Arribatec Group ASA

Share Issue/Capital Change • Sep 6, 2021

Arribatec Group ASA – intragroup merger with subsidiary Arribatec AS completed, consideration shares issued

Arribatec Group ASA – intragroup merger with subsidiary Arribatec AS completed, consideration shares issued

(Oslo, 6 September 2021). Reference is made to the announcement by Arribatec Group ASA (Arribatec, OSE: ARR) dated 11 June 2021, concerning a merger between Arribatec Group ASA (as the acquiring entity) and it's subsidiary Arribatec AS. The merger was approved by the shareholder's meeting of Arribatec on 14 July 2021.

The statutory creditor's notice period relating to the merger has expired, and the merger has today been registered in the Norwegian Register of Business Enterprises. Consequently, Arribatec AS' assets, rights, and liabilities have been transferred to Arribatec, and 124,790,135 new shares in Arribatec (the "Consideration Shares") have been issued to the previous shareholders of Arribatec AS (other than the Company). The Consideration Shares will be delivered on a separate ISIN pending publication of a listing prospectus or exemption document pursuant to Regulation (EU) 2017/1129. Arribatec's new share capital is NOK 163,772,857.92, consisting of 584,903,064 shares each of NOK 0.28 par value.

Following the issue of the Consideration Shares, Tycoon Industrier AS´ unchanged holding of 116,554,032 shares, Arriba Invest AS´ unchanged holding of 80,915,209 shares, and Dallas Asset Management´s unchanged holding of 24,598,694 shares in Arribatec represent approx. 19.93%, 13.83%, and 4.21% of the total number of shares in Arribatec, respectively.

ENDS

For additional information, please contact:

Per Ronny Stav, CEO, Arribatec Solutions ASA: +47 994 42 378

Geir Johansen, CFO, Arribatec Solutions ASA: +47 4771 0451

About Arribatec | www.arribatec.com Arribatec is a software and consulting company headquartered in Oslo. With a customer-centric engagement model, combined with a deep system, integration, and domain competence, Arribatec builds long-term strategic partnerships with a broad customer base. Arribatec serves more than 900 large entities spread over 25 countries and various industries, both in the private and public sectors. The company employs over 350 people, when taking announced acquisitions into account, with offices in 18 countries, and is listed on the Oslo Stock Exchange under the ticker code ARR.