Arribatec Group ASA - Share Issue/Capital Change 2019

Hiddn - Contemplated Private Placement

Hiddn Solutions ASA (the «Company») has received commitments in a contemplated

private placement towards certain existing shareholders and a new investor (the

"Private Placement"). The aggregate subscription amount committed in the Private

Placement as of the date of this notice is NOK 8,550,000, also including

issuance of shares in a debt conversion of NOK 1,652,700 directed towards one of

the Company's main creditors.

Subject to approval from an extraordinary general meeting in the Company (the

"EGM"), the shares in the Private Placement and debt conversion will be

subscribed at a proposed new nominal value of the Company's shares of NOK 0.05,

resulting in issuance of 171,000,000 new shares in the Company at a new nominal

value of NOK 0.05.

Completion of a share capital decrease by decrease of the nominal value of the

Company's shares and the Private Placement will be proposed to the EGM as soon

as practically possible, estimated to be held on or about the end of August 2019

or early September 2019. Subject to approval by the EGM, the Company's share

capital after the share capital decrease and the Private Placement (including

the debt conversion), will be NOK 14,329,376.00 divided on 286,587,520 shares,

each with a nominal value of NOK 0.05. The aforementioned figures take into

consideration the resolved, but not registered, issuance of 19 shares at the

Company's annual general meeting on 28 June 2019, but not the resolved board

authorization to carry out a 20:1 reverse share split resolved at the same

general meeting.

At the EGM, the board of directors will also propose a subsequent offering at a

subscription price per share equal to the subscription price in the Private

Placement.

Following and subject to completion of the Private Placement, the Company will

have sufficient funding to cover all existing debt and a sufficient working

capital for a period of time that the board of directors believes is necessary

to clarify and agree on the Company's strategic process going forward.

ENDS

For further information, please contact:

Øystein Tvenge, Chairman of Hiddn

Telephone: + 47 908 70 000

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