Arribatec Group ASA — Share Issue/Capital Change 2017

Nov 16, 2017

Hiddn Solutions ASA - Successfully completed private placement

Hiddn Solutions ASA - Successfully completed private placement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR

INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY

OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE

UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE

SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange announcement published by Hiddn

Solutions ASA ("Hiddn" or the "Company") earlier today, 16 November 2017,

regarding a contemplated private placement (the "Private Placement") of new

shares (the "New Shares") in the Company.

The Company has successfully raised NOK 15 million in gross proceeds in the

Private Placement through the application and allocation of 7,500,000 New

Shares, each share at a subscription price of NOK 2.00 (the "Subscription

Price"). The shares issued in the Private Placement correspond to approximately

11.2% of the issued and outstanding shares of the Company.

The New Shares have been issued by the Company's board of directors in

accordance with the authorisation granted to it by the Company's general meeting

on 22 June 2017. The Private Placement remain only subject to the New Shares

having been fully paid and legally issued and registered. Of the total 7,500,000

New Shares issued in the Private Placement, 5,884,582 New Shares will be issued

on the Company's ordinary ISIN and be tradable on the Oslo Stock Exchange upon

delivery, expected on or about 27 November 2017 while the remaining 1,615,418

New Shares will be issued on a separate ISIN and not be tradable on the Oslo

Stock Exchange until the Company has prepared and published a listing prospectus

to be approved by the Financial Supervisory Authority of Norway.

Following registration of the new share capital pertaining to the Private

Placement, the Company will have an issued share capital of NOK 25,363,802.12,

divided into 74,599,418 shares, each with a par value of NOK 0.34.

Aabø-Evensen & Co AS is acting as legal advisor to the Company in connection

with the Private Placement.

For further information, please contact:

Carl Espen Wollebekk, CEO

Mobile: +47 930 55 505

E-mail: cew@hiddn.no

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

This announcement is not and does not form a part of any offer for sale of any

securities, and is not for release, publication or distribution, directly or

indirectly, in the United States, or any other jurisdiction in which such

distribution would be unlawful or would require registration or other measures.

Securities may not be sold in the United States absent registration with the

United States Securities and Exchange Commission or an exemption from

registration under the U.S. Securities Act of 1933, as amended. Hiddn Solutions

ASA does not intend to register its securities in the United States. The

distribution of this announcement into jurisdictions other than Norway may be

restricted by law. Persons into whose possession this announcement comes should

inform themselves about and observe any such restrictions. Any failure to comply

with these restrictions may constitute a violation of the securities laws of any

such jurisdiction. This announcement has not been approved by any regulatory

authority.