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, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL. 

Oslo, 11 October 2023

Reference is made to the offer document dated 27 July 2023 (the "Offer
Document") for the recommended voluntary offer by Kangaroo BidCo AS (the
"Offeror") to acquire all outstanding shares (the "Shares") in Kahoot! ASA
("Kahoot!" or the "Company") for a cash consideration of NOK 35.00 per share
(the "Offer"). Reference is further made to the announcement dated 22 September
2023 regarding the last and final extension of the offer period (the "Offer
Period") to 6 October 2023 at 23:00 (CEST) and to the announcement dated 28
September 2023 regarding the waiver of the minimum acceptance condition of the
Offer. Reference is also made to the announcement dated 29 September 2023
regarding the Offeror's receipt of regulatory approval from relevant competition
authorities in China as well as the announcement on 9 October 2023 regarding the
preliminary results of the Offer.

The Offeror is pleased to announce that the waiting period applicable to the
Offer under the relevant United States antitrust laws has expired. As of today,
the regulatory approvals condition of the Offer is satisfied. The Offeror
thereby announces the settlement notification, pursuant to sections 1.6
(Conditions for the Offer) and 1.15 (Settlement) of the Offer Document (the
"Settlement Notification"). 

Settlement of the Offer will take place no later than Thursday 9 November 2023,
being twenty (20) Business Days (as defined in the Offer Document) after the
Settlement Notification, subject to the remaining closing conditions as set out
in section 1.6 (Closing Conditions) in the Offer Document, remaining fulfilled
or being waived (at the Offeror's sole discretion) until settlement of the
Offer.

Upon completion of the Offer, subject to the closing conditions, the Offeror
intends to make a mandatory offer to acquire the remaining Shares pursuant to
chapter 6 of the Norwegian Securities Trading Act. If the Offeror becomes the
owner of 90% or more of the Shares and voting rights in the Company, the Offeror
intends to proceed with a compulsory acquisition of the remaining Shares
pursuant to section 4-25 of the Norwegian Public Companies Act and section 6-22
of the Norwegian Securities Trading Act.

For further information on the Offer, visit: https://danskebank.no/Kahoot 

Media relations
For Goldman Sachs 
Joseph Stein, Corporate Communications 
Phone: +44 207 774 4080

For Kahoot! 
Axel Heiberg-Andersen, Sr. Communications Manager 
Tel: +47 924 97 627 
Email: axelh@kahoot.com 

Press inquiries: press@kahoot.com
 
Ken Østreng, CFO 
Tel: +47 911 51 686 
Email: keno@kahoot.com 

For General Atlantic 
Emily Japlon 
Email: media@generalatlantic.com
Important notice 
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
Offer Document and related acceptance forms are 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 and Japan. 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.
Holders" below. Persons into whose possession this announcement or such other
information should come are required to inform themselves about and to observe
any such restrictions.

This announcement is for information purposes only and is not a tender offer
document and, as such, is not intended to and does not 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 Period has now expired. Accordingly, investors may no longer accept
the Offer. Offers have not been and 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 or registration or other
requirements would apply in addition to those undertaken in Norway.

No profit forecasts or estimates
No statement in this announcement is intended as a profit forecast or profit
estimate and no statement in this announcement should be interpreted to mean
that earnings or earnings per Share for the current or future financial years
would necessarily match or exceed the historical published earnings or earning
per Share.

Forward-looking statements
This announcement, oral statements made regarding the Offer, and other
information published by the Offeror and/or Kahoot! may contain statements which
are, or may be deemed to be, "forward looking statements". Such forward looking
statements are prospective in nature and are not based on historical facts, but
rather on current expectations and on numerous assumptions regarding the
business strategies and the environment in which the Kahoot! group will operate
in the future and are subject to risks and uncertainties that could cause actual
results to differ materially from those expressed or implied by those
statements. The forward looking statements contained in this announcement relate
to the Kahoot! group's future prospects, developments and business strategies,
the expected timing and scope of the Offer and other statements other than
historical facts. In some cases, these forward looking statements can be
identified by the use of forward looking terminology, including the terms
"believes", "estimates", "will look to", "would look to", "plans", "prepares",
"anticipates", "expects", "is expected to", "is subject to", "budget",
"scheduled", "forecasts", "synergy", "strategy", "goal", "cost-saving",
"projects" "intends", "may", "will" or "should" or their negatives or other
variations or comparable terminology. Forward-looking statements may include
statements relating to the following: (i) future capital expenditures, expenses,
revenues, earnings, synergies, economic performance, indebtedness, financial
condition, dividend policy, losses, contract renewals and future prospects