(Oslo, Norway ,17 December 2020 )Arribatec Solutions ASA (OSE: ARR) today announces the closing of the acquisition of Microsky AS. Reference is made to theOslo Stock Exchange notification fromArribatec Solutions ASA (the "Company") of11 November 2020 regarding the share purchase agreement related to the acquisition of 100% of the shares in Microsky AS. The Company is pleased to announce that the acquisition was finalized and closed on17 December 2020 , as outlined in the11 November 2020 notification. The transaction will be settled by issuance of 3,499,998 new consideration shares in the Company, in addition to a net fixed price ofNOK 1.5 million in cash. The consideration shares will be issued pursuant to an authorization to issue up to 162,864,164 new shares resolved by the general meeting on20 November 2020 .Arribatec Solutions ASA will register the new share capital with theNorwegian Register ofBusiness Enterprises and issue a separate announcement when the registration of the share capital increase is completed. Once the registration of the share capital increase is completed, the consideration shares will be registered in theNorwegian Central Securities Depository and admitted to trading on theOslo Stock Exchange . For additional information, please contact: PerRonny Stav , CEO,Arribatec Solutions ASA : +47 994 42 378 Martin Nes, Chairman of the Board,Arribatec Solutions ASA : +47 920 14 814 About Arribatec | www.arribatec.com Arribatec is a software and consulting company headquartered inOslo . With a customer centric engagement model, combined with a deep system, integration and domain competence, Arribatec builds long term strategic partnership with a broad customer base. Arribatec serves more than 300 large entities spread over 20 countries and various industries, both in the private and public sector. The company employs over 170 people with offices in 9 countries and is listed on theOslo Stock Exchange under the ticker code ARR. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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