Share capital increase. Company announcement No. 51
	
With reference to ECIT AS purchasing shares in subsidiaries, hereinunder by
exercise of options under ECIT's program to increase its ownership in
subsidiaries as described in section 7.3.4. in the Information Document (company
announcement no. 7), consideration for shares in subsidiaries is settled partly
with cash and
partly by issuing new shares in ECIT AS.

Cash consideration has been settled at the respective transaction dates, as
stated below, while consideration to be settled in B-shares in ECIT AS is
settled through this capital increase.

In connection with the option program, the board of directors in ECIT has today
resolved to increase the company's share capital by NOK 1,403,743 through issue
of 1,403,743 B-shares.

The ECIT-shares are valued as follows:

Transaction date	No. of shares	Price pr. share NOK	Lock-up-period
31.12.2021	              100,000	            8.14034	36 months
10.01.2022	            1,303,743	            7.48000* 	no lock-up

* This price is agreed to correspond to VWAP of December 2021 less 6,5%, however
VWAP may not be calculated as less than NOK 8.00 per share. The price per share
therefore corresponds to NOK 8.00 per share less 6,5%

The average price per share equals NOK 7.52704.

The share capital will be increased from NOK 446,926,358 to NOK 448,330,101.

The distribution of shares will, after the capital increase, be as follows:

o Class A, 41,336,068 shares.
o Class B, 342,052,750 shares.
o Class C, 64,941,283 shares.



About ECIT  

ECIT was founded in 2013 and support a large customer base delivering Accounting
& Payroll (F&A) and a broad range of IT services. ECIT has a proforma 2020
revenue of over NOK 2 billion and plus 2,100 employees across 9 countries. M&A
has been a key driver of the Company's growth and ECIT has completed more than
100 acquisitions since 2013. For more information about ECIT, please visit 
www.ecit.com. 


Any questions may be addressed to COO Christine Lundberg Larsen,
christine.larsen@ecit.com, +47 452 11 552

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