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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 retained Pareto Securities AS (the "Manager") to explore a
potential block sale of existing shares (the "Offering") in Mercell 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, by Joar Welde and Erik Hagen.

For more information about the Offering please contact the Manager:

Pareto Securities AS
+47 22 87 87 50

Click here for more information

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