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De-merger registered

4 September 2018

4 September 2018 – Reference is made to the announcement by ice group AS on 23 August 2018 regarding the de-merger of ice group’s non-Scandinavian assets (the “de-merger”). The de-merger has now been registered in the Norwegian Register of Business Enterprises. The de-merger will not change the number of shares in ice group AS, but reduce the par value of each share from NOK 1.00 to NOK 0.90. Following the de-merger, the share capital of ice group AS will be NOK 44,400,635.10 divided into 49,334,039 shares with par value of NOK 0.90 per share.

Shareholders in ice group AS as of today, 4 September 2018, will receive one share in the de-merged entity, Net1 International Holdings AS, for every share they hold in ice group AS. Hence, the shares of ice group AS will be traded ex the right to receive de-merger consideration as of tomorrow, 5 September 2018.

The de-merged entity, Net1 International Holdings AS, consists of the joint ventures in Indonesia and the Philippines. Net1 International Holdings AS intends to apply for having its shares quoted on the NOTC list.

ENDS

For further information, please contact:
Investors: Henning Karlsrud, CFO of ice group, tel: +47 93 04 53 89
Media: Eivind Helgaker, CEO of ice group, tel: +47 95 88 30 35

These materials are not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. ice group AS does not intend to register any part of any offering in the United States or to conduct a public offering in the United States.

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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