Vizrt : Merger agreement with Nordic Capital expected to complete on 19 March 2015 – Action required by shareholders to receive payment

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Bergen, Norway, 18 March 2015, Vizrt Ltd. (Oslo Main List: VIZ).

Reference is made to the announcement of 10 November 2014 regarding the entry into by Vizrt Ltd. ("Vizrt" or the "Company") of a merger agreement (the "Merger Agreement") with 24 October Holding AG, an entity indirectly controlled by Nordic Capital Fund VIII[1], and NOR Merger Sub Ltd. (which is a wholly-owned subsidiary of 24 October Holding AG), pursuant to which Nordic Capital Fund VIII will pay a cash consideration of NOK 37 (less withholding tax, if applicable) per Vizrt share for 100% of the issued share capital of the Company by way of a reverse triangular merger between NOR Merger Sub Ltd. and the Company (the "Merger").

It is expected that completion of the Merger will take place as of tomorrow 19 March 2015. If the merger is completed as planned, the shares in the Company will no longer be tradable and the shares will be suspended from trading on the Oslo Stock Exchange prior to start of trading tomorrow 19 March 2015.

Payment of the merger consideration to the shareholders in Vizrt as of the date of completion ("Completion Date") will be subject to statutory Israeli withholding tax regulations, however shareholders who hold less than 5% of the issued share capital and who are not Israeli residents for tax purposes will be exempt from withholding tax. In order for Carnegie AS, who is engaged as the paying agent in connection with completion of the Merger, to be allowed to settle all payments to the shareholders correctly and in accordance with Israeli tax requirements as set out in the Withholding Ruling, each shareholder, holding less than 5% of the issued share capital of the company, will be required to complete, and return to Carnegie AS, a tax declaration form together with a payment form, before any payment can be made to such shareholder.

The tax declaration form and payment form will, on or about 23 March 2015, be sent to all shareholders registered in the VPS. Due to said documentation requirements and the fact that all of the tax declaration forms must be sent to an Israeli agent for their review before any payment can be made, it is expected that settlement to each shareholder will take place within about 10 business days from the time of receipt of duly completed tax declaration form and payment form by Carnegie AS for shareholders delivering such forms during the first four weeks after completion of the merger. Shareholders who are non Israeli residents for tax purposes and hold 5% or more of the issued shares of the company will be required to provide the Israeli Tax Authorities with additional documentation evidencing ultimate shareholding and tax domiciles in order to be exempt from Israeli withholding tax.

The tax declaration form and the payment form will also be available at the Company's web sitewww.vizrt.com .

[1]Nordic Capital VIII Limited, acting in its capacity as General Partner of Nordic Capital VIII Alpha, L.P. and Nordic Capital VIII, Beta L.P.