<html><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;"><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><div><p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;mso-no-proof:yes" class=""><!--[endif]--></span><span style="font-size:10.0pt;
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height:18.0pt" class=""><p class="MsoNormal"><b class=""><span style="font-family:"Arial",sans-serif;mso-bidi-font-family:"Times New Roman";
mso-bidi-theme-font:minor-bidi" class="">FOR IMMEDIATE RELEASE</span></b><span style="font-family:"Arial",sans-serif;mso-bidi-font-family:"Times New Roman";
mso-bidi-theme-font:minor-bidi" class=""><o:p class=""></o:p></span></p>
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<td width="343" valign="top" style="width:257.4pt;padding:0cm 5.4pt 0cm 5.4pt;
height:18.0pt" class=""><p class="MsoNormal"><b class=""><span style="font-family:"Arial",sans-serif" class="">Contact:</span></b><span style="font-family:"Arial",sans-serif" class=""> Endre Opdal<o:p class=""></o:p></span></p>
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<td width="343" valign="top" style="width:257.4pt;padding:0cm 5.4pt 0cm 5.4pt;
height:18.0pt" class=""><p class="MsoNormal"><b class=""><span style="font-family:"Arial",sans-serif" class="">Phone: </span></b><span style="font-family:"Arial",sans-serif" class="">+47 98035695</span><o:p class=""></o:p></p>
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<td width="343" valign="top" style="width:257.4pt;padding:0cm 5.4pt 0cm 5.4pt;
height:18.0pt" class=""><p class="MsoNormal"><b class=""><span style="font-family:"Arial",sans-serif" class="">Email: </span></b><span style="font-family:"Arial",sans-serif" class=""><a href="mailto:endre@hotelonline.co" class="">endre@hotelonline.co</a><b class=""><o:p class=""></o:p></b></span></p>
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<h1 align="center" style="text-align:center" class=""><span style="font-size:14.0pt;
font-family:"Arial",sans-serif;mso-bidi-font-family:"Times New Roman";
mso-bidi-theme-font:major-bidi" class="">HOTELONLINE AND TERANGA MERGED<o:p class=""></o:p></span></h1>
<h2 align="center" style="text-align:center" class=""><i class=""><span style="font-size:14.0pt;font-family:"Arial",sans-serif;mso-bidi-font-family:
"Times New Roman";mso-bidi-theme-font:major-bidi;font-weight:normal;mso-bidi-font-weight:
bold" class="">African and European traveltech startups merge to become frontier markets
leader</span></i><b class=""><span style="font-family:"Arial",sans-serif;mso-bidi-font-family:"Times New Roman";
mso-bidi-theme-font:minor-bidi" class=""> </span></b></h2><p class="MsoNormal"><b class=""><span style="font-family:"Arial",sans-serif;mso-bidi-font-family:"Times New Roman";
mso-bidi-theme-font:minor-bidi" class="">OSLO, NORWAY, 15<sup class="">th</sup> May 2018 – </span></b><span style="font-family:"Arial",sans-serif;mso-bidi-font-family:"Times New Roman";
mso-bidi-theme-font:minor-bidi" class="">Senegalese Teranga Solutions has merged with
HotelOnline to create a traveltech industry leader in the global frontier
markets. The companies individually had systems and business models that were
complimentary and together they now have a cloud-based ecosystem platform for
independent hotels – the first of its kind, making HotelOnline a global leader
in frontier markets. </span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;mso-bidi-font-family:
"Times New Roman";mso-bidi-theme-font:minor-bidi" class="">Moustapha Ndoye and his
brother Alioune Ndoye returned to their native Dakar, Senegal right after
college in the US to launch Teranga Solutions. They quickly became a market
leader, recognized in 2013 by Demo Africa as one of the most innovative
startups on the continent. In early 2018 Destination Senegal the national
tourism agency of Senegal contracted them to rollout their system in 800 plus
hotels in Senegal – a model they are replicating across the continent. </span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;mso-bidi-font-family:
"Times New Roman";mso-bidi-theme-font:minor-bidi" class="">Havar Bauck and Endre Opdal,
both from Norway, launched the digital hotel marketing powerhouse Savanna
Sunrise in 2014, targeting independent hotels in East Africa. In 2017, they merged
with Polish traveltech startup Hotel Online, to create the company now known as
HotelOnline. Their technology has won several awards including a Google I/O and
Expedia Hackathon. It has so far been deployed in more than 1,200 independent
hotels across 17 markets in Africa and South Asia.</span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;mso-bidi-font-family:
"Times New Roman";mso-bidi-theme-font:minor-bidi" class="">HotelOnline now has
operations in Norway, Poland, Senegal, Kenya and Nigeria with commercial
presence in Uganda, Rwanda, Ethiopia, Ghana and Pakistan. In 2018 Year-to-date;
20,000 room nights have been sold through the HotelOnline platform, totalling
USD1.6M.</span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;mso-bidi-font-family:
"Times New Roman";mso-bidi-theme-font:minor-bidi" class="">In a joint statement the four
founders said “by joining forces we are able to provide a complete solution
specifically designed for hotels in frontier markets. The global frontier
markets comprise majority of the world’s hotels. But these hotels are yet to
catch up with digitization of their operations and markets hence they are the
low-hanging fruits.”</span></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;mso-bidi-font-family:
"Times New Roman";mso-bidi-theme-font:minor-bidi" class="">Eric Osiakwan, Managing
Partner of Chanzo Capital who is an investor in Teranga Solutions and now joins
the board of HotelOnline indicated that by coming together under HotelOnline we
have the clout to conquer and dominate the hospitality industry in the global
frontier markets for the foreseeable future. “I am proud to be part of this
amazing global team combining Africa and European expertise and experience
considering the tremendous growth opportunities of the merged company.”<br class="">
<!--[endif]--><o:p class=""></o:p></span></p><p class="MsoNormal"><b class=""><span style="font-family:"Arial",sans-serif;mso-bidi-font-family:"Times New Roman \(Body CS\)"" class="">About
HotelOnline<o:p class=""></o:p></span></b></p><p class="MsoNormal"><span style="font-family:"Arial",sans-serif;mso-bidi-font-family:
"Times New Roman";mso-bidi-theme-font:minor-bidi" class="">HotelOnline is a cloud-base
ecosystem platform for independent hotels in frontier markets – more details @ </span><a href="http://www.hotelonline.co/" class=""><span style="font-family:"Arial",sans-serif;
mso-bidi-font-family:"Times New Roman";mso-bidi-theme-font:minor-bidi" class="">www.hotelonline.co</span></a><span style="font-family:"Arial",sans-serif;mso-bidi-font-family:"Times New Roman";
mso-bidi-theme-font:minor-bidi" class=""> or email </span><a href="mailto:endre@hotelonline.co" class=""><span style="font-family:"Arial",sans-serif;
mso-bidi-font-family:"Times New Roman";mso-bidi-theme-font:minor-bidi" class="">endre@hotelonline.co</span></a><span style="font-family:"Arial",sans-serif;mso-bidi-font-family:"Times New Roman";
mso-bidi-theme-font:minor-bidi" class=""> or call </span><span style="font-family:"Arial",sans-serif" class="">+47
98035695 </span><span style="font-family:"Arial",sans-serif;mso-bidi-font-family:
"Times New Roman";mso-bidi-theme-font:minor-bidi" class=""><o:p class=""></o:p></span></p><p class="MsoNormal"></p></div></body></html>