Oslo, 7 December 2023
Reference is made to the announcement on 15 November 2023 regarding the launch
of the mandatory offer by Kangaroo BidCo AS (the "Offeror") to acquire all
issued and outstanding shares in Kahoot! not already owned by the Offeror (the
"Mandatory Offer").
Pursuant to section 6-16 of the Norwegian Securities Trading Act, the Board of
Directors of Kahoot! shall provide a statement on the Offer. Oslo Børs, in its
capacity as take-over supervisory authority, has decided that the statement
shall be issued by an independent expert and not by the Board of Directors of
Kahoot!, and that such statement can be issued by DNB Markets, a part of DNB
Bank ASA ("DNB Markets") on behalf of the Company, cf. section 6 16 of the
Securities Trading Act.
DNB Markets has issued their statement on the Offer and has in the statement
concluded as follows:
"DNB Markets concludes that the Offer Price is fair from a financial point of
view for Kahoot! shareholders."
The full statement from DNB Markets is attached to this announcement.
For further information, please contact:
Eilert Hanoa, CEO
Phone: +47 928 32 905
Email: eilerth@kahoot.com
Ken Østreng, CFO
Phone: +47 911 51 686
Email: keno@kahoot.com
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.