NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE IMPORTANT NOTICE AT THE END OF THIS COMMUNICATION Carasent ASA (“Carasent” or the “Company) is pleased to invite investors and other interested parties to a Capital Markets Day on Tuesday, 7 November 2023 at 14:00-16:00 CET. The event will be held at Carnegie, Regeringsgatan 56, 111 56 Stockholm, and there will be a live webcast for those not attending in person. More information will be made available before the Capital Markets Day. Location: Regeringsgatan 56, 111 56 Stockholm Date & Time: 7 November 2023, 14:00-16:00 The Board of Directors (the “Board”) of Carasent strongly believes that the Company’s shares are trading at a substantial discount to fair value. Consequently, following a review of the Company's capital structure, the Board has decided to reduce the Company’s significant net cash position by returning NOK 250 million to shareholders (the “Distribution”). The Board’s view is that following this reduction in net cash position the Company still has a strong balance sheet allowing for an expansive agenda which will be discussed in detail at the Capital Markets Day. The Distribution will be effected by way of a share buyback by utilizing the authorization as granted by the 2023 annual general meeting (AGM) to repurchase up to 7,962,052 shares in the Company (just below 10% of the current outstanding shares in the Company) (the "Offering"), and an additional cash distribution. The additional cash distribution is conditional upon an extraordinary general meeting approval. The share buyback is expected to commence Monday 25 September, and will be carried out by means of a book building process where shareholders wanting to sell shares will have a few days to submit the number of shares they are willing to sell and at what price. The Board will determine the number of shares to purchase, final pricing and allocation. The Board thereafter plans to call for an extraordinary general meeting where it will be proposed to make a distribution in equal amounts per share, which will be made by way of a reduction of paid-in capital. The aggregate amount of such proposed distribution will be equal to the difference between NOK 250 million and the amount spent on the repurchase of shares. For further details please contact: Svein Martin Bjørnstad, CFO Tel: +47 979 69 493, or Daniel Öhman, CEO Tel: +46 70-855 37 07 The information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. The Offer and the distribution of this announcement and other information in connection with the offer may be restricted by law in certain jurisdictions. The Company does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or relevant information should come are required to inform themselves about and to observe any such restrictions. The offer is not being made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America, its territories and possessions, any State of the United States and the District of Columbia (the "United States"). This includes, but is not limited to, facsimile transmission, internet delivery, e-mail and telephones. Copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or into the United States and so doing may invalidate any purported acceptance.
