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Closing of Komplett Mobil transaction

25 April 2019

25 April 2019 – Reference is made to the announcement dated 18 March 2019 regarding Ice Group ASA’s subsidiary company Ice Communication Norge AS’ ("Ice") agreement to acquire the customer base of the Norwegian mobile virtual network operator Komplett Mobil AS ("Komplett Mobil"). Ice has today closed all conditions to complete the acquisition of Komplett Mobil’s customer base.

Migration of customers will start immediately and will last until June 2019. Komplett Mobil’s customers do not need to take any action in connection with the transfer of their customer relationship before they receive relevant information from ice.

Ice will pay Komplett Mobil an estimated amount of approximately NOK 105 million for the customer base. The amount can increase or decrease depending on how many Komplett Mobil customers that remain customers of Ice following the migration process.

ENDS

For further information, please contact:

Investors: Henning Karlsrud, CFO of Ice Group, tel: +47 930 45 389

Media: Endre Aaberg Johansen, Corporate Communications AS, tel: +47 416 10 605, email: endre.johansen@corpcom.no

About Ice Group ASA

Ice Group is a telecommunications company with nationwide networks within each of its territories. In Norway, the company operates a pure 4G mobile network, providing smartphone, m2m, IoT and mobile broadband services to B2C and B2B customers. Its Norwegian business was the fastest growing mobile network operator in Europe in 2017. Ice Group also offers mobile broadband, m2m and IoT services in Denmark through its own network. For more information, see www.icegroup.com.

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For media enquiries to Ice Group, please contact:

Endre Aaberg Johansen - Corporate Communications AS
Tel: +47 41 61 06 05
Email: endre.johansen@corpcom.no