Hawk Infinity Software AS – closing of sale of Jotta AS and strategic joint venture with Telenor forming a leading player within cloud storage

30 Apr 2025 14:54 CEST

Referring to the stock exchange release on March 19th, 2025, Hawk Infinity
Software AS (“HIS”) is pleased to announce that the transaction involving the
sale of 100% of Jotta AS (“Jotta”), and the establishment of a strategic joint
venture (“SJV”) with HIS and Telenor within cloud storage services (the
“Transaction”) was closed on April 30th, 2025. The SJV consists of Jotta and
Telenor Software Lab AS (“TSL”) and is owned 50%/50% by HIS and Telenor.

The net cash proceeds to HIS in the Transaction was 362 MNOK.

The net cash proceeds from the Transaction are expected to be used for
identified M&A opportunities and general corporate purposes.

For further information please contact:

Joakim Stavnes Karlsen
Chief Executive Officer
Tel: +47 483 88 583
E-mail: jk@hawk.no

Lars Fredrik Revling
Chief Financial Officer
Tel: +47 412 22 772
E-mail: lr@hawk.no

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