K3 Business Technology Group Regulatory News (KBT)

PJ Claesson

5,072,926

Johan och Marianne Claesson AB

1,947,461

Fastighets AB Bremia

567,500

CA Fastigheter AB

2,221,036

Total

9,808,923

 K3 Business Technology Group plc

Adalsteinn Valdimarsson, CEO

Rob Price, CFO

T: 0161 876 4498

finnCap Limited (NOMAD & Broker)

Julian Blunt/James Thompson (Corporate Finance)

Camille Gochez (Corporate Broking)

T: 020 7220 0500

KTZ Communications

Katie Tzouliadis/Dan Mahoney

T: 020 3178 6378

1.

Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated with them ('PCA')

a)

Name

PJ Claesson

2.

Reason for notification

b)

Position / status

Non-executive director

c)

Initial notification / amendment

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

b)

Name

K3 Business Technology Group plc

c)

LEI

213800QOJ9OF2AV81748

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Identification code

ordinary shares of 25p each

GB00B00P6061

b)

Nature of the transaction

Acquisition of ordinary shares of 25p each

c)

Price(s) and volume(s)

 Volume: 4,721,226

Price: 220p per Ordinary Share

d)

Aggregated information

Aggregated volume Price

n/a

e)

Date of the transaction

20 May 2019

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

K3 Business Technology Group plc

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

x

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv

Name

Per Johan Claesson and controlled undertakings

City and country of registered office (if applicable)

N/A

4. Full name of shareholder(s) (if different from 3.)v

Name

City and country of registered office (if applicable)

5. Date on which the threshold was crossed or reachedvi:

20/05/2019

6. Date on which issuer notified (DD/MM/YYYY):

22/05/2019

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

22.84%

N/A

22.84%

42,946,665

Position of previous notification (if

applicable)

11.85%

N/A

11.85%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type ofshares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Ordinary Shares of 25p each

GB00B00P6061

5,072,926

4,735,997

11.81%

11.03%

SUBTOTAL 8. A

9,808,923

22.84%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expirationdatex

Exercise/Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expirationdatex

Exercise/Conversion Period xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

x

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

PJ Claesson

5,072,926

n/a

5,072,926

Johan och Marianne Claesson AB (an entity controlled by PJ Claesson)

1,947,461

n/a

1,947,461

Fastighets AB Bremia (an entity controlled by PJ Claesson)

567,500

n/a

567,500

CA Fastigheter AB (an entity controlled by PJ Claesson)

2,221,036

n/a

2,221,036

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional informationxvi

Place of completion

Kalmar, Sweden

Date of completion

22 May 2019