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2016-05-16

Cognosec AB: Publication of Annual Report for 2015.

Cognosec AB per 16th of May published its annual report for 2015. The report
is available for download on the Company's websitewww.cognosec.se, or
atwww.ngnews.se.

The annual report for 2015 differs from the Year End Report published at
February 26th. The Annual Report presents a result for the Cognosec group
which is Euro 904 113 lower than reported in the Yearend Report. Overall, the
adjustment of these items a result, EBIT amounting to 1 833 981 Euro and a
profit after taxes amounting to 1 449 610 Euro.

Following reasons have been recognized:

1. Financial Statement reported goodwill in the purchase price allocation has
been increased which also increases the company's depreciation of 16 400 Euro

2. Taxation of the Company's results increased by 313 500 Euros as a result of
the CFC rules.

3. Correction made consolidation of subsidiaries 71 100 Euro

4. Adjustment of tax burden of subsidiaries 54 470 Euro

5. Adjustment of revenue for subsidiaries 34 986 Euro

6. Approval of the settlement of revenue between subsidiaries 443 656 Euro

Moreover, adjustments have been also been made to book values for the
Company's subsidiaries with Euro 734.000. After adjustment, the book values
??at December 31, 2015 amounts to 1 817 000 Euro.

The total effect on the Company's previously reported cash flow is zero and
the previously reported equity, is – 904 113 Euro. Overall, the adjustment of
these items a result, EBIT amounting to 1 833 981 Euro and a profit after
taxes amounting to 1 449 610 Euro.

For more information please contact:

Magnus Stuart, IR Officer

+46 706 211 350

BRIEFING
ON COGNOSEC

Cognosec
AB (publ) is a Group of specialist cybersecurity companies headquartered in
Sweden, and operating internationally through subsidiaries in Europe, South
Africa, Kenya, and the United Arab Emirates. The Group delivers security,
governance, risk and compliance services to help clients across a variety of
industries – including banking and finance, government, healthcare,
manufacturing and retail – to protect themselves against security threats.
The Cognosec Group today reports revenues of 16 826 TEUR for the full year
2015. For more information, please visit
www.cognosec.se

Information in
this press release requires Cognosec AB to publish pursuant to Securities
Markets Act and / or the Act on Trading on Financial Instruments. The
information was submitted for publishing May 16th, 2016 at 17.00 CET.

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