ECIT AS

Director's Dealing • Apr 13, 2023

Fornebu, 13 April 2023

Mandatory notification of trade primary insiders and correction of mandatory notification of trade primary Insiders

Company announcement No. 149

With reference to company announcement No. 146 on 4 April 2023, where Plenborg Holding ApS, a company closely associated to PDMR Thomas Plenborg purchased shares in ECIT AS. The number of shares has been corrected, and the correct number of shares purchased by Plenborg Holding ApS on 4 April 2023 is 1,284,382 shares (not 1,284,182 as previously reported).

On 4 April 2023, Karl Emil Plenborg, a person closely associated to PDMR Thomas Plenborg, purchased 3,000 B-shares in ECIT AS at a price NOK 7.30 per share.

After the transaction Thomas Plenborg`s total number of shares, including the shares owned by persons closely associated to him, is 2,102,129 shares and 150,000 warrants.

For description of "Warrants", reference is made to Company announcement no. 90 regarding incentive plan.

About ECIT

Founded in 2013, ECIT supports a large customer base with accounting, payroll, and IT services. ECIT has a proven model for acquisitions, combining proximity to customers, local entrepreneurship and the strength of a larger international group. ECIT has a proforma 2022 revenue of 3.0 billion NOK and more than 2,300 employees across ten countries. M&A has been key to drive the Company's growth as ECIT has completed more than 130 acquisitions since 2013. Read more at www.ecit.com

For further information please contact

Mads Skovgaard, Group CFO mskovgaard@ecit.com +45 2780 4942