Comments regarding communicated corporate actions and share price development

The Annual General Meeting of Artificial Solutions International AB (previously Indentive AB) (Nasdaq First North: INDEN B) (“Artificial Solutions“) decided on 28 February 2019 on three corporate actions that can be expected to have an impact on the price of Artificial Solutions’ shares on First North. These corporate actions concern: (i) the decision to acquire all securities in Artificial Solutions Holding ASH AB (“Artificial Solutions Holding”) through an issue in kind, (ii) the decision to distribute all shares in the subsidiary Indentive Värdepapper AB to the shareholders of Artificial Solutions and (iii) the decision on a combination of shares (so-called reverse split).

In the issue in kind, 643,933,819 shares were subscribed, whereby the number of shares in Artificial Solutions after registration with the Swedish Companies Registration Office was increased from 14,855,572 to 658,789,391. The value of the newly issued shares amounts to approx. SEK 1,119.2 million based on the closing price for Artificial Solutions’ shares on 28 February 2019 (SEK 1.738 per share), which corresponds to 97.75 percent of Artificial Solutions’ market capitalization after the issue in kind.

The last day of trading in the Artificial Solutions’ share including the right to receive shares in the subsidiary Indentive Värdepapper AB was 28 February 2019 and thus Artificial Solutions’ shares are traded without right to the dividend as of 1 March 2019. The record date was 4 March 2019. The value of the dividend corresponds to an amount of SEK 21,770,000 based on the book value in Artificial Solutions’ balance sheet on 31 December 2018 or an amount of SEK 25,818,984 based on the closing price for Artificial Solutions’ shares on 28 February 2019 (SEK 1.738 per share), which corresponds to 2.25 percent of Artificial Solutions’ market capitalization after the issue in kind.

All in all and all other things being equal, the issue in kind and the distribution of the shares in the subsidiary Indentive Värdepapper AB are expected to affect the price so that the adjusted closing price on 28 February 2019 would have corresponded to SEK 1,699 per share.

Furthermore, the record date for the reverse split decided at the annual general meeting of shareholders, by which 30 shares are merged into one (1) share, is set to 13 March 2019. This means that the last day of trading in Artificial Solutions’ shares before the reverse split is 11 March 2019 and that the first day of trading in Artificial Solutions’ shares after the reverse split is 12 March 2019. After the reverse split, the number of shares in Artificial Solutions will amount to 21,959,646. All in all and all other things being equal, the reverse split is expected to affect the price so that the adjusted closing price on 28 February 2019 would have corresponded to SEK 50.96 per share. As a result of the reverse split, the shares in Artificial Solutions will, as of 12 March 2019, change the ISIN code. The new ISIN code is SE0012323756 (previously SE0010245688).

About Artificial Solutions

Artificial Solutions® is the leading specialist in enterprise-strength Conversational AI, a form of Artificial Intelligence that allows people to communicate with applications, websites and devices in everyday, humanlike natural language via voice, text, touch or gesture input.

Designed for the global enterprise, the company’s advanced conversational AI platform, Teneo®, allows business users and developers to collaborate on creating sophisticated, highly intelligent applications that can run across 35 languages, multiple platforms and channels in record time. The ability to analyze and make use of the enormous quantities of conversational data is fully integrated within Teneo, delivering unprecedented levels of 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, chatbots, 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. For more information, please visit www.artificial-solutions.com.

For further information please contact

Lawrence Flynn, CEO, Artificial Solutions

E-mail: lawrence.flynn@artificial-solutions.com

Artificial Solutions is listed on Nasdaq First North in Stockholm with short name  INDEN B. Erik Penser Bank AB is appointed as Certified Adviser (www.penser.se, telephone +46 (0)8 463 80 00, e-mail certifiedadviser@penser.se).

The announcement of the above information by Artificial Solutions is required under the EU Market Abuse Regulation. The information was submitted for publication by the above mentioned person on 5 March 2019 21:45 CET.

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