Oslo, Norway, 24 February 2021 – Reference is made to the stock exchange announcement by Kahoot! AS (the “Company”) made on 12 February 2021, regarding the additional consideration of USD 5,747,692 (the “Additional Consideration”) in connection with the acquisition of PlanB Labs OÜ (“Drops”), and the resolution to increase the share capital of the Company with NOK 12,161.80 by the issuance of 121,618 consideration shares to the shareholders and option holders of Drops at a subscription price of NOK 116.30 per share. The share capital increase related to the issuance of these consideration shares has now been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Following such registration, the registered share capital of the Company is NOK 44,621,358.5, divided into 446,213,585 shares, each with a nominal value of NOK 0.10.

About Kahoot!

Kahoot! is on a mission to make learning awesome! We want to empower everyone, including children, students, and employees to unlock their full learning potential. Our learning platform makes it easy for any individual or corporation to create, share, and play learning games that drive compelling engagement. In addition, our family of apps takes math learning to a new level and empowers children to learn to read through play. Learners of all ages can make language learning natural with immersive visuals and play through our Drops apps. Organizations can connect and engage their work teams with Actimo, our employee engagement platform. Launched in 2013, Kahoot!’s vision is to build the leading learning platform in the world. In the last 12 months, more than 250 million games have been played on the Kahoot! platform with 1.5 billion participating players in 200 countries. The company is headquartered in Norway with offices in the US, the UK, France, Finland, Estonia, Denmark and Spain. Let’s play!

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This information is subject to the disclosure requirements pursuant to Euronext Growth’s continuing obligations.