Oslo, 17 April 2023 at 12:10 CEST: Sikri Group's fully owned subsidiary Metria
AB has entered into an agreement to divest the Planning and Surveying (P&S)
business area in Sweden to Sweco Sverige AB, focusing further on scalable
software and software related services. The agreed purchase price for the
business unit is SEK 52.5 million.

P&S comprises a leading consultancy business related to urban and community
planning, aerial photography and laser scanning as well as surveying services
related to the entire construction value chain. The unit had 110 employees at
the end of 2022, and 2022 revenue of SEK 138 million.

"We see strong demand for data driven solutions that simplify and streamline
processes for the public sector and the real estate industry. Sikri Group is
well positioned as a leading Nordic software provider in these sectors and
following the divestment of P&S, we will sharpen focus even further on our core
business, which is software and services directly related to our software
offering," said CEO of Sikri Group Nicolay Moulin.

Sikri Group gained a strong footprint in the Swedish market through the
acquisition of the Swedish software and geoinformation company Metria in April
2022. The integration of Metria has progressed well with a range of initiatives
to streamline the business, improve profitability, and extract synergies in the
form of product development and cross sales combination with the Norwegian part
of Sikri Group. Following the divestment of P&S, Metria will be fully focused on
geodata, property and real estate data, software and services. Key customers are
Swedish government agencies, municipalities, finance institutions, telcos, and
energy companies. Excluding the P&S business area, Metria's annual recurring
revenue (ARR) was SEK 113 million at the end of 2022. 

"We are strengthening our focus on being the market leader in digital data and
analysis services within GIS, geodata, business and real estate information.
Meanwhile, Metria's planning and surveying operations become part of Sweco,
which brings new opportunities for the business' customers and employees," said
CEO of Sikri Group Nicolay Moulin.

The transaction will be consummated as a carve-out of the P&S business from
Metria. Closing of the transaction is subject to certain third party approvals
being obtained and that the P&S business is being separation ready as agreed
between the parties and is expected to take place 2 May 2023. The purchase price
will be fully paid in cash. As part of the transaction, a customary transitional
service agreement for certain services to be offered for a period following
closing will be entered into between the parties.

"The divestment implies a further improvement of the capital structure of Sikri
Group, which means that we reinforce our solid platform for organic growth
supplemented by targeted M&A," said Nicolay Moulin.

For further queries, please contact:

Sikri Group ASA:
Nicolay Moulin
Chief Executive Officer
Tel: +47 90 59 19 83
Email: Nicolay.moulin@sikri.no 

Camilla Aardal
Chief Financial Officer
Tel: +47 97 10 51 55
Email: Camilla.aardal@sikri.no

About Sikri Group ASA 

Sikri Group is a software house providing highly specialized software and
services towards the public sector and a leading company within property data,
property technology and data economics in the Nordics. Our customer base spans
public sector as well as private businesses within real estate, banking,
insurance, property developers, media companies, builders, property owners,
taxation companies, engineers, power companies and building materials
production. We create value for public sector, private businesses, and citizens,
with an innovative approach to the use of data and data analysis. Our ambition
is to build the leading Nordic ecosystem for public administration, property
technology, analysis and data.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation, and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. The stock exchange
announcement was published by Camilla Aardal, CFO of Sikri Group ASA, at the
date and time as set out above.

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