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(Oslo, Norway, 27 June 2022) Reference is made to the stock exchange
announcement by Arribatec Group ASA ("Arribatec" or the "Company") on 7 April
2022, regarding the successfully completed private placement of 100,000,000 new
shares (the "Private Placement ") in the Company and the contemplated subsequent
offering (the "Subsequent Offering") of up to 20,000,000 shares (the "Subsequent
Offering Shares") and to the stock exchange announcement by Arribatec on 7 April
2022 with key information relating to Subsequent Offering. 

The Financial Supervisory Authority of Norway (Norwegian: Finanstilsynet) has
today approved a prospectus relating to the Subsequent Offering on Oslo Børs.
The prospectus will be available in electronic format at the company's web site
at: https://www.arribatec.com/investors. 

The Subsequent Offering comprises an offer by the Company to Eligible
Shareholders (as defined below) to raise an amount of up to NOK 10 million in
gross proceeds through the issuance of up to 20,000,000 new shares, each with a
nominal value of NOK 0.28 (the "Offer Shares"), at a subscription price per
Offer Share of NOK 0.5.

The subscription period in the Subsequent Offering will commence tomorrow, 28
June 2022 and end on 12 July 2022 at 16:30 hours CEST (the "Subscription
Period").

The Offer Shares will only be offered and sold outside the United States in
reliance on Regulation S under the U.S. Securities Act. The Subsequent Offering
is, subject to applicable securities laws, directed towards eligible
shareholders in the Company as of close of trading on 6 April 2022, as
registered in the Norwegian Central Securities Depository (the "VPS") on 8 April
2022 (the "Record Date"), who (i) were not allocated shares in the Private
Placement and (ii) are not resident in a jurisdiction where such offering would
be unlawful, or would (in jurisdictions other than Norway) require any
prospectus, filing, registration or similar action (the "Eligible
Shareholders"). 

Eligible Shareholders will receive non-transferable subscription rights (the
"Subscription Rights") based on their registered shareholding in the VPS as of
the Record Date, giving the right to subscribe for and be allocated shares in
the Subsequent Offering. Each Eligible Shareholders will, subject to applicable
law, be granted 0.04805 Subscription Rights for each share in the Company
recorded as held as of the end of the Record Date, rounded down to the nearest
whole Subscription Right. Each Subscription Right will give the right to
subscribe for one Offer Share. Over-subscription in the Subsequent Offering by
Eligible Shareholders will be permitted. Subscription without Subscription
Rights will not be allowed. 

Further instructions regarding the subscription procedure and the terms of the
Subsequent Offering are available in the Prospectus. Subscription Rights that
are not used to subscribe for Offer Shares before the end of the Subscription
Period will have no value and will lapse without compensation to the holder.
Notifications of allocated Offer Shares and the corresponding subscription
amount to be paid by each subscriber are expected to be distributed on or about
13 July 2022. The payment for Offer Shares allocated to a subscriber falls due
on or about 18 July 2022 (the "Payment Date"). Delivery of the Offer Shares to
investors' VPS accounts is expected to take place on or about 26 July 2022.
Carnegie AS (the "Manager") is acting as Manager and Bookrunner in connection
with the Subsequent Offering. 

Advokatfirmaet Schjødt AS acts as legal advisor to the Company. 

ENDS
For additional information, please contact: 

Geir Johansen, CEO, Arribatec Solutions ASA: +47 4771 0451

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 in Oslo. 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 1000 large entities spread over 25
countries and various industries, both in the private and public sector. The
company employs over 350 people, with offices in 17 countries and is listed on
the Oslo Stock Exchange under the ticker code ARR.

[This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.]