HIDDN: Enters into an LOI for a potential business combination with Ayfie Group
(Oslo, 24 June 2019) Hiddn Solutions ASA (Hiddn, OSE: HIDDN) has entered into a
Letter of Intent (LOI) for a potential business combination with Ayfie Group AS,
an international provider of Artificial Intelligence enhanced solutions for the
legal, legal services, finance and publishing industries

Hiddn and Ayfie has on 24 June 2019 entered into an LOI for a potential business
combination of the two entities. Following the potential transaction, the Ayfie
shareholders are expected to hold approximately 85% of Hiddn. The Ayfie
technology was launched in late 2017, and Ayfie reports audited revenues in 2018
of NOK 48.9 million and a contracted annual recurring revenue at year end 2018
of NOK 68 million.
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