Zaptec had a revenue growth of 66% in the 4th quarter compared to the 4th
quarter of 2019. The turnover was 78 MNOK and this is an increase of 60% from
the 3rd quarter.

Revenue growth in 2020 ended at 40% and total revenue was 219 MNOK.

The export share continues to increase and was 31.2% in the 4th quarter against
8.9% in the same period in 2019. For the whole of 2020, the export share was
26.2% against 9.3% for the whole of 2019.

When non-recurring costs in connection with stock exchange listing, related
salary costs and share-based remuneration are excluded, EBITDA for the 4th
quarter will be NOK 12 million.

Zaptec has delivered positive EBITDA for 12 consecutive quarters since Q1 in
2018.

For more information:
Anders Thingbø, CEO, Zaptec AS
Tel: +47 934 88 385, e-mail: at@zaptec.com

Kurt Østrem, CFO, Zaptec AS
Tel: +47 404 04 700, e-mail: kurt@zaptec.com

About ZAPTEC:
ZAPTEC is a leading developer and seller of charging systems for electric
vehicles and related technology for multi family homes, office buildings and
large parking facilities. Its chargers have integrated phase-balancing
technology and utilise Automatic Power Management software, allowing charging at
significantly higher speeds compared to conventional chargers without such
technology. The group has 32 employees and is headquartered in Stavanger,
Norway.

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