Ice Group ASA – New share capital registered

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

2 September 2019 – Reference is made to the minutes from the extraordinary general meeting in Ice Group ASA (the “Company”) on 15 June 2018, whereby all shareholders in AINMT Holdings AB were offered to swap their shares in AINMT Holdings AB with shares in the Company. All 20 shareholders (excl. the Company) in AINMT Holdings AB accepted this offer. On 19 July 2018, the share capital increase relating to the issue of shares to 14 of such shareholders was registered in the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Today, the share capital increase relating to the remaining 6 shareholders in AINMT Holdings AB, comprising of 349,448 new shares (the “New Shares”) has been registered in the Norwegian Register of Business Enterprises.

Following the registration of the share capital, AINMT Holdings AB has become a wholly-owned subsidiary of the Company. The registered share capital of the Company is NOK 181,524,654.90 comprising of 201,694,061 shares, each with a nominal value of NOK 0.90.

The New Shares will be registered with the VPS under the Company’s ISIN NO NO0010734742 and be traded on Oslo Axess under the Company’s trading symbol “ICE”. Such trading of the New Shares will commence today.

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