Mercell publishes Annual Report 2021

Oslo, 25 March 2022: Mercell Holding ASA (Mercell) today publishes its Annual
Report 2021. The report is attached to the present release and can also be found
on www.investor.mercell.com/reports-and-presentations. 

There were no changes in the financial results compared to the results which
were presented in the interim report for the fourth quarter on 24 February 2022.

Mercell had annual recurring revenue (ARR) of NOK 793 million at the end of
2021, up 44% from the end of 2020. Revenue increased +126% to NOK 706 million,
with EBITDA improving to NOK 105 million from a negative NOK 24 million in 2020.
Adjusted EBITDA amounted to NOK 173 million in 2021, excluding M&A costs and
special cost items, corresponding to a margin of 24%. 

The operating result (EBIT) showed a loss of NOK 84 million compared to a loss
of NOK 76 million in 2020. Loss before tax amounted to NOK 116 million for the
year, compared to a loss of NOK 154 million in 2020. 

Mercell's general meeting is scheduled for 11 May 2022.

For further information, please contact:
CEO Terje Wibe
Cell: +47 90 83 79 98
Email: terje.wibe@mercell.com

About Mercell Holding:
Mercell delivers services to public and private buyers and our goal is to become
the leading software-as-a-service (SaaS)-platform for e-tendering and
procurement in Europe. Mercell is already a leading platform for public
e-tendering and entered the procurement market in 2020, and services
approximately 30,000 customers across 15 European markets and in the US.
Mercell's unique marketplace simplifies the tender and procurement process and
makes it safe and easy for buyers to find relevant suppliers for their tenders
and daily purchasing needs. We also ensure suppliers find relevant business
opportunities and offer tools for suppliers to digitally receive and handle
purchases from public and private buyers.