(Oslo, 6 September 2021). Reference is made to the announcement by Arribatec
Group ASA (Arribatec, OSE: ARR) dated 11 June 2021, concerning a merger between
Arribatec Group ASA (as the acquiring entity) and it's subsidiary Arribatec AS.
The merger was approved by the shareholder's meeting of Arribatec on 14 July
2021. 

The statutory creditor's notice period relating to the merger has expired, and
the merger has today been registered in the Norwegian Register of Business
Enterprises. Consequently, Arribatec AS' assets, rights, and liabilities have
been transferred to Arribatec, and 124,790,135 new shares in Arribatec (the
"Consideration Shares") have been issued to the previous shareholders of
Arribatec AS (other than the Company). The Consideration Shares will be
delivered on a separate ISIN pending publication of a listing prospectus or
exemption document pursuant to Regulation (EU) 2017/1129. Arribatec's new share
capital is NOK 163,772,857.92, consisting of 584,903,064 shares each of NOK 0.28
par value.  

Following the issue of the Consideration Shares, Tycoon Industrier ASŽ unchanged
holding of  116,554,032 shares, Arriba Invest ASŽ unchanged holding of
80,915,209 shares, and Dallas Asset ManagementŽs unchanged holding of 24,598,694
shares in Arribatec represent approx. 19.93%, 13.83%, and 4.21% of the total
number of shares in Arribatec, respectively. 

ENDS

For additional information, please contact: 
Per Ronny Stav, CEO, Arribatec Solutions ASA: +47 994 42 378 
Geir Johansen, CFO, Arribatec Solutions ASA: +47 4771 0451 

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 partnerships with a broad customer base. Arribatec
serves more than 900 large entities spread over 25 countries and various
industries, both in the private and public sectors. The company employs over 350
people, when taking announced acquisitions into account, with offices in 18
countries, and is listed on the Oslo Stock Exchange under the ticker code ARR.