ECIT AS

Share Issue/Capital Change • Dec 6, 2021

Correction: Changes to share capital

Correction: Changes to share capital

Correction: Changes to share capital   

Company announcement No. 42

Correction to the stock exchange notice (41) by ECIT AS on 3rd December 2021.

Excerpt from stock exchange notice (41):

"(…)the board of directors in ECIT has today resolved to increase the company’s share capital by NOK 608,148

through issue of 608,148 B-shares. 

Shares issued under this transaction is subject to a 12-month lock-up period.   

The ECIT-shares are valued as follows:  

Transaction date  No. of shares  Price pr. share    

15.09.2021  29,195  9.34343  NOK 

01.10.2021  262,340  9.38340  NOK 

01.12.2021  316,613  8.10803  NOK 

Average price per share for 608,148 B-shares equals NOK 8.71750. The price corresponds to VWAP of ten (10) trading days before the transaction date less 6,5%. The transaction date is the date on where the options were exercised.  

The share capital will be increased from NOK 445,455,134 to NOK 446,063,282. 

The distribution of shares will, after the capital increase, be as follows:   

• Class A, 41,336,068 shares.   

• Class B, 339,785,931 shares.   

• Class C, 64,941,283 shares."   

The correction is as follows:

The board of directors in ECIT has on 3rd December 2021 resolved to increase the company’s share capital by NOK 502,610 through issue of 502,610 B-shares.

Shares issued under this transaction is subject to a 12-month lock-up period.

The ECIT-shares are valued as follows:

Transaction date No. of shares Price pr. share  

15.09.2021 29,195 9.34343 NOK

01.10.2021 262,340 9.38340 NOK

01.12.2021 211,075 8.10803 NOK

Average price per share for 502,610 B-shares equals NOK 8.84548. The price

corresponds to VWAP of ten (10) trading days before the transaction date less

6,5%. The transaction date is the date on where the options were exercised.

The share capital will be increased from NOK 445,455,134 to NOK 445,957,744.

The distribution of shares will, after the capital increase, be as follows:

• Class A, 41,336,068 shares.

• Class B, 339,680,393 shares.

• Class C, 64,941,283 shares.

Any questions may be addressed to COO Christine Lundberg Larsen,  christine.larsen@ecit.com, +47 452 11 552