Oslo, 27 August 2020 | LAVO.TV AS | Merkur Market: LAVO-ME 

Reference is made to the convertible loan agreement entered into with European
High Growth Opportunities Securitization Fund (the ‘Investor’) on 10 June 2020.

The Investor has submitted a notification of conversion of the amount of NOK
3,000,000 convertible to 60,000,000 new shares in Lavo.tv AS at a conversion
price of NOK 0.05 per share. 

Following the conversion, the balance of the convertible loan dated 10 June 2020
is NOK 5,750,000.

Following the conversion, the total number of issued shares in Lavo.tv AS will
be 325,337,112 shares.

The New Shares will be listed on Merkur Market as soon as practically possible
after registration of the share capital increase in the Norwegian Register of
Business Enterprises. 

For further information, please contact:

Lars Christian Beitnes
CEO 
E-mail: lb@lavo.tv 

About LAVO.TV AS: 
Lavo.tv was launched in 2017 as a mobile service around existing TV concepts,
providing live highlights and extra content. As sport is becoming increasingly
central to the strategy of several TV companies, Lavo.tv is committed to
becoming the service where all mobile users will be able to find highlights,
both live and editorial, from all attractive TV-broadcast sports. Lavo.tv has
established itself as a leading technology partner for the TV industry and
provides end-user services through the Lavo app based on AI for video
management. 

Lavo.tv AS is listed on Merkur Market, maintained by Oslo Stock Exchange with
the ticker LAVO-ME.