Oslo Børs, in capacity as take-over supervisory authority, has approved payment
guarantee pursuant to the Securities Trading Act section 6-22 3rd sub-section
no. 3 in connection with compulsory acquisition ("squeeze-out") of shares in
Mercell Holding ASA without preceding mandatory offer. In this respect, Oslo
Børs has also considered the other relevant conditions applicable for the
exemption to present a mandatory offer pursuant to the Securities Trading Act
section 6-22 3rd sub-section.
Spring Bidco (Norway) AS has resolved to effect a compulsory acquisition of the
shares in Mercell Holding ASA not already held by Spring Bidco (Norway) AS
pursuant to the Public Limited Liability Companies Act section 4-25.
The price offered under the compulsory acquisition is NOK 6.30 per share, which
would have been the minimum offer price for a mandatory offer from Spring Bidco
(Norway) AS to the shareholders of Mercell Holding ASA.
Attached is a copy of the guarantee document issued by Skandinaviska Enskilda
Banken AB (publ) Oslofilialen, for the benefit of those that are subject to the
compulsory acquisition. The guarantee document includes, amongst other,
information on the deadline for presenting claims under the guarantee, the
address for delivery of claims and the documentation that must be submitted.