Komplett ASA: Approval and publication of prospectus

04 Jan 2023 13:25 CET

NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER
JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Sandefjord/Oslo, 4 January 2023: Reference is made to the stock exchange
announcement made by Komplett ASA (the "Company") on 15 November 2022 regarding
the successful placing of a private placement in the Company raising gross
proceeds of NOK 1,000,050,000 (the "Private Placement") and a potential
subsequent offering of up to 3,390,000 new shares (the "Subsequent Offering"),
as well as the stock exchange announcement made on 8 December 2022 where the
Company among other announced that the general meeting had resolved to  grant
the board of directors an authorisation to increase the Company's share capital
by up to NOK 1,356,000, by the issuance of up to 3,390,000 new shares in
connection with the Subsequent Offering.

In connection with the Private Placement, a total of 67,800,000 new shares were
issued, of which 21,499,515 shares were immediately listed and tradeable on the
Oslo Stock Exchange. The remaining 46,300,485 shares (the "Unlisted Private
Placement Shares") have not yet been listed and tradeable on the Oslo Stock
Exchange. These shares have been issued in the CSD on a temporary ISIN NO
0012763434.

The Financial Supervisory Authority of Norway (Nw. Finanstilsynet) has today, on
4 January 2023, approved a prospectus prepared by the Company (the "Prospectus")
for (i) the listing of the Unlisted Private Placement Shares on Oslo Stock
Exchange and (ii) the offering and listing of new shares in the Subsequent
Offering. The Prospectus is prepared in accordance with the EU Prospectus
Regulation (Regulation (EU) 2017/1129 of the European Parliament and of the
Council of 14 June 2017 and ancillary regulation, as implemented under Norwegian
law.

The Prospectus, including the subscription form for the Subsequent Offering,
will be made available on the Company's website at
https://www.komplettgroup.com/investor-relations. Printed copies of the
Prospectus may be obtained free of charge at the Company's registered office at
Østre Kullerød 4, 3241 Sandefjord, Norway.

It is expected that the Unlisted Private Placement Shares will commence trading
on the Oslo Stock Exchange on or about 6 January 2023, following the transfer of
the Unlisted Private Placement Shares from the temporary ISIN NO 0012763434 to
ISIN NO 0011016040 after the publication of the Prospectus.

For further inquiries, please contact:

Kristin Hovland, Head of Communication
Kristin.Hovland@komplett.com

Krister A. Pedersen, CFO
Krister.Pedersen@komplett.com

About Komplett ASA

Komplett Group is a leading online-first electronics and IT products retailer,
operating in Norway, Sweden and Denmark. Serving customers in the B2C, B2B and
distribution markets, the Group is deeply focused on delivering best in class
customer experience, built through decades of knowhow, expertise and deep
customer commitment. Komplett Group operates an efficient and scalable business
model that supports cost leadership and enables a competitive product offering.

This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act.

IMPORTANT INFORMATION

This information does not constitute or form a part of any offer of securities
for sale or a solicitation of an offer to purchase securities of the Company in
the United States or any other jurisdiction. The securities of the Company may
not be offered or sold in the United States absent registration or an exemption
from registration under the U.S. Securities Act of 1933, as amended (the "U.S.
Securities Act"). The securities of the Company have not been, and will not be,
registered under the U.S. Securities Act. Any sale in the United States of the
securities mentioned in this communication will be made solely to "qualified
institutional buyers" as defined in Rule 144A under the U.S. Securities Act.

No subscription rights to the securities will be made in the United States. In
any EEA member state, other than Norway and Sweden, this communication is only
addressed to and is only directed at qualified investors in that Member State
within the meaning of the EU Prospectus Regulation, i.e., only to investors who
can receive the offer without an approved prospectus in such EEA member state.
The expression "EU Prospectus Regulation" means Regulation (EU) 2017/1129 of the
European Parliament and of the Council of 14 June 2017 (together with any
applicable implementing measures in any EEA member state).

In the United Kingdom, this communication is only addressed to and is only
directed at Qualified Investors who (i) are investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling
within Article 49(2)(a) to (d) of the Order (high net worth companies,
unincorporated associations, etc.) (all such persons together being referred to
as "Relevant Persons"). These materials are directed only at Relevant Persons
and must not be acted on or relied on by persons who are not Relevant Persons.
Any investment or investment activity to which this announcement relates is
available only to Relevant Persons and will be engaged in only with Relevant
Persons.

Persons distributing this communication must satisfy themselves that it is
lawful to do so. Matters discussed in this announcement may constitute forward
-looking statements. Forward-looking statements are statements that are not
historical facts and may be identified by words such as "anticipate", "believe",
"continue", "estimate", "expect", "intends", "may", "should", "will" and similar
expressions. The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further assumptions.
Although the Company believes that these assumptions were reasonable when made,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. Such risks, uncertainties,
contingencies and other important factors could cause actual events to differ
materially from the expectations expressed or implied in this release by such
forward-looking statements. The information, opinions and forward-looking
statements contained in this announcement speak only as at its date, and are
subject to change without notice. This announcement is made by, and is the
responsibility of, the Company.

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. The Company
expressly disclaims any obligation or undertaking to update, review or revise
any statement contained in this announcement whether as a result of new
information, future developments or otherwise. The distribution of this
announcement and other information may be restricted by law in certain
jurisdictions. Persons into whose possession this announcement or such other
information should come are required to inform themselves about and to observe
any such restrictions.

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