Kahoot! today announced the acquisition of Whiteboard.fi, an online whiteboard
tool for teachers and classrooms, with a goal of providing more powerful
learning tools for educators worldwide

Oslo, Norway (February 23, 2021) - Kahoot!, the global learning platform
company, today announced the acquisition of Whiteboard.fi, an online whiteboard
tool for teachers and classrooms that helps engage students both in the physical
classroom and through remote learning. Through this acquisition, Kahoot! plans
to expand its platform and provide more powerful learning and engagement tools
for 7.5 million teachers on the Kahoot! platform, making it easy for them to
make learning awesome.

Kahoot! has acquired 100% of the shares in Digital Teaching Tools Finland Ltd,
the company behind Whiteboard.fi, for a total consideration of USD 6 million, in
addition to a performance-based element up to USD 6 million depending on
Whiteboard's performance in 2021-2022. The consideration will be settled in a
combination of cash and Kahoot! shares. More details will be provided in the
coming quarterly presentation.

The acquisition is completed and the initial consideration for the acquired
shares has been settled by a combination of cash and new Kahoot! shares to be
issued.

The Board of Directors of Kahoot! has accordingly resolved to increase the share
capital of Kahoot! with NOK 18,489.20 by the issuance of 184,892 consideration
shares to the shareholders of Digital Teaching Tools Finland Ltd at a
subscription price of NOK 110.39 per share in accordance with the share purchase
agreement. The selling shareholders of Digital Teaching Tools Finland Ltd have
entered into lock-up agreements with Kahoot! pursuant to which the consideration
shares are subject to a lock-up period of two years from completion of the
acquisition. Following this share issue there will be 446,276,859 issued and
outstanding shares in Kahoot!

In the last 12 months, more than 1.5 billion participating players in over 200
countries attended over 250 million Kahoot! sessions. As educators globally look
for solutions to carry out teaching seamlessly in an engaging way, whether in
the classroom or remotely, Kahoot! wants to bring more such tools and resources
so they can continue on their teaching journey and help unlock their students'
potential to the fullest.

Whiteboard.fi launched commercially in Finland in 2020 in addition to their free
offering, and has grown it's active users over 400% the last 6 months, reaching
more than in total 7 million users on a 30 day basis with most of its educators
in the United States and United Kingdom. Through Whiteboard.fi, teachers and
students get their individual digital whiteboard, where they can draw, write
text, make notations on images, add math equations, and more. Teachers can see
their students' whiteboards in real time and follow their progress, while the
students only see their own whiteboard and the teacher's. Whiteboard is an
instant formative assessment tool for the classroom, providing teachers with
live feedback and immediate overview over their students.
The acquisition of Whiteboard.fi is part of Kahoot!'s strategy to expand into
new areas of learning and make Kahoot! a trusted destination for all learners,
whether at school, work or home.

The acquisition of Whiteboard.fi is part of Kahoot!'s strategy to expand into
new areas of learning and make Kahoot! a trusted destination for all learners,
whether at school, work or home.

"We are thrilled to welcome Whiteboard.fi to the expanding Kahoot! family as we
advance towards our vision to become the leading learning platform in the
world," said Eilert Hanoa, CEO, Kahoot! "Whiteboard.fi's online whiteboard tool
provides a great canvas for teachers and students to express themselves, bring
more engagement, and learn while having fun. At Kahoot!, we want to provide the
best tools to our growing community of educators globally and Whiteboard.fi's
solution is a perfect fit with our steadily scaled proposition. We will continue
to expand into new areas to make Kahoot! the ultimate learning destination, no
matter the age, location or context, and to make learning awesome!"

"We are super excited to join the Kahoot! family, as we share the same mission
to improve education worldwide!" said Sebastian Laxell, CEO of Digital Teaching
Tools Finland Ltd. "It really is the perfect match, and together we can unleash
the full potential of the service. We look forward to releasing many new
features to our users!"

Please visit https://kahoot.com/news/ to stay up to date on company news and
updates.

For more information, please contact:

Kahoot!
Eilert Hanoa, CEO
Phone: +47 928 32 905
Email: eilerth@kahoot.com

Ken Østreng, CFO
Phone: +47 911 51 686
Email: keno@kahoot.com

Whiteboard.fi
Sebastian Laxell
Phone: +358 44 298 2667
Email: sebastian@laxell.com 


About Kahoot!
Kahoot! is on a mission to make learning awesome! We want to empower everyone,
including children, students, and employees to unlock their full learning
potential. Our learning platform makes it easy for any individual or corporation
to create, share, and play learning games that drive compelling engagement. In
addition, our family of apps takes math learning to a new level and empowers
children to learn to read through play. Learners of all ages can make language
learning natural with immersive visuals and play through our Drops apps.
Organizations can connect and engage their work teams with Actimo, our employee
engagement platform. Launched in 2013, Kahoot!'s vision is to build the leading
learning platform in the world. In the last 12 months, more than 250 million
games have been played on the Kahoot! platform with 1.5 billion participating
players in 200 countries. The company is headquartered in Norway with offices in
the US, the UK, France, Finland, Estonia, Denmark and Spain. Let's play!

About Whiteboard.fi 
Whiteboard.fi takes the formative assessment to the next level, and helps
teachers engage their students - both in the physical classroom and during
remote teaching. Whiteboard.fi is a simple tool that can be used instantly.
Teachers create a class and let students join, using a link, room code or QR
code. Every participant will get an individual digital whiteboard, where they
can draw, write text, make notations on images, add math equations, and more!
The teacher sees all students' whiteboards in real-time, following their
progress, while the students only see their own whiteboard and the teacher's.
The Whiteboard.fi technology was created in 2016 in Raasepori, Finland and
launched commercially in 2020.