Arribatec Group ASA

Share Issue/Capital Change • Dec 19, 2023

Share issue related to the settlement of earn out obligation related to the acquisition of Integra Associates Limited

Share issue related to the settlement of earn out obligation related to the acquisition of Integra Associates Limited

Arribatec Group ASA (the "Company") entered into a share purchase agreement on 8 October 2021 where the Company agreed to purchase 100% of the shares in Integra Associates Limited. The share purchase agreement included an earn-out provision which stipulated that the sellers was entitled to additional shares in the Company if certain terms were met. The terms of the earn out provision were met on 30 April 2023.

To settle the earn out obligation, the Board of Directors resolved to issue 514,844 new shares to the sellers of Integra Associates Limited on 13 December 2023. The new shares have been issued based on an authorization to increase the shares capital granted to the Board of Directors on 24 May 2023.

Following completion of the share issuance, the share capital of the Company will be 194,802,176.80, consisting of 69,572,206 shares, each with a par value of NOK 2.8.

For further information please contact: CFO Bente Brocks, +47 455 16 320

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