Reference is made to the stock exchange announcement from LINK Mobility Group
ASA on the 22nd of March 2018 regarding the signing of a definitive agreement
for the acquisition of Italian mobile messaging company SMS Italia Srl (SMS.it) 

SMS.it is one of the leading mobile messaging providers in Italy. Established in
1996, SMS.it was the first in the world to provide mobile Internet services and
the first mobile messaging provider on a global scale. Located in Milan, with
offices in Bologna, SMS.it is a mobile operator owning an independent mobile
network, fixed network, signaling and SS7 interconnection, and has in place
interworking agreements with all the Italian mobile operators and the primary
MVNOs. SMS.it doubled its revenues every year in last two years. 

Link Mobility has today completed the acquisition of SMS.it by acquisition of
all shares in SMS Italia Srl from the seller A2P Ventures Ltd.
The acquisition was completed based on the agreed enterprise value of EUR 10.333
million on a cash-free and debt-free basis. The enterprise value is based on an
updated adjusted EBITDA for 2017 of EUR 1.497 million multiplied by a factor of
6.9.

Due to LINK Mobility's solid cash position after a strong cash flow from its
operations and the successful placements of EUR 50 million bond in February 2016
and EUR 30 million tap issue in November 2017, the cash part of the transaction
will be fully financed through LINK Mobility's corporate funds.


Aabø-Evensen & Co Advokatfirma AS, DLAPiper Italy and BDO Italy are acting as
advisors to LINK in connection with the above-mentioned transactions.

For further information, please contact:

Arild Hustad, CEO
LINK Mobility Group ASA
arild.hustad@linkmobility.com
Mob: +47 95 24 19 30
About LINK Mobility Group ASA

LINK Mobility Group ASA is Europe's leading provider within mobile
communications, specializing in messaging, digital services and data
intelligence. The Group offers a wide range of innovative and scalable solutions
across industries and sectors, creating valuable digital convergence between
businesses and customers, platforms and users. The Group is headquartered in
Oslo/Norway and is listed on the Oslo Stock Exchange (ISIN: NO0010219702). LINK
Mobility continues to experience strong organic growth as clients move more
business activities onto the mobile platforms. In 2017, LINK Mobility had a
total turnover of 1,294 billion NOK with offices in Norway, Sweden, Denmark,
Finland, Estonia, Latvia, Bulgaria, Germany, Spain, Poland, France, Switzerland,
Austria and Italy.