(Oslo, 24 June 2019) Hiddn Solutions ASA (Hiddn, OSE: HIDDN) has entered into a
Letter of Intent (LOI) for a potential business combination with Ayfie Group AS,
an international provider of Artificial Intelligence enhanced solutions for the
legal, legal services, finance and publishing industries

Hiddn and Ayfie has on 24 June 2019 entered into an LOI for a potential business
combination of the two entities. Following the potential transaction, the Ayfie
shareholders are expected to hold approximately 85% of Hiddn. The Ayfie
technology was launched in late 2017, and Ayfie reports audited revenues in 2018
of NOK 48.9 million and a contracted annual recurring revenue at year end 2018
of NOK 68 million.

Ayfie Group AS is the parent company of the Ayfie Group (Ayfie). Ayfie is an
international provider of Artificial Intelligence enhanced solutions based on
proprietary linguistics, machine learning, smart search and text analytics for
the legal, legal services, finance and publishing industries. Ayfie has
operations in Oslo (Norway), Stockholm (Sweden), Munich (Germany), New York City
(USA) and Denver (USA) through fully owned subsidiaries.

"The global market for the analysis of large volumes of text through artificial
intelligence and machine learning is expanding rapidly. Ayfie's unique
technology gives businesses the ability to leverage insight for process
automation. Ayfie's ambition is to take a leading position in this fast-growing
market. Ayfie strong growth combined with Hiddn will facilitate accelerated
global expansion." says Erik Baklid, CEO of Ayfie Group.

The completion of the proposed transaction is subject to, among other things,
due diligence, final transaction agreements being entered into, approval by the
shareholders of Ayfie and the approval by the Hiddn shareholders at an
extraordinary general meeting. Subject to the completion conditions being
fulfilled, the transaction is expected to close during the second half of 2019.

Hiddn will prepare and publish an information document or a prospectus, as
applicable, as part of the business combination.

The agreement entered into between Hiddn and the owners of Energos Group AS on
16 May 2019 and the process between Hiddn and Tactilis Pte Limited, as
previously announced, are both terminated.

ENDS

For further information, please contact:
Øystein Tvenge, Chairman of Hiddn, telephone: + 47 908 70 000 /e-mail:
oystein.tvenge@oytv.onmicrosoft.com