Reference is made to the announcement by LINK Mobility (LINK) on 7 November 2023
regarding the divestment of Message Broadcast. LINK has today closed the
transaction in accordance with previous communication and completed the
divestment. 

Message Broadcast was divested at an enterprise value of USD 260 million,
including an earnout of up to USD 30 million. The purchase price payable at
closing was USD 214,6 million in cash after customary closing adjustments
related to customer prepayments on long-term contracts and a USD 10 million
seller note with a cash interest of 5% p.a. maturing in the summer of 2025. In
addition, LINK is entitled to up to USD 30 million in a cash earnout based on
Message Broadcast's 2024 performance. The earnout is linear from USD 7.5 million
and increasing with revenue growth. The starting point reflects modest growth
expectations, whilst the end point requires growth in-line with historic
performance for Message Broadcast.

AGP Advokater (Norway) and Paul Hastings LLP (US) acted as legal advisors to
LINK in connection with the transaction.


For further information, please contact

Tom Rogn, VP Investor Relations 
+47 94 85 56 59 
tom.rogn@linkmobility.com 


About LINK Mobility 

LINK is an award-winning, leading global provider of mobile messaging and
communications platform as a service (CPaaS) solutions for increased engagement.
The company serves enterprise, SME and government customers. LINK offers a wide
range of innovative and scalable mobile solutions, creating valuable digital
convergence between businesses and customers, governments and citizens,
platforms and users. LINK has 50 thousand active customer accounts globally and
exchanges 17 billion messages a year. LINK is listed on the Oslo Stock Exchange
under the ticker LINK. For more information about LINK, please see
www.linkmobility.com and follow LINK Mobility on LinkedIn.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.