Oslo (Norway), June 29th 2020 – Lavo.tv AS, a Norwegian-based specialist in
television streaming and consumer interaction (‘Lavo’), announces that it
entered into an amendment to its loan agreement (‘the Amendment’) with its
historical backer and longtime shareholder European High Growth Opportunities SF
(‘EHGO’). The terms of such amendment are set out below.

Amendment:
On June 10th 2020, Lavo entered into a completely new loan agreement with EHGO
for NOK 12.5 million, disbursable in one tranche and bearing a fixed interest
rate of 5 percent per year (‘the Loan’).

Lavo and EHGO have executed on June 29th 2020 an Amendment to the Loan whereby
the principal amount under the loan shall be reduced to NOK 8,750,000, and the
remaining NOK 3,750,000 (the ‘Equity Amount’) shall be contributed by EHGO as a
contribution of equity by way of a share capital increase in Lavo through a
private placements towards EHGO.
 
The shares issued in the share capital increase shall carry shareholders' right
from the date of subscription, which shall be June 29th 2020. The registration
of the share capital increase shall occur as soon as practically possible
following subscription. The subscription price in the share capital increase
shall be NOK 0.05 per share (the same as the conversion price under the Loan). 

The total amount of fees to be paid by Lavo shall remain unchanged by the
Amendment (a 5% fee shall be paid on the Equity Amount, and a 5% fee shall be
paid on the reduced Loan amount).
 
For further information, please contact:

Lars Christian Beitnes
CEO 
Mail: lb@lavo.tv 

About LAVO.TV: 
LAVO.TV was launched in 2017 as a mobile service based on existing TV-concepts,
to offer direct video highlights and extra content for tv programs. As sports
became more relevant and focus of strategy for many TV companies, LAVO.TV
specialized in this service where all mobile users can find highlights both live
and edited TV sports snippets. The company has established itself as the leading
technology partner in the TV market and delivers finished services through the
app, LAVO.TV. The company is developing the possibilities for more effective
transactions between users, advertisers and content owners with block chain
technology and digital currency.

LAVO.TV is listed on the Merkur Market list on Oslo Stock Exchange with the
ticker LAVO-ME.