Exercise of the over-allotment option in the initial public offering of CLX Communications

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Further to the announcement by CLX Communications AB (publ) ("CLX" or the "Company") on
8 October 2015, CLX today confirms that, in connection with the initial public offering and listing of its shares on Nasdaq Stockholm (the "Offering"), Carnegie and Handelsbanken Capital Markets (the "Joint Global Coordinators") have exercised the over-allotment option in full in respect of 1,860,483 shares in CLX.

In connection with the Offering, the Company's shareholders Cantaloupe AB, Neqst 1 AB (through wholly-owned subsidiary Seitse Intressenter AB) and Kjell Arvidsson AB granted the Joint Global Coordinators the option to purchase up to 1,860,483 shares of the Company for the purpose of covering over-allotments of shares in the Offering (the "Over-allotment Option"). The Joint Global Coordinators have today exercised the Over-allotment Option in full.

No price stabilization activities have been carried out since the listing, and due to the Company's share price performance, the Joint Global Coordinators have decided to end the stabilization period.

For more information

Johan Hedberg, CEO, +46 8 32 75 10

Odd Bolin, CFO, +46 8 32 75 10, ir@clxcommunications.com

About CLX

CLX was founded in 2008 with a mission to simplify communications globally. The Company has since then developed into a leading provider of cloud-based communication services and solutions to enterprises and mobile operators, with particular strength in the enterprise messaging market. CLX's internally developed software-based communications platform enables enterprises to quickly, securely and cost-effectively communicate globally with, and send business-critical information to, customers' and employees' mobile phones and connected "Things". The Company has over 550 enterprise customers globally, many of which are global blue-chip enterprises, and over 70 customers (of which approximately 60 are mobile operators) have installed and use the communications platform in their businesses. Read more at www.clxcommunications.com.

Important notice

This announcement is not and does not form a part of any offer for sale of securities.

Copies of this announcement are not being made and may not be distributed or sent into the United States, Australia, Canada, Japan or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures.

The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and accordingly may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the Offering in the United States or to conduct a public offering of securities in the United States.

Any offering of the securities referred to in this announcement has been made by means of a prospectus. This announcement is not a prospectus for the purposes of Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive"). Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned prospectus.

In any EEA Member State other than Sweden that has implemented the Prospectus Directive, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State.

In United Kingdom, this communication and any other materials in relation to the securities described herein, is only being distributed to, and is only directed at, persons that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this announcement are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although CLX believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors, which are difficult or impossible to predict and are beyond CLX's control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.