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2016-06-01

Anoto completes acquisition of Pen Generation Inc.

cquisition of Pen Generation Inc.

Lund, June 1, 2016 - Anoto Group AB (publ) ( "Anoto" or the "Company")
announces that the Company as of May 31, 2016 completed the acquisition of Pen
Generation Inc. ("Pen Generation") and resolved on an issue in kind of
144,689,816 new shares.

On February 8, 2016, Anoto announced that the Company had entered into an
agreement to acquire Pen Generation. Pen Generation, which focuses mainly on
education markets in Asia, has significant expertise in mass manufacturing and
development of low-cost pens that are crucial for expansion towards consumer
markets.

On May 31, 2016, Anoto has acquired, firstly, the remaining shares in the Pen
Generation for a cash consideration of SEK 3 and, secondly, outstanding loan
amounts owed by Pen Generation in the total amount of approximately KRW 10.1
billion (approximately SEK 70.4 million). The consideration that the Company
shall pay to the sellers of the loan amounts owed by Pen Generation consists of
a total of 144,689,816 new shares in Anoto. The new shares have been subscribed
for by SOLiD Edu, Inc., SOLiD Technologies, Inc., MHL Corp. and Amicus
Wireless, Inc., the sellers of the loam amounts owed by Pen Generation.

The value of the contribution in kind Board of Directors has been established
on the basis of the company's own valuation and negotiations with the sellers
of the claims against Pen Generation. The Board has made the valuation of the
assets based on the value of Pen Generation on a debt free basis, taking into
account the company's revenue during the period April 2015 through March 2016
and an assessment of future income for the period April 2016 to March 2017.

The value of the contribution in kind has been established by the Board of
Directors based on the Company’s own valuation and negotiations with the
sellers of the loan amounts owed by Pen Generation. The Board has made the
valuation of the loan amounts owed by Pen Generation based on the value of Pen
Generation on a debt free basis and thereby considered the Company’s revenues
during the period April 2015 – March 2016 and estimated revenues for the period
April 2016 – March 2017.

Based on the closing price of SEK 0.269 for the Anoto shares listed on Nasdaq
Stockholm on 31 May 2016, the Board of Directors of the Company estimates that
the Contribution in Kind, i.e. loan amounts owed by Pen Generation in the total
amount of KWR 10.1 billion (approximately SEK 70.4 million) owed by Pen
Generation will be valued at approximately SEK 38.9 million in total in the
Company’s balance sheet.

Joonhee Won, CEO of Anoto, says: “The acquisition of Pen Generation is
important for us. It is not only consolidating Anoto’s pen portfolio, but is
also bringing Asian customers with large volume purchases. In addition, Pen
Generation's low cost pens expand market potential for customers who are most
sensitive about pricing. I am truly glad we completed this much needed
acquisition.”

For further information, please contact:
Joonhee Won, CEO

For more information about Anoto, please visit www.anoto.comor email
ir@anoto.com

Anoto Group AB (publ)
Reg.No. 556532-3929, Mobilvägen 10, SE- 223 62 Lund
Tel. +46 46 540 12 00

The information above has been made public in accordance with the Securities
Market Act and/or the Financial Instruments Trading Act. The information was
published at 08:00 am (CET) on June 1, 2016.

About Anoto
Anoto is a global leader in digital writing and drawing solutions. Its
technology enables high-precision pen input on nearly any surface. Anoto is
present around the world through a global network of strategic licensing
partners that deliver user-friendly writing and drawing solutions for effective
collection, transfer and storage of data. Anoto is traded on the Small Cap list
of Nasdaq Stockholm under ANOT.

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