Arribatec Group ASA

AGM Information • Oct 30, 2020

Arribatec Solutions ASA – calling notice for extraordinary general meeting

Arribatec Solutions ASA – calling notice for extraordinary general meeting

Reference is made to the announcement of 4 September 2020 regarding Arribatec Solutions ASAs (previously Hiddn Solutions ASA, hereinafter the "Company") acquisition of shares of Arribatec AS (the "Acquired Shares") pursuant to a share exchange agreement (the "SEA"). Reference is further made to the resolutions by the extraordinary general meeting of the Company of 5 October 2020 (the "EGM"), where the Company resolved (i) a share capital reduction (the "Capital Reduction") through reduction of the par value of a Company share from NOK 1 to NOK 0.28 as well as (ii) the issue of 235,819,574 new shares (the "Consideration Shares") of the Company to selling shareholders of Arribatec AS, each Consideration Share issued at a price of NOK 0.94 per share. As announced on 28 October 2020, the SEA has been successfully closed.

The Capital Reduction and simultaneous issue of the Consideration Shares take legal effect upon registration in the Norwegian Register of Business Enterprises (the "Register"). The Register considers that the Capital Reduction requires a six week creditor notice period to take effect. As the Company wishes for the resolutions to take effect and be completed as soon as possible, the Company has resolved to give notice of a new extraordinary general meeting for November 20 2020, whereby it is approved that the Acquired Shares are acquired in exchange for Consideration Shares in a manner which avoids a six week notice period. This enables a faster pathway to completion of the Capital Reduction and issue of the Consideration Shares. There are no other changes to the proposed resolutions, as measured against those passed in the EGM. The previously announced subsequent offering is intended to commence in the near future.

For further information, please contact:

Per Ronny Stav - CEO

Tel: +47 994 42 379 /

e-mail: perronny.stav@arribatec.com

This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.