Data Respons ASA

BOARD RECOMMENDS VOLUNTARY CASH OFFER FROM AKKA TO ACQUIRE ALL SHARES IN DATA RESPONS

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BOARD RECOMMENDS VOLUNTARY CASH OFFER FROM AKKA TO ACQUIRE ALL SHARES IN DATA RESPONS

- Voluntary cash offer (the “Offer”) for all outstanding shares in Data Respons ASA (“Data Respons”; OSE: DAT) of NOK 48.00 per share from AKKA Technologies SE (“AKKA”, the “Offeror”), valuing the total share capital of Data Respons at approximately NOK 3.7 billion on a fully diluted basis.

- Shareholders representing approximately 43% of the shares have given pre-acceptances to the Offer, subject to customary conditions.

- The Board of Directors of Data Respons unanimously recommends the Offer.

Oslo, 19 December 2019. AKKA Technologies SE (“AKKA”, the “Offeror”) and Data Respons ASA (“Data Respons”; OSE: DAT) today announced that AKKA will offer to acquire all of the shares of Data Respons through a voluntary cash offer of NOK 48.00 per share. The Board of Directors of Data Respons has unanimously decided to recommend the shareholders of Data Respons to accept the Offer. The recommendation is supported by an independent fairness opinion provided by Handelsbanken. Data Respons is listed on the Oslo Stock Exchange and AKKA is listed on Euronext Paris and Euronext Brussels.

At the time of this announcement, shareholders representing approximately 43% of the total share capital of Data Respons have already given their pre-acceptances to the Offer, subject to customary conditions. This includes pre-acceptances from each of the members of the Board of Directors and executive management holding shares in Data Respons, which represent approximately 7% of Data Respons’ issued share capital.

AKKA and Data Respons have entered into a transaction agreement (the “Transaction Agreement”) regarding acquisition of Data Respons by the Offeror. Under the terms of the agreement, the Offeror will put forward a recommended voluntary cash offer (the “Offer”) pursuant to the Norwegian Securities Trading Act for all of the shares of Data Respons.

Kenneth Ragnvaldsen, CEO of Data Respons said: “The proposed acquisition of Data Respons, by AKKA, gives our team an increased potential for development and the two companies are definitively a good strategic match. We share the same values as well as the passion for innovation as AKKA. This transaction can create value for our customers and is an outstanding opportunity to showcase the talent of our fantastic employees, which is the heart, soul and value of our company.”