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11/04-2019 08:30:17: (CXENSE) Cxense ASA - End of quarter recurring revenue update

Oslo, Norway - 11 April 2019 - Cxense ASA (OSE: CXENSE) today announced that it
in Q1 2019 signed 16 new contracts with Quarterly Recurring Revenue (QRR) effect
of USD 129.6 thousand for the company's data management platform (DMP) with
intelligent personalization.

Full QRR effect from 12 contracts notified to be terminated in Q1 2019 was USD
118.9 thousand for the core business. As a result, net new QRR from new and lost
contracts was USD 10.7 thousand.

New QRR                       Q4 2018  Q1 2019  Change %
New QRR from new clients        147.6     61.6    -58.3%
New QRR from upsell              99.6     68.0    -31.7%
Total new QRR                   247.2    129.6    -47.6%
No. of contracts new clients        8        6
No. of contracts upsell            16       10

Lost QRR                    Q4 2018  Q1 2019  Change %
Lost QRR from lost clients    246.2     99.3    -59.7%
Lost QRR from downsell         25.7     19.6    -23.7%
Total lost QRR                271.9    118.9    -56.3%
No. of contracts lost            12        9
No. of contracts downsell         6        3

New contracts signed in Q1 included the sale of Cxense DMP and personalization
solutions including Conversion Engine to Vogue Poland which will leverage
Cxense's machine learning-powered platform to drive customer-centric product
development, increase quality and effectiveness of content marketing and gain
user insights to build relationships with readers in order to increase
engagement and advertising revenue. Also, Shueisha Publishing Co., Ltd., one of
Japan's leading publishers expanded its use of Cxense solutions to include DMP
and Conversion Engine to drive advertising revenues with rich user profiles and
high-value socio-demographic and interest segments, and to boost membership
programs and future digital subscriptions with personalized customer journeys.

About Cxense:
Cxense is an AI-powered Data Management and Intelligent Personalization platform
that helps 200 leading publishers and marketers around the globe build personal,
profitable relationships with their customers. Our technology organizes first
party data into powerful custom segments and 1:1 user profiles before applying
machine learning to understand and predict customer behavior and intent. As a
result, our clients are able to deliver unique and relevant content and offers
to customers in real time, driving more subscriptions, sales, and higher
customer lifetime value. Our solutions process interactions from about 7,000
websites on 2 billion devices each quarter. Cxense is listed on the Oslo Stock
Exchange and has offices in Norway, the US, Japan, Russia, Germany, and
Argentina.

Investor Relations Contact:
Jørgen Evjen, Chief Financial Officer
Email: ir@cxense.com
Mobile: +47 928 04 014

Ekstern link: https://newsweb.oslobors.no/message/474249

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