'expects,' 'intends,' 'may,' 'plans,' 'should,' 'will,' 'would' and similar expressions as they relate to Tieto, EVRY, the merger or the combination of the business operations of Tieto and EVRY identify certain of these forward-looking statements. Other forward-looking statements can be identified in the context in which the statements are made. Forward-looking statements are set forth in a number of places in this release, including wherever this release include information on the future results, plans and expectations with regard to the combined company's business, including its strategic plans and plans on growth and profitability, and the general economic conditions. These forward-looking statements are based on present plans, estimates, projections and expectations and are not guarantees of future performance. They are based on certain expectations, which, even though they seem to be reasonable at present, may turn out to be incorrect. Such forward -looking statements are based on assumptions and are subject to various risks and uncertainties. Shareholders should not rely on these forward-looking statements. Numerous factors may cause the actual results of operations or financial condition of the combined company to differ materially from those expressed or implied in the forward-looking statements. Neither Tieto nor EVRY, nor any of their respective affiliates, advisors or representatives or any other person undertakes any obligation to review or confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this release. NOTICE TO EVRY SHAREHOLDERS IN THE UNITED STATES Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act'), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States. Any securities referred to herein are being offered or sold in the United States pursuant to an exemption from the registration requirements of the Securities Act provided by Rule 802 thereunder. This document is made for the securities of a foreign company. The document is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in the document, if any, have been prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies. It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws of the United States, since the issuer is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment. You should be aware that the issuer may purchase securities otherwise than under any transaction referred to herein, such as in open market or privately negotiated purchases.