Arribatec Group ASA - Capital/Financing Update 2019

HIDDN - Further update recapitalisation

(Oslo, July 11th 2019): Reference is made to previous announcements made by

Hiddn Solutions ASA (the "Company") regarding its financial situation and

restructuring efforts, including announcement July 3rd 2019 at 15:12 CEST).

As announced, the Company is insolvent. Notwithstanding this situation, the

board considers that there are grounds to continue a process, safeguarding

creditor interests, whereby it explores possibilities for the Company, which

could also be in the shareholders' interests. The board is still continuing

discussions with third parties and will further consider arrangements or actions

that could be of interest to the Company.

Unless the board is successful in these efforts, the board's opinion is that

there is no shareholder value in the Company. The board has set

a new preliminary deadline of 18.7.2019 at 21.00 CEST for this continued

process.

ENDS

For further information, please contact:

Øystein Tvenge, Chairman of Hiddn

Telephone: + 47 908 70 000

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