RE: DISCLOSURE OF SHAREHOLDINGS
Wasatch Advisors, Inc., investment manager to a series of mutual funds and managed client accounts (“clients”)
sold a total of 168,517 shares of Pexip Holding ASA (ticker: PEXIP.NO) (the “Company”) on Friday, October 30,
2020 for its clients, for a total 4,913,945 shares, or 4.84% of the registered share capital of the Company. Please
contact me if you have any questions.