Hawk Infinity Software AS - Agreements on Acquisitions

Hawk Infinity Software AS ("HIS") has entered into agreements for theacquisition of 100% of Bazoom Group Aps ("Bazoom") and Infosoft AS("Infosoft").

Bazoom is a digital platform provider of search engine optimization and onlineadvertising software. Based in Denmark, the company has built up a leadingposition among end-customers, advertising agencies and affiliates within itsdomain with established partnerships with an extensive and growing network ofmedia partners.

Based in Oslo, Norway, Infosoft has leveraged extensive media industryexperience to develop the subscription management software INFO-Subscription.INFO-Subscription is a market leading platform for handling high-volume,complexrevenue models like subscriptions and rentals.

Bazoom and Infosoft have combined LTM pro forma EBITDA of NOK 77m as ofSeptember 2024, with strong underlying year-over-year growth on top line andbottom line. The acquisitions are closed at an upfront enterprise value of NOK477m. A limited additional contingent consideration will be granted if certainrelatively ambitious free cash flow growth targets are met over the comingyears.

The acquisitions will be funded by available liquidity, release from theescrowaccount and an equity issue in HIS towards Hawk Infinity AS.

For further information please contact:

Joakim Stavnes Karlsen Chief Executive Officer Tel: +47 483 88 583 E-mail: jk@hawk.no

Lars Fredrik Revling Chief Financial Officer Tel: +47 412 22 772E-mail: lr@hawk.no

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