Arribatec Group ASA

M&A Activity • Dec 17, 2020

CLOSING OF FÁCIL ACQUISITION

CLOSING OF FÁCIL ACQUISITION

(Oslo, Norway, 17 December 2020) Arribatec Solutions ASA (OSE: ARR) today announces the closing of the acquisition of Fácil AS.

Reference is made to the Oslo Stock Exchange notification from Arribatec Solutions ASA (the "Company") of 9 November 2020 regarding the share purchase agreement related to the acquisition of 100% of the shares in Fácil AS. The Company is pleased to announce that the acquisition was finalized and closed on 17 December 2020, as outlined in the 9 November 2020 notification.

The transaction will be settled by issuance of 12,423,200 new consideration shares in the Arribatec Solutions ASA. The consideration shares will be issued pursuant to an authorization to issue up to 162,864,164 new shares resolved by the general meeting on 20 November 2020. Arribatec Solutions ASA will register the new share capital with the Norwegian Register of Business Enterprises and issue a separate announcement when the registration of the share capital increase is completed. Once the registration of the share capital increase is completed, the consideration shares will be registered in the Norwegian Central Securities Depository and admitted to trading on the Oslo Stock Exchange.

For additional information, please contact:

Per Ronny Stav, CEO, Arribatec Solutions ASA: +47 994 42 378

Martin Nes, Chairman of the Board, Arribatec Solutions ASA: +47 920 14 814

About Arribatec | www.arribatec.com

Arribatec is a software and consulting company headquartered in Oslo. With a customer centric engagement model, combined with a deep system, integration and domain competence, Arribatec builds long term strategic partnership with a broad customer base. Arribatec serves more than 300 large entities spread over 20 countries and various industries, both in the private and public sector. The company employs over 170 people with offices in 9 countries and is listed on the Oslo Stock Exchange under the ticker code ARR.

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