Reference is made to the announcement byLINK Mobility (LINK) on7 November 2023 regarding the divestment of Message Broadcast. LINK has today closed the transaction in accordance with previous communication and completed the divestment. Message Broadcast was divested at an enterprise value ofUSD 260 million , including an earnout of up toUSD 30 million . The purchase price payable at closing wasUSD 214,6 million in cash after customary closing adjustments related to customer prepayments on long-term contracts and aUSD 10 million seller note with a cash interest of 5% p.a. maturing in the summer of 2025. In addition, LINK is entitled to up toUSD 30 million in a cash earnout based on Message Broadcast's 2024 performance. The earnout is linear fromUSD 7.5 million and increasing with revenue growth. The starting point reflects modest growth expectations, whilst the end point requires growth in-line with historic performance for Message Broadcast.AGP Advokater (Norway) andPaul Hastings LLP (US) acted as legal advisors to LINK in connection with the transaction. For further information, please contactTom Rogn , VP Investor Relations +47 94 85 56 59 tom.rogn@linkmobility.com AboutLINK Mobility LINK is an award-winning, leading global provider of mobile messaging and communications platform as a service (CPaaS) solutions for increased engagement. The company serves enterprise, SME and government customers. LINK offers a wide range of innovative and scalable mobile solutions, creating valuable digital convergence between businesses and customers, governments and citizens, platforms and users. LINK has 50 thousand active customer accounts globally and exchanges 17 billion messages a year. LINK is listed on theOslo Stock Exchange under the ticker LINK. For more information about LINK, please see www.linkmobility.com and followLINK Mobility on LinkedIn. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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