Karnov Group AB (publ) (3UA.F)

Anabranch Capital Management intends to reject Forseti III AB’s offer to the shareholders of Karnov Group AB

STAMFORD, Conn., May 16, 2024--Funds managed by Anabranch Capital Management, LP ("Anabranch") have owned shares of Karnov Group AB ("Karnov" or the "Company") (KAR SS) since June 2023 and currently own more than 5.7 million shares, corresponding to approximately 5.3% of all outstanding shares in the Company. Anabranch believes the SEK 84 per share offer from Forseti III AB is far below Karnov’s intrinsic value, and Anabranch intends to reject the offer.