Update on sale of Ice Group Scandinavia Holding AS

Reference is made to the announcement of 18 February by ICE Group ASA (the "Company") regarding a sale of Ice Group Scandinavia Holding AS and associated assets to Lyse AS, and the notice dated 4 March 2022 regarding entering into a definitive sale and purchase agreement. The Company has today been informed by the Norwegian Competition Authority ("NCA") that the case has been processed and closed with the NCA. Completion of the Transaction is still subject to certain regulatory approvals. Closing of the Transaction is targeted for the end of March.

Lazard, DNB Markets, a part of DNB Bank ASA and Pareto Securities AS are acting as financial advisors to the Company and Advokatfirmaet Gisvold AS and Ro Sommernes advokatfirma DA are acting as legal advisors to the Company. Advokatfirmaet Wiersholm AS is acting as legal advisor to the Company's Board of Directors.

Disclosure regulation

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.