ECIT AS

Transaction in Own Shares • Nov 16, 2022

Mandatory notification of trade- share buy-back program completed

Mandatory notification of trade- share buy-back program completed

Company announcement No. 112

Reference is made to company announcement No 90 of 23 August 2022, where the company announced its plan to buy own shares for a total maximum amount of NOK 8,000,000.

From 14 November until 16 November the company purchased 27,714 shares at an average price of 6.964 NOK. An overview of the transactions, and a detailed specification of each individual trade, are attached to this announcement and available at www.newsweb.no.

After these transactions, ECIT owns a total of 2,198,988 of own shares, corresponding to 0.486 % of ECIT's total registered share capital.

Total number of shares acquired during the buy-back programme is 1,204,672. Weighted average share price 6.6408 for a total amount of 7,999,995. The buy-back program is now completed.

Attachments:

Transactions and specification overview.pdf

https://www.ecit.com/media/7148/ecit-transactions-overview-161122.pdf

DISCLOSURE REGULATION   

This is information that ECIT AS is obliged to make public pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

For further information, contact

Iselin Paulsen, Head of Communication Mads Skovgaard, Group CFO

Iselin.paulsen@ecit.com mskovgaard@ecit.com

+47 901 40 166 +45 2780 4942

About ECIT

Founded in 2013, ECIT supports a large customer base with accounting, payroll, and a broad range of IT services. ECIT has a proven model for acquisition and integration, ensuring proximity to customers and local entrepreneurship combined with the strength of a larger international group. ECIT has a proforma revenue (2021) of 2.6 billion NOK and +2,200 employees across 10 countries. M&A has been a key driver of the Company's growth and ECIT has completed more than 130 acquisitions since 2013. Read more at www.ecit.com