Approval of closely related party transaction

Aa announced in the Company's press release published on 29 January 2021, the Company has entered into an agreement regarding the acquisition of 94.50 percent of 24SevenOffice US Inc and 51 percent of Masterplan Inc and all the European IPR to the 24SevenOffice (the "Transaction").

The extra general meeting resolved to approve the Transaction in accordance with the Swedish Securities Council's ruling AMN 2019:25.

Subject to other customary conditions being fulfilled, completion of the Transaction is expected on 1 April 2021.

For additional information on the Transaction please refer to the press release which was announced by the Company on 29 January 2021.

Proposals regarding the resolution of the general meeting as described above can be found in the notice of the extra general meeting and in the proposal and board report, which are available on the Company's website.

For further information please contact:

Ståle Risa, CEO

Tel: +46 70-023 63 03, str@24sevenoffice.com

24SevenOffice in brief

24SevenOffice's vision is to empower businesses for the future, through delivering world class cloud based business systems to small and medium-sized companies. The system is currently used by 59,900 companies in the Nordic region, with PwC, among others, as accounting partner. The business system is module-based, where the modules are provided independently or packaged as complete solutions. For more information see www.24sevenoffice.com