NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTOTHE UNITED STATES ,AUSTRALIA ,CANADA ORJAPAN OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.Oslo, Norway -20 January 2021 . Viking Venture 16 AS, Viking Venture 16B AS, Viking Venture 16C AS and Viking Venture 16D AS, which are holding companies managed by Viking Venture AS (the "Seller"), has retainedPareto Securities AS (the "Manager") to explore a potential block sale of existing shares (the "Offering") inMercell Holding AS (the "Company"). The Seller is contemplating selling up to 30,000,000 shares in the Company, representing approximately 7.3% of the Company's outstanding shares, through an accelerated bookbuilding process. The Seller reserves the right, at its own discretion, to sell fewer shares or no shares at all. The Offering will commence immediately following the publication of this announcement and may be closed at short notice at the full discretion of the Seller and/or the Manager. A further announcement will be made following pricing of the shares in the Offering. The Seller currently holds 83,067,864 shares in the Company, representing approximately 20% of the Company's outstanding shares. The Seller will enter into a 90-day customary lock-up with the Manager following the completion of the Offering for any of the shares the Seller currently hold in the Company which are not sold as part of the Offering. The Seller is represented on the Company's board of directors, byJoar Welde andErik Hagen . For more information about the Offering please contact the Manager:Pareto Securities AS +47 22 87 87 50
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