Arribatec Group ASA — Share Issue/Capital Change 2017

Feb 13, 2017

Hiddn Solutions ASA Rights Issue - Preliminary result

Hiddn Solutions ASA Rights Issue - Preliminary result

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.

Reference is made to previous stock exchange announcements concerning the rights

issue of up to 20,761,245 new shares (the "Offer Shares") in Hiddn Solutions ASA

(the "Company") (the "Rights Issue") and up to 5,190,311, additional Offer

Shares in case the Rights Issue is fully subscribed pursuant to subscription

rights, at a subscription price of NOK 2.89 per Offer Share.

The subscription period for the Rights Issue expired 10 February 2017 at 16:30

(CET). A preliminary counting of the subscriptions indicates that approximately

30.5 million Offer Shares have been subscribed for and, consequently, that the

Rights Issue was oversubscribed. Accordingly, the board may use the

authorization granted by the Company's extraordinary general meeting on 13

January 2017 to issue additional Offer Shares to the Company's employees,

management and board as well as the underwriters in the Rights Issue that have

subscribed for shares in the Rights Issue. Allocation of Offer Shares is

expected to be resolved later today by the board in the Company in accordance

with the allocation criteria set out in the prospectus dated 26 January 2017.

Letters of allocation will be distributed to investors giving notification of

allocated Offer Shares and the corresponding amount to be paid by each

subscriber.

This information is subject to 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.