Komplett Bank ASA – Mandatory notification of trade and disclosure of significant shareholding

10 Mar 2023 14:05 CET

Reference is made to the stock exchange announcement by Komplett Bank ASA (the
"Company") earlier today regarding the extraordinary general meeting's approval
of the share capital increase pertaining to the private placement of 18,181,818
new shares (the "Private Placement").

As a result of the general meeting's approval of the Private Placement, Kistefos
AS, a close associate of the Company's board member Nishant Fafalia, has
subscribed for 4,545,454 new shares. In addition, Kistefos AS has loaned out
13,636,364 shares in the Company to Pareto Securities to facilitate DVP
settlement in the Private Placement, which will be redelivered upon registration
of the share capital increase pertaining to the Private Placement and delivery
in the VPS.

Notification forms for the above-mentioned transactions are attached to this
release.

Taking into account the shares subscribed in the Private Placement and the share
lending, Kistefos AS has temporarily reduced its notifiable holding to
29,516,375 shares, which represents respectively 15.73% and 14.34% of the share
capital of the Company before and after registration of the share capital
increase pertaining to the Private Placement.

The notifiable holding of Kistefos AS on a consolidated basis, which includes
the holdings of Kistefos Investment AS, is temporarily reduced to 36,834,555
shares, which represents respectively 19.64% and 17.90% of the share capital of
the Company before and after registration of the share capital increase
pertaining to the Private Placement.

After the registration of the share capital increase pertaining to the Private
Placement and re-delivery of the borrowed shares, Kistefos AS will have a total
notifiable holding of 43,152,739 shares in the Company, representing 20.97% of
the share capital of the Company. The consolidated notifiable holding of
Kistefos will be 50,470,919 shares, representing 24.53% of the share capital of
the Company.

The notifiable holdings referred to above include forward contracts held by
Kistefos AS for 2,860,000 shares and by Kistefos Investment AS for 6,100,000
shares as previously disclosed.

More information:
Access the news on Oslo Bors NewsWeb site

584925_Kistefos - PDMR forms.pdf