A group of investors acquire 9.2% of the shares in Artificial Solutions

Artificial Solutions International AB (“Artificial Solutions” or the “Company”) today announces that a group of investors, including among others C WorldWide Asset Management, board member Johan A. Gustavsson and SEB-Stiftelsen, have acquired 6,061,435 shares in Artificial Solutions, corresponding to 9.2% of the shares in the Company from Scope Growth II (the “Transaction”).

The transaction in brief

Artificial Solutions’ largest shareholder, Scope, through the investment funds Scope Growth II and Scope Growth III, today informed the Company that a group of investors including C WorldWide Asset Management and board member Johan A. Gustavsson as well as investors in the investment fund Scope Growth II, including SEB-Stiftelsen, have acquired shares in Artificial Solutions, in a sale corresponding to 9.2% of the shares in the Company. The Artificial Solutions holding, an investment made already in 2008 by Scope Growth II, was the only remaining holding in the fund portfolio.

Following the Transaction, Scope remains Artificial Solutions’ largest shareholder through Scope Growth III. Scope Growth III holds 10,727,971 shares in Artificial Solutions, corresponding to 16.3% of the shares in the Company.

Having entered a new and exciting chapter with Per and his management team, and as we remain the principal shareholder of Artificial Solutions through Scope Growth III, we are happy to be able to offer our investors, from our earlier fund, the opportunity to continue this journey as direct shareholders” says Fredrik Oweson, Partner at Scope.

The investors from Scope Growth II have known the Company for a long time and we are happy to welcome them as direct shareholders as we prepare to scale” says Per Ottosson, CEO Artificial Solutions.

For further information, please contact:

Per Ottosson, CEO, Artificial Solutions

E-mail: per.ottosson@artificial-solutions.com

This information is information that Artificial Solutions International AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person above, at 20.45 CET on 30 November 2021.

About Artificial Solutions

Artificial Solutions® is the leading specialist in Conversational AI. We enable communication with applications, websites and devices in everyday, humanlike natural language via voice, text, touch or gesture input.

Artificial Solutions’ advanced conversational AI Teneo®, allows business users and developers to create sophisticated, highly intelligent applications that run across 84 languages and dialects, multiple platforms and channels in record time. The ability to analyse and make use of the enormous quantities of conversational data is fully integrated within Teneo, delivering unprecedented levels of data insight that reveal what customers are truly thinking.

Artificial Solutions’ conversational AI technology makes it easy to implement a wide range of natural language applications such as virtual assistants, conversational bots, speech-based conversational UIs for smart devices and more. It is already used daily by millions of people across hundreds of private and public sector deployments worldwide.

Artificial Solutions is listed on Nasdaq First North Growth Market in Stockholm with short name ASAI. Erik Penser Bank is the Company’s Certified Adviser (www.penser.se, phone: +46 (0) 8-463 83 00, e-mail: certifiedadviser@penser.se). For more information, please visit www.artificial-solutions.com.