Mercell Holding - Mandatory notification of trade by primary insider

Oslo, 14 April 2021: Reference is made to Mercell Holding AS' ("Mercell" or the "Company") stock exchange announcement published earlier today, on 14 April 2021, regarding inter alia the board of directors' resolution to increase the Company's share capital with NOK 106,114 by the issuance of 530,570 new shares, each with a nominal value of NOK 0.20, in order to facilitate an exercise of 530,570 options pursuant to the Company's share option program. Primary insider, Geir Henning Pettersen, CTO of Mercell, has today exercised 530,570 share options under his share option agreement and subscribed for 530,570 new shares in the Company following the exercise of options. The exercise price for the options was NOK 1.50 per new share. Following the option exercise and subscription of new shares and the registration of the share capital increase pertaining to the new shares with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret), Geir Henning Pettersen holds 630,570 shares and 233,451 options in Mercell. Please refer to the attached notification of trading for further details. For further information please contact: CFO Fredrik Eeg Cell: +47 90 83 33 78 Email: Fredrik.eeg@mercell.com This is Mercell: Mercell is a leading digital platform for public eTendering and entered the eProcurement market in 2020. The company has approximately 2,200 pre-award buyers, 330 post-award buyers and some 26,600 suppliers as customers. Mercell's unique marketplace simplifies the tender and procurement process and makes it easy and secure for buyers to find relevant suppliers for their tenders and purchasing needs, and enables suppliers to find relevant business opportunities and receive and handle purchases from public and private buyers. Mercell delivers services to public and private buyers in 13 European countries with the goal of becoming the leading software-as-a-service (SaaS)-platform for eTendering and eProcurement in Europe. Through the acquisition of Negometrix in February 2021, Mercell also became market leader in the Netherlands and established a foothold in the US market.