Bergen, Norway, February 23, 2015, Vizrt Ltd. (Oslo Main List: VIZ).

Reference is made to the announcement of 10 November 2014 regarding the entry into by Vizrt Ltd. ("Vizrt" or the "Company") of a merger agreement (the "Merger Agreement") with 24 October Holding AG, an entity indirectly controlled by Nordic Capital Fund VIII[1], and NOR Merger Sub Ltd. (which is a wholly-owned subsidiary of 24 October Holding AG), pursuant to which Nordic Capital Fund VIII will pay a cash consideration of NOK 37 (less withholding tax, if applicable) per Vizrt share for 100% of the issued share capital of the Company by way of a reverse triangular merger between NOR Merger Sub Ltd. and the Company (the "Merger"). Reference is further made to the announcement of 30 January 2015 in which it was indicated that a clarification on the Withholding Ruling (as defined in the Merger Agreement) would be in place by mid February.

The Withholding Ruling (as defined in the Merger Agreement) has still not been obtained from the Israeli tax authorities (the "ITA"), and consequently it is not yet possible to give any indication as to when the Merger may be completed. However, Nordic Capital filed on 22 February 2015 an updated application for a Withholding Ruling in which it is described that the structure for payment of the Merger Consideration (as defined in the Merger Agreement) has been simplified. On this basis, the Company believes the process towards the ITA will come to a positive conclusion within the next two to three weeks and that the Merger will be completed as soon as possible thereafter. An update on the process will be given once further information is available.

[1]Nordic Capital VIII Limited, acting in its capacity as General Partner of Nordic Capital VIII Alpha, L.P. and Nordic Capital VIII, Beta L.P.

distributed by