NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, JAPAN,
HONG KONG, SOUTH KOREA, OR ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.

SoftwareOne Holding AG (SIX: SWON) ("SoftwareOne" or the "Offeror"), a leading
global software and cloud solutions provider, today announced that it controls a
total of 59,286,982 shares or approximately 66.2% at the end of the initial
acceptance period of its recommended voluntary share and cash offer for Crayon
Group Holding ASA ("Crayon" and the "Offer"). As announced on 11 April 2025, the
offer period under the Offer (the "Offer Period") has been extended until 29
April 2025, 16:30 CEST.

Reference is made to the stock exchange announcement published on 14 March 2025
regarding launch of the Offer at a price of NOK 69 in cash and 0.8233 (rounded
down) newly issued shares in SoftwareOne per Crayon share. The detailed terms of
the Offer are further set out in the combined offer document and prospectus for
the offer and secondary listing of SoftwareOne's shares on Euronext Oslo Børs
dated 14 March 2025, as supplemented by the prospectus supplement dated 28 March
2025 (together, the "Prospectus"). Reference is further made to the stock
exchange announcement published by SoftwareOne on 11 April 2025 regarding the
extension of the Offer Period until 29 April 2025 at 16:30 CEST.

As of expiry of 11 April 2025, and subject to customary verification,
SoftwareOne has received acceptances of the Offer for a total of 53,027,369
shares, representing approximately 59.2% of Crayon's issued and outstanding
share capital (excluding treasury shares owned by Crayon). This excludes shares
already controlled by SoftwareOne of approximately 6.98%. Including those
shares, SoftwareOne controls approximately 66.2% of the total issued and
outstanding shares in Crayon. 

The Offer Period expires at 16:30 CEST on 29 April 2025. The Offeror maintains
its right to further extend the Offer Period (one or more times) on the terms
and conditions set out in the Prospectus, but not beyond 23 May 2025.
The Offer is only capable of being accepted pursuant to the Prospectus, and the
complete terms and conditions for the Offer are included in the Prospectus. The
completion of the Offer is subject to certain conditions, as further set out in
section 5.2.4 ("Closing Conditions") of the Prospectus. Subject to regulatory
restrictions in certain jurisdictions, the Prospectus is available at
www.paretosec.com/transactions and may be obtained free of charge during
ordinary business hours at the offices of the receiving agent, Pareto Securities
AS, Dronning Mauds gate 3, 0115 Oslo, Norway.

Indicative timetable 
14 March - 29 April 2025: Tender offer period, as extended
16 May 2025: SoftwareOne AGM
June 2025: Completion of transaction, subject to receipt of required regulatory
approvals

IMPORTANT INFORMATION
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 Prospectus will not and may not be distributed, forwarded or transmitted
into or within any jurisdiction where prohibited by applicable law, including,
without limitation, Canada, Australia, New Zealand, South Africa, Hong Kong,
South Korea and Japan, or any other jurisdiction in which such distribution,
forwarding or transmittal would be unlawful. The Offeror does not assume any
responsibility in the event there is a violation by any person of such
restrictions. Persons in the United States should review "Notice to U.S.
shareholders" below. Persons into whose possession this announcement or any
other information regarding the Offer should come are required to inform
themselves about and to observe any such restrictions.

This announcement is for informational purposes only and is not a tender offer
document or a prospectus and, as such, is not intended to constitute or form any
part of an offer or the solicitation of an offer to purchase, otherwise acquire,
subscribe for, sell or otherwise dispose of any securities or the solicitation
of any vote or approval in any jurisdiction, pursuant to the Offer or otherwise.
The Offer is only made on the basis of the Prospectus approved by Euronext Oslo
Børs and the Financial Supervisory Authority of Norway, and can only be accepted
pursuant to the terms of such document. The Offer will not be made directly or
indirectly in any jurisdiction where either an offer or participation therein is
prohibited by applicable law or where any tender offer document, prospectus or
registration or other requirements would apply in addition to those undertaken
in Norway (and other member states of the European Economic Area, as
applicable).

Notice to U.S. shareholders
This announcement does not constitute an offer, or solicitation of an offer, to
sell, purchase or subscribe for any securities. The new SoftwareOne shares
offered in the share exchange component  referred to in this release have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act"), or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available. The information contained in this
announcement is for informational purposes only and does not purport to be full
or complete. The Offeror does not intend to conduct a public offering in the
United States. Copies of this announcement are not being, and should not be,
distributed in or sent into the United States.

Forward-looking statements
This announcement, verbal statements made regarding the Offer and other
information published by the Offeror may contain certain statements about Crayon
and SoftwareOne that are or may be forward-looking statements. These
forward-looking statements can be identified by the fact that they do not relate
only to historical or current facts. Forward-looking statements sometimes use
words such as "may", "will", "seek", "continue", "aim", "anticipate", "target",
"expect", "estimate", "intend", "plan", "goal", "believe" or other words of
similar meaning. Examples of forward-looking statements include, among others,
statements regarding cost synergies from the combination of Crayon and
SoftwareOne, and their future financial and market position, business strategy
and plans and objectives for future operations and other statements that are not
historical fact. By their nature, forward-looking statements involve risk and
uncertainty because they relate to future events and circumstances, including,
but not limited to, local and global economic and business conditions, the
effects of volatility in credit markets, market-related risks such as changes in
interest rates and exchange rates, effects of changes in valuation of credit
market exposures, changes in valuation of issued notes, the policies and actions
of governmental and regulatory authorities, changes in legislation, the further
development of standards and interpretations under International Financial
Reporting Standards ("IFRS") applicable to past, current and future periods,
evolving practices with regard to the interpretation and application of
standards under IFRS, the outcome of pending and future litigations, the success
of future acquisitions and other strategic transactions and the impact of
competition - a number of such factors being beyond the control of Crayon and
SoftwareOne. As a result, actual future results may differ materially from the
plans, goals, and expectations set forth in these forward-looking statements.

Any forward-looking statements made herein speak only as of the date they are
made. The Offeror disclaims any obligation or undertaking to release publicly
any updates or revisions to any forward-looking statements contained in this
announcement to reflect any change in the Offeror's expectations with regard
thereto or any change in events, conditions or circumstances on which any such
statement is based.