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SPEQTA CLOSES THE ACQUSITION OF RAHALAITOS

31 JANUARY 2020

INSIDE INFORMATION: Speqta AB (publ) (”Speqta” or the “Company”) has today closed the acquisition of Eone OY (“Eone”), who owns Finland’s largest online brand within loan brokerage Rahalaitos.fi for an initial consideration of euro 23.5 million, plus an additional consideration of up to a maximum of euro 18.63 million based on Eone’s achieved EBITDA for 12 and 24 months, respectively. The transaction is in line with Speqta’s previously communicated strategy within performance based online marketing. Through the transaction, Speqta will strengthen its position in the value chain by adding a brokerage vertical to its existing affiliate service.

Speqta has today completed the acquisition of Eone, who operates the market leading loan broker service Rahalaitos.fi with 13 employees. Rahalaitos has approximately 25 connected lending partners and is used by consumers and companies to simplify decision making by comparing loan offerings and present the most lucrative loan offerings. The Acquisition is in line with Speqta’s focus within the finance vertical and expands the business geographically. Since Rahalaitos is a loan broker, thus having direct agreements with lending partners, the acquisition also allows Speqta to take a step forward in the value chain. During the first nine months of 2019 (January – September 2019), Eone generated revenue and EBITDA of approximately SEK 114 million1 and approximately SEK 44 million1, respectively, and EBIT of approximately SEK 43 million1. The acquisition will be consolidated as from 1 February 2020. Through the acquisition, Speqta will more than double the consolidated revenue, and EBITDA will improve substantially, and the cash flow will improve significantly.

We are pleased to state that Speqta has completed the strategic acquisition of Eone OY and thereby Finland’s largest online brand within loan brokerage Rahalaitos.fi. The acquisition is transformative both strategically and financially. Strategically since Speqta broadens its offering within comparison sites and the finance vertical by becoming a broker. Financially since, based on the acquisition’s former result, Speqta will more than double its revenue at the same time as the result and cash flow will improve significantly”, says Fredrik Lindros, CEO at Speqta.

The total initial consideration has amounted to euro 23.5 million, whereof euro 16.5 million, equivalent to SEK 175.6 million2, has been paid in cash. Remaining euro 7.0 million, equivalent to SEK 74.5 million3, has been paid to the seller through an issue in kind of 10,121,375 shares in Speqta. The share consideration was based on the Volume Weighted Average Price on Nasdaq First North Premier Growth Market from the period commencing at 30 December 2019 up to and including 15 January 2020, which amounted to SEK 7.27. In addition, an additional consideration of up to euro 18.63 million based on Eone’s achieved EBITDA for 12 and 24 months might be paid.

Speqta has added assets of a total of approximately SEK 358.1 million to the balance sheet. The final value of the capital contributed in kind has been determined, in accordance with applicable accounting principles, based on yesterday’s average share price which amounted to SEK 7.52 and the currency rate of 10.643 SEK/EUR.

To finance the cash consideration of the initial consideration, Speqta has obtained funding from a leading Nordic bank of euro 11.75 million, equivalent to SEK 125 million4, and issued new shares in Speqta to a value of approximately SEK 125 million through an accelerated book building procedure which was conducted and communicated on 20-21 January 2020. Surplus capital will be used to strengthening the working capital and liquidity of the Company for continued development of the Company’s business.

The issue in kind was resolved by the Company’s board of directors on 31 January 2020, pursuant to the authorization granted by the annual general meeting of 13 May 2019, and will lead to an increase of the share capital with SEK 5,060,687.50 and a dilution of approximately 15.35 per cent. The dilution has been calculated as the number of issued new shares, divided with the total number of shares following the new issue. Following registration with the Swedish Companies Registration Office, the total number of shares in Speqta will amount to 65,917,725.

RESPONSIBLE PARTIES

This information is information that Speqta AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information in this press release has been published through the agency of the below persons, at the time stated by Speqta AB's (publ) news distributor Cision at publication of this press release. The below persons may also be contacted for further information.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Fredrik Lindros

VD Speqta AB (publ)

Fredrik.lindros@speqta.com

+46 723 10 66 66

ABOUT SPEQTA

Speqta is a digital media house that owns and operates a leading international advertising network as well as several digital products and services within the performance-based marketing of e-commerce stores. Speqta has two business areas: Speqta Shopping and Speqta Food & Beverage. The company is listed on Nasdaq First North Premier Growth Market in Stockholm under the ticker "speqt.". The company's Certified Adviser is Västra Hamnen Corporate Finance AB, telephone number: +46 40 20 02 50, e-mail: ca@vhcorp.se.

ABOUT EONE

Eone is a fintech company in Finland that offers a marketplace for loan providers. The technology is used to connect consumers and loan proivders. https://www.eone.fi/

1 Currency rate of 10.6 SEK/EUR has been used for the conversion to SEK.

2 Currency rate of 10.643 SEK/EUR has been used for the conversion to SEK.

3 Currency rate of 10.643 SEK/EUR has been used for the conversion to SEK.

Currency rate of 10.643 SEK/EUR has been used for the conversion to SEK.

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