NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHINCANADA ,AUSTRALIA ,NEW ZEALAND ,SOUTH AFRICA ,JAPAN ,HONG KONG , OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.Oslo ,15 January 2024 Reference is made to the stock exchange announcement made on5 January 2024 regarding the final results of the mandatory offer (the "Offer") made by Kangaroo BidCo AS ("Kangaroo BidCo" or the "Offeror") to acquire all outstanding shares ("Shares") inKahoot! ASA ("Kahoot !" or the "Company") not already owned by the Offeror. Reference is further made to the announcement of completion of the Offer on11 December 2023 . Following completion of the Offer, Kangaroo BidCo held a total of 466,983,548 Shares inKahoot !, representing to approximately 94.75% of the share capital and voting rights in the Company. The board of directors of Kangaroo BidCo has resolved, effective from after close of trading on theOslo Stock Exchange today15 January 2024 , to carry out a compulsory acquisition of all remaining Shares inKahoot ! not owned by Kangaroo BidCo, pursuant to section 6-22 of the Norwegian Securities Trading Act, cf. section 4-25 of the Norwegian Public Limited Liability Companies Act. As a consequence, Kangaroo BidCo has assumed ownership to the Shares inKahoot ! that are subject to the compulsory acquisition, and the Offeror will from the date hereof be owner of 100% of the Shares in the Company. The offered compulsory acquisition offer price will beNOK 35 per Share, which corresponds to the offer price in the Offer, and according to section 6-22 of the Norwegian Securities Trading Act, is the applicable compulsory acquisition offer price in a subsequent compulsory acquisition. Settlement of the compulsory acquisition offer price will take place on or about19 January 2024 . A notice regarding compulsory acquisition will be sent to all former shareholders subject to the compulsory acquisition whose addresses are known. In addition, the compulsory acquisition will be announced through the electronic notice service of theNorwegian Register ofBusiness Enterprises . Any objections to, or rejection of, the offered compulsory acquisition offer price must be made at the latest by 23:59 (Norwegian time) on18 March 2024 . Former shareholders ofKahoot ! who do not object to, or reject, the offered compulsory acquisition offer price within this deadline will be deemed to have accepted the compulsory acquisition offer price. Following the compulsory acquisition, Kangaroo BidCo will pursue a delisting ofKahoot !'s Shares from theOslo Stock Exchange . For more information, please contact: Media relationsGoldman Sachs Joseph Stein, Corporate Communications Phone: +44 207 774 4080
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