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Mandatory notification of trade

28 August 2019

28 August 2019 – Reference is made to the announcement dated 19 September 2018, regarding all shareholders in AINMT Holdings AB accepting the offer to swap their shares in AINMT Holdings AB with shares in Ice Group AS (now Ice Group ASA).

Eivind Helgaker, CEO of Ice Group ASA, has today subscribed to swap his shares in AINMT Holdings AB with new issued shares in Ice Group ASA.

Prior to the share swap, Eivind Helgaker, both privately and through Eivhelg AS, a company controlled by Eivind Helgaker, held a total of 138,130 shares in AINMT Holdings AB and 14,346 shares in Ice Group ASA.

Following the share swap, Eivind Helgaker holds a total of 152,476 shares in Ice Group ASA, of which 147,976 are held through Eivhelg AS and 4,500 shares are currently held privately, but is in the process of being moved to Eivhelg AS. Helgaker also holds 545,000 share options in Ice Group ASA.

Helgaker’s swap of shares in AINMT Holdings AB with shares in Ice Group ASA has been conducted as contribution-in-kind at a value of NOK 21.31 per share, equivalent to the average share price between 1 January 2019 and 27 August 2019.

The registration of the share capital increase connected to the above-mentioned transaction is expected to take place tomorrow, Thursday 29 August 2019.

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 in Norway and Denmark. In Norway, the company operates a pure 4G mobile network, providing smartphone, m2m, IoT and mobile broadband services to B2C and B2B customers. 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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This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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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