Oslo, Norway, 28 November 2020 - Reference is made to Kahoot! AS' announcement
made on 24 November 2020, regarding the acquisition of all shares in PlanB Labs
OÜ ("Drops"). The acquisition has now been completed and the initial
consideration for the Drops shares has been settled by a combination of cash and
new Kahoot! shares to be issued.<br />
 <br />
The Board of Directors of Kahoot! has accordingly resolved to increase the share
capital of Kahoot! with NOK 85,916.90 by the issuance of 859,169 consideration
shares to the shareholders of Drops at a subscription price of NOK 62.63 per
share in accordance with the Drops share purchase agreement. The selling
shareholders of Drops have entered into lock-up agreements with Kahoot! pursuant
to which the consideration shares are subject to a lock-up period of two years
from completion of the acquisition. Following this share issue there will be
446,091,967 issued and outstanding shares in Kahoot! <br />
<br />
For further information please contact: <br />
<br />
Eilert Hanoa, CEO <br />
Phone: +47 928 32 905 <br />
Email: eilerth@kahoot.com <br />
<br />
Ken Østreng, CFO <br />
Phone: +47 911 51 686 <br />
Email: keno@kahoot.com <br />
<br />
<br />
About Kahoot! <br />
Kahoot! is on a mission to make learning awesome! We want to empower everyone,
including children, students, and employees to unlock their full learning
potential. Our learning platform makes it easy for any individual or corporation
to create, share, and play learning games that drive compelling engagement. In
addition, our family of apps takes math learning to a new level and empowers
children to learn to read through play. Organizations can also connect and
engage their work teams with Actimo, our employee engagement platform. Launched
in 2013, Kahoot!'s vision is to build the leading learning platform in the
world. In the last 12 months, more than 200 million games have been played on
the Kahoot! platform with over one billion participating players in 200
countries. The company is headquartered in Norway with offices in the US, the
UK, France, Finland, Denmark and Spain. Let's play!<br />
<br />
About Drops<br />
Drops teaches the essentials of language - alphabets and vocabulary - by
combining engaging word puzzles with visual association. With 42 languages and
25 million users since launch and counting, Drops is one of the fastest-growing
language platforms in the world. The app's 5-minute sessions of swipe-based word
games are fast, fun, and effective and quickly become as second nature as an
Instagram scroll. Drops' companion apps Scripts teaches learners how to read and
write (and in the case of ASL, sign) 4 alphabets and 4 character-based writing
systems, and Droplets is designed specifically to teach foreign languages to
kids aged 8-17. In 2018, Google named Drops the best app of the year, and in
2019 Fast Company named Drops as one of the top 10 most innovative education
companies in the world. The Drops suite of apps - Drops, Scripts and Droplets
are available for free on iOS and Android.

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