StrongPoint

StrongPoint ASA: Compensation from BaneNor of 55.6 MNOK for relocation from Tangen Label facility in Norway

(Rælingen, Norway, June 25(th), 2019) StrongPoint ASA (StrongPoint, OSE: STRONG)

has accepted an offer for compensation from BaneNor of 55.6 MNOK for to relocate

from its Tangen Label facility. The regional plan for installation of double

railways from Kleverud to Sørli in Norway will lead to a relocation need for

StrongPoint's label operation.

StrongPoint Labels division has for years produced labels for Norwegian and

Swedish customers at our facilities at Tangen in Norway. The reason for the

agreement is that the building activities for the new railways, with dust and

vibrations, will make it inconceivable to continue the production in current

facilities.

StrongPoint has accepted the proposed 55.6 MNOK compensation offer. The

compensation fee and time of payment is subject to internal confirmation in

BaneNor, and the finalization of the agreement between the parties.

The railway construction work is estimated to start 2020/2021, and payment of

the compensation fee is estimated to January 2020.

"Although we have a good location today and did not want this change from an

operational perspective, we understand BaneNor's challenges in planning the new

railways. We are glad that we have sufficient time for the relocation process"

says Jacob Tveraabak, CEO of StrongPoint.

ENDS

For additional information please contact:

Hilde Horn Gilen

CFO, StrongPoint ASA

Phone +47 920 60 158

About StrongPoint | www.strongpoint.com (http://www.strongpoint.com)

StrongPoint is driving productivity for European retailers by providing

innovative, integrated technology solutions for multi-channel retailing based on

long-standing relationships with customers and partners. StrongPoint is also a

leader in IBNS solutions for Cash-In-Transit (Cash Security), and Labels for

customers in Norway and Sweden. StrongPoint offers best-in-class service and

consultancy expertise through its team of 525 employees in Norway, Sweden, the

Baltics, France, Germany, Belgium, Spain and Russia. StrongPoint is

headquartered in Rælingen, Norway, and listed on the Oslo Stock Exchange

(ticker: STRONG).

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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