Arribatec Group ASA

Share Issue/Capital Change • Nov 19, 2020

Last day of subscription period in the Subsequent Offering

Last day of subscription period in the Subsequent Offering

Last day of subscription period in the Subsequent Offering

Oslo, 19 November 2020

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES 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 by Arribatec Solutions ASA ("Arribatec" or the "Company") on 12 November 2020, regarding the commencement of a subsequent offering of up to 32,855,000 new shares (the "Offer Shares") (the "Subsequent Offering") and an employee offering of up to 10,000,000 new shares (the “Employee Offer Shares”).

The subscription period for the Subsequent Offering will expire today, 19 November 2020, at 16:30 hours (CEST). The Subscription Rights may be used to subscribe for Offer Shares in the Subscription Period and before the expiry of the Subscription Period on 19 November 2020 at 16:30 hours (CEST). Subscription Rights that are not used to subscribe for Offer Shares before 16:30 hours (CEST) today will have no value and will lapse without compensation to the holder.

Completion of the Subsequent Offering is subject to (i) the Board resolving the Subsequent Offering and allocating the Offer Shares, (ii) registration of the capital increase pertaining to the Subsequent Offering with the Norwegian Register of Business Enterprises, and (iii) registration of the approved reduction of the par value of the Company’s shares to NOK 0.28.

For more information regarding the Subsequent Offering, please refer to the Company's National Prospectus and Supplemental Prospectus (collectively, the “Prospectus”), which is available electronically at www.carnegie.no or by contacting Carnegie AS.

Carnegie AS act as manager in the Subsequent Offering.

For further information, please contact:

Ranveig Strand - interim CFO,

email: Ranveig@ferncliff.no.

Tel.: +47 405 10 727

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

Important information

The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia). This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "US Securities Act"). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States.

The issue, subscription or purchase of shares in the Company is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Manager assume any responsibility in the event there is a violation by any person of such restrictions. The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release 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.

The Manager is acting for the Company and no one else in connection with the Private Placement and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to the Private Placement and/or any other matter referred to in this release.

Forward-looking statements: This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company's current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.