Karnov

The Board of Directors remains fully committed to Karnov Group and its strategy after the withdrawal of the Offer.

Magnus Mandersson, Chairman of the Board of Directors, commenting on the offer process: "We have noted that the bidders have withdrawn their public offer as they could not come to an agreement with the shareholders of Karnov Group. The offer process shows that there is great interest in the company and our journey ahead. We will continue our efforts to be the first choice in legal knowledge, driven by customer centricity, innovation and outstanding content to build shareholder value."

Karnov Group is pleased that Greenoaks and Long Path are committed to Karnov Group and welcomes their expertise and support, especially regarding AI specific resources from Greenoaks.

Commenting on the strategy, the Chairman says: "We continue our pursuit of delivering the highest quality of content, providing a state of the art user experience and supporting workflow efficiency, most recently exemplified through the acquisition of the carved out legal information business of Schultz in Denmark. We continue to take important steps in leveraging the tailwinds generative AI enables to our industry and are proud of the additional value it will create for our customers, as well as new growth opportunities for Karnov Group. We hold a firm conviction in Karnov Group's strategy and the promising opportunities it presents. Our industry is poised for growth driven by AI in the coming years, and we are confident that our management team and strategic approach are well-equipped to address these emerging trends."

Shareholders of Karnov Group who have accepted the Offer will have their shares returned. For administrative questions related to the return of the shares, shareholders should contact the bank or nominee where they have their shares registered.

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Stockholm 17 June 2024

Karnov Group AB (publ)

The board of directors

For more information, please contact:

Magnus Mandersson, Chairman of the Board, who may be reached through:

Erik Berggren, Head of Investor Relations

Telephone: +46 707 597 668

Email: erik.berggren@karnovgroup.com

This information was submitted for publication on 17 June 2024 at 08:35 CEST.

Karnov Group clears the path to justice, providing mission critical knowledge and workflow solutions to European professionals in the areas of legal, tax and accounting, and environmental, health and safety. With content provided by over 7,000 well-renowned authors and experts, Karnov Group delivers knowledge and insights, enabling more than 400,000 users to make better decisions, faster - every day. With offices in Sweden, Denmark, Norway, France, Spain and Portugal, Karnov Group employs around 1,200 people. The Karnov share is listed on Nasdaq Stockholm, Mid Cap segment under the ticker "KAR". For more information, please visit www.karnovgroup.com.