Arribatec Group ASA

Share Issue/Capital Change • Nov 23, 2020

Arribatec Solutions ASA: registration of share capital reduction and issue of consideration shares

Arribatec Solutions ASA: registration of share capital reduction and issue of consideration shares

Arribatec Solutions ASA: registration of share capital reduction and issue of consideration shares

Reference is made to announcement by Arribatec Solutions ASA (the " Company") of 28 September 2020, concerning successful completion of a share exchange agreement.

Reference is also made to the resolutions by the extraordinary general meeting of the Company of 5 October and 20 November 2020, where the Company resolved (i) a share capital reduction (the "Share Capital Reduction") through reduction of the par value of a Company share from NOK 1 to NOK 0.28 as well as (ii) the issue of 235,819,574 new shares (the "Consideration Shares") of the Company, each of par value NOK 0.28, to selling shareholders of Arribatec AS, each Consideration Share issued at a price of NOK 0.94 per share.

The Share Capital Reduction and the Consideration Shares are now registered in the Register of Business Enterprises. The share capital of the Company is NOK 91,203,932.68 divided between 325,728,331 shares, each of NOK 0.28 par value.

The shares of the Company trade exclusive of right to the Share Capital Reduction from tomorrow, 24 November 2020.

For further information, please contact:

Ranveig Strand - interim CFO,

Tel.: +47 405 10 727

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