(Oslo, 15 September 2020) MRCEL-ME: Mercell Holding (Mercell) delivered
year-on-year revenue growth of 110% to NOK 68.4 million in the second quarter
and 110% to NOK 125.4 million for the first half year 2020. Organic revenue
growth was 34% in the second quarter. Annual Recurring Revenue (ARR) increased
by 123% year-on-year to NOK 299 million at the end of June, with acquisitions
adding to the 34% organic ARR growth.

EBITDA increased to NOK 12.5 million in the second quarter (3.1) and to NOK 15.1
million in the first half year 2020 (5.5). Adjusted EBITDA - excluding special
cost items - increased to NOK 18.8 million in the second quarter (6.0) and NOK
25.1 million for the first half year (8.5). Adjusted EBITDA-margin was 25% in
the second quarter and 19% for the first half year.

Mercell's ambition is to grow ARR to 650 million in 2025, with acquisitions
adding further upside potential. The company reiterates its ambition to
strengthen the profitability from an adjusted EBITDA-margin of 20% in 2020 to
40% by 2025, through economies of scale, product development and improved
efficiency.