NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE
PEOPLE'S REPUBLIC OF CHINA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN
WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE
APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

Oslo, 8 November 2017: Crayon Group Holding ASA ("Crayon" or the "Company", OSE
ticker code "CRAYON"). Reference is made to the stock exchange announcement on 7
November 2017, in which Crayon announced the successful completion of the
bookbuilding for its initial public offering (the "Offering"). 

DNB Markets, a part of DNB Bank ASA (the "Stabilization Manager") may, on behalf
of the Managers (as defined below), engage in stabilization activities from
today 8 November 2017 to and including 7 December 2017 (the "Stabilization
Period"). Any stabilization transactions will be aimed to support the market
price of the shares of Crayon.

In connection with the Offering, the Managers have over-allotted to the
applicants in the Offering 6,290,000 shares in the Company, which equals
approximately 15% of the number of shares issued and sold in the Offering before
over-allotments. In order to permit the delivery in respect of over-allotments
made, the Stabilization Manager has been granted an option, on behalf of the
Managers, to borrow a number of Shares in the Company equal to the number of
over-allotted Shares from Norvestor and certain minority shareholders. For
further details on the Offering, see the stock exchange announcement of 7
November 2017 issued by Crayon.

Further, the Stabilization Manager, on behalf of the Managers, has been granted
an option (the "Over-Allotment Option") Norvestor and certain minority
shareholders, which entitles the Managers, at the request of the Stabilization
Manager, to purchase from Norvestor and certain minority shareholders up to
6,290,000 shares in the Company at a price per share of NOK 15.50, which is
equal to the offer price in the Offering (the "Offer Price"). The Over-Allotment
Option may be exercised at any time, in whole or in part, during the
Stabilization Period. The Stabilization Manager may close out the short position
created by over-allotting shares by buying shares in the open market through
stabilization activities and/or by exercising the Over-Allotment Option.

The Stabilization Manager (or persons acting on behalf of the Stabilization
Manager) may effect transactions to stabilize or maintain the price of the
shares of Crayon at a level higher than that which might otherwise prevail, by
buying shares in Crayon or associated instruments in the open market at prices
equal to or lower than (but not above) the Offer Price. However, there is no
obligation on the Stabilization Manager (or persons acting on behalf of the
Stabilization Manager) to do so. Moreover, there is no assurance that the
Stabilization Manager (or persons acting on behalf of the Stabilization Manager)
will undertake stabilization activities. If stabilization activities are
undertaken, they may be discontinued at any time, and must be brought to an end
upon or before the expiry of the Stabilization Period.

Within one week after the end of the Stabilization Period, the Stabilization
Manager will publish a statement through the information system of the Oslo
Stock Exchange under the Company's ticker with information as to whether or not
any stabilization activities have been undertaken, including the total amount of
shares sold and purchased, the date at which stabilization begun, the date at
which stabilization last occurred, the price range in which stabilization was
carried out for each of the dates stabilization transactions were carried out.

Any stabilization activities will be conducted in accordance with section 3-12
of the Norwegian Securities Trading Act and Commission Regulation (EC) No.
2273/2003 implementing Directive 2003/6/EC of the European Parliament and of the
Council regarding buy-back programs and stabilization of financial instruments.

Carnegie AS and DNB Markets, a part of DNB Bank ASA, are acting as Joint Global
Coordinators and Joint Bookrunners in the IPO; Danske Bank A/S, Norwegian branch
is acting as Joint Bookrunner and SpareBank 1 Markets AS is acting as Joint Lead
Manager (together referred to as the "Managers").

For further details see the prospectus dated 25 October 2017 issued in
connection with the Offering and the listing of the Company's shares on the Oslo
Stock Exchange.

For further queries, please contact:

Torgrim Takle, Chief Executive Officer
Crayon Group Holding ASA
Tel.: +47 95 14 07 82
Email: torgrim@crayon.com 

About Crayon

Crayon Group Holding ASA is a leading IT advisory firm in software and digital
transformation services. With unique IP tools and skilled employees, Crayon help
optimize its clients' ROI from complex software technology investments. Crayon
have long experience within volume software licensing optimization, digital
engineering, predictive analytics and assists the clients through all phases of
the process of a digital transformation. Headquartered in Oslo, Norway, the
company has approximately 1,100 employees in 43 offices worldwide.

IMPORTANT INFORMATION

United States

These materials may not be published, distributed or transmitted in the United
States, Canada, Australia, the Hong Kong Special Administrative Region of the
People's Republic of China, South Africa or Japan. These materials do not
constitute an offer of securities for sale or a solicitation of an offer to
purchase securities (the "Shares") of Crayon Group Holding ASA (the "Company")
in the United States, Norway or any other jurisdiction. The Shares 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 "Securities Act"). The Shares of the Company have not been, and will not
be, registered under the 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 Securities Act.

European Economic Area

Any offering of securities will be made by means of a prospectus to be published
that may be obtained from the issuer or selling security holder, once published,
and that will contain detailed information about the Company and its management,
as well as financial statements. 

These materials are an advertisement and not a prospectus for the purposes of
Directive 2003/71/EC, as amended (together with any applicable implementing
measures in any Member State, the "Prospectus Directive"). Investors should not
subscribe for any securities referred to in these materials except on the basis
of information contained in the prospectus.

In any EEA Member State other than Norway (from the time the prospectus has been
approved by the Financial Supervisory Authority of Norway, in its capacity as
the competent authority in Norway, and published in accordance with the
Prospectus Directive as implemented in Norway) that has implemented the
Prospectus Directive, this communication is only addressed to and is only
directed at "qualified investors" in that Member State within the meaning of
Article 2(1)(e) of the Prospectus Directive ("Qualified Investors"), i.e., only
to investors to whom an offer of securities may be made without the requirement
for the Company to publish a prospectus pursuant to Article 3 of the Prospectus
Directive in such EEA Member State. 

United Kingdom

In the United Kingdom, these materials are only being distributed to and are
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 document relates is
available only to Relevant Persons and will be engaged in only with Relevant
Persons.