LINK Mobility – Plans to initiate additional share buyback program

23 Feb 2026 06:00 CET

(Oslo, 23 February 2026) at 06:00 CET – The Board of Directors of LINK Mobility
Group Holding ASA ("LINK" or the "Company") has resolved to plan for initiation
of an additional share buyback program in accordance with the authorization
granted to the Board of Directors by the Annual General Meeting held on 27 May
2025 (the "2025 AGM").

Reference is made to LINK’s stock exchange announcement dated 5 November 2025
regarding the introduction of the Company’s shareholder return policy in
connection with the presentation of its third quarter 2025 results. For the
financial year 2025, LINK has targeted an ordinary shareholder distribution of
NOK 300 million (equivalent to NOK ~1 per share), to be executed through
cancellation of treasury shares and additional share buybacks with subsequent
cancellation.

The ordinary shareholder distribution of approximately NOK 300 million will be
effected as follows:
• Cancellation of 8,000,000 treasury shares at a reference price of NOK 20.85
per share, representing approximately NOK 167 million; and
• Share buyback of 6,390,000 shares for a total consideration of approximately
NOK 133 million at a reference price of NOK 20.85 per share, with subsequent
cancellation of the repurchased shares.

In addition, the Board of Directors has resolved to plan for the initiation of
an extraordinary share buyback program for a total consideration of
approximately NOK 167 million, forming part of a total buyback authorization of
NOK 300 million. Shares repurchased under the extraordinary program will
subsequently be cancelled.

Based on the current share price, and subject to initiation and completion of
the repurchase, the combined programs correspond to a total planned cancellation
of approximately 22,390,000 shares. The final number of shares to be cancelled
will depend on the actual repurchase price achieved under the extraordinary
buyback program.

The share buyback program for a total consideration of up to NOK 300 million is
planned to be commenced in March and will end no later than the Company’s Annual
General Meeting in 2026, held on 27 May 2026. The Company will engage a manager
to execute the share repurchases in the market. A separate stock exchange
announcement will follow for the announcement of the details of and launch of
the share buyback program.

The Board considers buybacks an attractive investment given the current
valuation. Although the Company experienced temporary headwinds in Q4, the Board
and management remain confident in LINK’s long-term growth outlook and
underlying business fundamentals and believe the current share price does not
fully reflect the Company’s long-term value creation potential.

LINK continues to maintain a strong list of potential acquisition opportunities,
including larger transactions previously communicated; however, given current
valuation conditions and share price development, the Board has decided to defer
execution of larger transactions in the near-term and prioritize organic growth
and smaller bolt-on acquisitions. LINK’s long-term strategy of combining organic
growth with targeted acquisitions remains unchanged.

The Board follows a disciplined and consistent capital allocation framework,
allocating capital to opportunities that offer the most attractive long-term
risk-adjusted return and value per share.

The share buyback program will be carried out in accordance with Regulation (EU)
No 596/2014 (the "Market Abuse Regulation") and Commission Delegated Regulation
(EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company reserves the right to initiate the program on other terms than set
out above, which will be set out in the announcement to launch the repurchase
program.

For further information, please contact:

Morten Løken Edvardsen, CFO & VP Investor Relations
+47 90 56 15 89
ir@linkmobility.com

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Morten Løken Edvardsen, CFO & VP Investor
Relations at LINK Mobility Group Holding ASA, on 23 February 2026 at 06:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site