LINK expects to receive NOK 167 million in earn-out from Message Broadcast divestment

Reference is made to the divestment of US based entity Message Broadcast, as completed on 3 January 2024, where consideration amount comprised of an earn-out related to full year 2024 revenue in Message Broadcast.

The Buyer has updated LINK on its unaudited revenue for Message Broadcast for the full year 2024 and this impacts earn-out amount receivable in LINK. Based on the Message Broadcast unaudited results, LINK will recognize a reduction in the earn-out receivable of NOK 129 million in the fourth quarter results, impacting discontinued operations in the income statement and will be a non-cash adjustment.

Based on the SPA, an audit process on the Message Broadcast results, including the earn-out, will follow.

After the reduction, total outstanding receivables related to the divestment of Message Broadcast are NOK 286 million, whereof NOK 119 million in seller's credit and NOK 167 million in earn-out.

For further information, please contact:

Morten Løken Edvardsen, CFO & VP Investor Relations +47 90 56 15 89 ir@linkmobility.com

About LINK 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 more than 50,000 active customer accounts globally and exchanges more than 19 billion messages a year. LINK is listed on the Oslo Stock Exchange under the ticker LINK. For more information about LINK, please see www.linkmobility.com and follow LINK Mobility on LinkedIn.

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