Arribatec Group ASA

Share Issue/Capital Change • Mar 16, 2020

HIDDN – The subscription period for the Subsequent Offering expires today

HIDDN – The subscription period for the Subsequent Offering expires today

NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Reference is made to the previous announcements by Hiddn Solutions ASA (the "Company") regarding the fully underwritten subsequent offering of 25,000,000 new shares in the Company (the "Offer Shares") at a subscription price of NOK 1.20 raising gross proceeds of NOK 30 million (the "Subsequent Offering").

The subscription period for the Subsequent Offering will expire today, 16 March 2020, at 16:30 CET. Correctly completed subscription forms must be received by the Manager, or, in the case of online subscriptions, be registered, within this deadline.

Subscription rights that are not used to subscribe for Offer Shares before the expiry of the subscription period in the Subsequent Offering on 16 March at 16:30 hours (CET) will have no value and will lapse without compensation to the holder.

For more information, please refer to the prospectus for the Subsequent Offering dated 28 February 2020, which is available at the Company's website www.hiddnsolutions.no and on www.dnb.no/emisjoner.

DNB Markets, a part of DNB Bank ASA, is acting as Manager in connection with the Subsequent Offering. AGP Advokater AS is acting as the Company's legal advisor in connection with the Subsequent Offering.

For further information, please contact:

Jørgen Waaler, CEO,

telephone: + 47 9059 0010,

e-mail: Jorgen@waaler.no

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

Neither this announcement nor any copy of it may be transmitted directly or indirectly into the United States or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. These materials are not an offer for sale of securities in the United States or any other country. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. 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.

The Subsequent Offering, the subscription rights and the distribution of this announcement and other information in connection with the Subsequent Offering may be restricted by law in certain jurisdictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws. Persons into whose possession this announcement or other information should come are required to inform themselves about and observe any such restrictions. The Company assumes no responsibility in the event there is a violation by any person of such restrictions. Further information regarding restrictions applicable for the Subsequent Offering and the grant and exercise of subscription rights is set out in the Prospectus.