Mandate announcement and contemplated bond issue

17 September 2019 – Ice Group ASA’s subsidiary Ice Group Scandinavia Holdings AS has mandated DNB Markets and Pareto Securities to arrange a series of fixed income investor meetings commencing today, 17 September. A min. NOK 500 million senior unsecured 4 years floating rate issue may follow, subject to market conditions. Net proceeds from the contemplated bond issues will be used for general corporate purposes.

In conjunction with the contemplated bond issue, the company may offer a conditional buyback of its outstanding bond IGSH01 (ISIN NO0010789035).

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.