Oslo, 3 September 2020 | LAVO.TV AS | Merkur Market: LAVO-ME 

Reference is made to the stock exchange announcement dated 30 June 2020 giving
notice for the annual general meeting and the stock exchange announcement dated
7 July 2020 providing the minutes of the annual general meeting for Lavo.tv AS
(the ‘Company’), regarding the share capital increase by conversion of NOK
1,924,957 in debt through the issuance of new shares in the Company at a
conversion price of NOK 0.05 per share.

The share capital increase is registered with the Norwegian Register of Business
Enterprises (Nw.: Foretaksregisteret). The Company's share capital has been
increased by NOK 384,991.40 through the issue of 38,499,140 new shares. The
Company’s new share capital is NOK 2,653,371.12, divided into 265,337,112
shares, each with a nominal value of NOK 0.01. 


Further reference is made to the stock exchange announcement dated 27 August
2020 regarding the convertible loan agreement entered into with European High
Growth Opportunities Securitization Fund (the ‘Investor’) on 10 June 2020, where
the Investor has submitted a notification of conversion of the amount of NOK
3,000,000 convertible to 60,000,000 new shares in Lavo.tv AS at a conversion
price of NOK 0.05 per share. 

Following the conversion, the balance of the convertible loan dated 10 June 2020
is NOK 5,750,000.

Following the conversion, the total number of issued shares in Lavo.tv AS will
be 325,337,112 shares.

The New Shares will be listed on Merkur Market as soon as practically possible
after registration of the share capital increase in the Norwegian Register of
Business Enterprises. 

For further information, please contact:

Lars Christian Beitnes
CEO 
E-mail: lb@lavo.tv 

About LAVO.TV AS: 
Lavo.tv was launched in 2017 as a mobile service around existing TV concepts,
providing live highlights and extra content. As sport is becoming increasingly
central to the strategy of several TV companies, Lavo.tv is committed to
becoming the service where all mobile users will be able to find highlights,
both live and editorial, from all attractive TV-broadcast sports. Lavo.tv has
established itself as a leading technology partner for the TV industry and
provides end-user services through the Lavo app based on AI for video
management. 

Lavo.tv AS is listed on Merkur Market, maintained by Oslo Stock Exchange with
the ticker LAVO-ME.