StrongPoint

Board/Management Information • Feb 15, 2018

StrongPoint ASA: Leadership change in StrongPoint

StrongPoint ASA: Leadership change in StrongPoint

StrongPoint's Board of Directors and CEO Jørgen Waaler have during some time

worked on a succession plan for the CEO role. Jørgen Waaler, in his 62(nd) year

of age, has been with the company for more than 16 years, and would now like to

start a leadership hand-over of the company to his successor.

The Board of Directors are pleased to announce that they have recruited Jacob

Tveraabak, age 42, as StrongPoints next CEO.

After his degree in Business Administration from NHH, Jacob Tveraabak worked

with McKinsey & Company for more than 11 years - managing and executing on

numerous international projects around the world. In 2012 he joined

Reitangruppen/Rema 1000 as director of Business Development and Digital

Strategy. From 2016 he was the CEO of Miklagruppen (Bavaria Nordic) - a NOK 7

billion premium car dealership company.

Tveraabak will join the company April 3rd. The StrongPoint BOD recognizes the

importance of continuity including transfer of industry knowledge, customer

relations and a successful introduction to the StrongPoint organization. Hence,

Tveraabak will work together with Waaler during a transition period of four

months and he will formally take over the CEO role on August 1(st), 2018.

"I don't feel old, but everything has to come to an end. Nothing is better than

passing on the CEO role to an experienced, young, ambitious and dedicated

executive professional. I am really looking forward to welcoming Jacob, and I

will do everything possible to ensure his success of bringing StrongPoint to the

next level", says CEO Jørgen Waaler.

"The Board is confident that Jacob Tveraabak, with his extensive international

experience, will lead StrongPoint to the next level. At the same time, we honor

and thank Jørgen Waaler for having transformed the Scandinavian PSI Group to a

company that is well positioned to become a global recognized provider of retail

technology solutions. Jørgen has been developing StrongPoint into a NOK one

billion company, with seven years of consecutive dividends to the shareholders.

During his 16 years, he has built a unique culture with strong and shared values

across the organization. Jørgen will leave behind a strong legacy and a very

solid footprint, and we are very pleased that he will share his experience and

insight with Jacob during 2018" says chairman Svein Jacobsen.

For more information, please contact:

Jørgen Waaler                                        Svein Jacobsen

CEO StrongPoint ASA                                        Chairman StrongPoint

ASA

Phone: +47 9059 0010                                        Phone: +47 9226 2667

About StrongPoint:

StrongPoint's mission: Driving Retailers' productivity by providing innovative

integrated Technology Solutions enabling retailers to perform to their full

potential.

StrongPoint's vision: Becoming a recognized provider of Retail Technology

Solutions.

StrongPoint has its headquarter at Rælingen, and has approximately 580 employees

in Norway, Sweden, the Baltics, Russia, France, Germany, Belgium, Spain, Russia

and Malaysia. StrongPoint use the ticker "STRONG" at Oslo Stock Exchange.

For further information: www.strongpoint.com

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.