CLX Communications Completes Acquisition of Mblox Inc.

CLX Communications AB (publ) (“CLX” or the “Company”) announced on 13 May 2016,
that the Company had acquired Mblox Incorporated (“Mblox”). CLX has today gained
access to 100 percent of the shares in Mblox and has, following the preliminary
purchase price set-off, paid USD 117 million in cash. The acquisition
strengthens CLX’s position as a leading provider of cloud-based communication
services to enterprises and communication solutions to mobile operators.

The acquisition of Mblox provides CLX with a strong footprint in the US, UK and
Australian markets and a large number of additional direct Tier 1 carrier
connections. Combined with CLX’s existing business this creates a global
portfolio of high-quality communications services for enterprises, operators and
developers to communicate globally with people and things (IoT) via simple APIs,
including CLX’s world leading SMS API (http://www.clxcommunications.com/)*.
CLX’s global portfolio of more than 150 direct Tier 1 operator connections
provides an important competitive advantage in today’s cloud communications
market.

Mblox (http://www.mblox.com/) delivered 7 billion messages in 2015, and
therefore adds a vast amount of SMS traffic to the Enterprise Division of CLX
Communications. Increasing message volumes will create important synergies that
enable future growth for messaging, voice and IoT services. Furthermore, the
merger will allow CLX to offer a new SMB (SaaS) solution to clients, a new
customer segment for CLX, while offering new services in the areas of voice and
IoT connectivity to existing Mblox customers.

“Acquiring Mblox represents a major step forward for CLX Communications,” says
Johan Hedberg, CEO of CLX Communications. “We see strategic acquisitions within
the industry as an important growth opportunity for CLX. Mblox provides valuable
assets including operator relationships and highly experienced employees, as
well as increased traffic volumes that will enable significant economies of
scale.”

CLX and Mblox will now merge to become an integral component of the mobile
messaging ecosystem servicing global enterprises, including many global internet
brands and Communications Platform as a Service ‘CPaaS’ companies, also known as
Cloud API providers, with Tier 1 backbone connectivity on which many of their
services rely.

The combined pro forma net sales for 2015 amounted to SEK 2,119 million with a
combined pro forma EBITDA of SEK 151 million. Together the two companies are
present in 19 countries and across six continents globally.

As previously announced, Mblox has the calendar year as its financial year and
by reason thereof an extraordinary general meeting in CLX on 13 June 2016
resolved to change the Company’s split financial year to calendar year. The
change of the CLX’s financial year means that the current financial year is
extended to 31 December 2016 and that the report on 23 August 2016 will change
its title to interim report. The resolution to change the Company’s financial
year was registered with the Swedish Companies Registration Office on 8 July
2016.

* MNOs rate CLX as the leading A2P SMS API globally – Roaming Consulting Company
(ROCCO) A2P (http://www.roamingconsulting.com/product/a2p-sms-messaging-vendor
-performance-report-2016-strategic-analysis/) SMS Messaging Vendor Performance
Report 2016

This information is information that CLX Communications AB (publ) is obliged to
make public pursuant to the EU Market Abuse Regulation. The information was
submitted for publication, through the agency of the contact person set out
above, on 12 July 2016 at 08:00 CET.

Important information

This press release contains forward-looking statements which reflect CLX’s
current view on future events and financial and operational development. Words
such as “intend”, “will”, “expect”, “anticipate”, “may”, “plan”, “estimate” and
other expressions than historical facts which imply indications or predictions
of future development or trends, constitute forward-looking statements. Forward
-looking statements inherently involve both known and unknown risks and
uncertainties as they depend on future events and circumstances. Forward-looking
statements do not guarantee future results or development and the actual outcome
could differ materially from the forward-looking statements.

The information, opinions and forward-looking statements concluded in this
announcement speak only as of its date and are subject to change without notice.
For more information, please contact:
Johan Hedberg, CEO, +46 (0)8 32 75 10, ir@clxcommunications.com
Odd Bolin, CFO, +46 (0)8-32 75 10, ir@clxcommunications.com
Kristian Männik, CMO, +46 (0)707-71 51 51, pr@clxcommunications.com
About CLX Communications

CLX was founded in 2008 with a mission to simplify communications globally. CLX
has since then developed into a leading provider of cloud-based communications
services and solutions to enterprises and mobile operators, with particular
strength in the enterprise messaging market. Mobile communications services from
CLX make it possible for enterprises to communicate globally with people and
connected devices (Internet of Things, IoT) swiftly, securely and cost
-effectively. CLX’s solutions enable business-critical communication worldwide
via mobile messaging services, voice services and mobile data connectivity
services for IoT. CLX has over 600 enterprise customers globally, including a
large number of global blue-chip enterprises, and over 70 Communications Service
Provider customers (of which approximately 60 are mobile operators) that have
installed and use CLX’s internally developed software-based communications
platform in their businesses.

CLX has demonstrated strong financial performance since its inception in 2008
and has increased its revenues from SEK 416 million in the twelve months ended
June 30, 2013 to SEK 844 million in the twelve months ended June 30, 2015,
corresponding to a compound annual growth rate of 42 per cent. For the twelve
months ended June 30, 2015, CLX reported EBITDA of SEK 93 million and EBIT of
SEK 89 million, corresponding to an EBIT margin of approximately 10.5 per cent.

For more information see www.clxcommunications.com