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(Oslo, Norway, 13 July 2022) Reference is made to the stock exchange
announcement by Arribatec Group ASA ("Arribatec" or the "Company") on 27 June
2022 regarding the approval and publication of a prospectus (the "Prospectus")
and commencement of the subscription period in the subsequent offering of up to
20,000,000 new shares in the Company (the "Subsequent Offering Shares") at a
subscription price of NOK 0.50 per share (the "Subsequent Offering").

The subscription period for the Subsequent Offering expired on 12 July 2022 at
16:30 (CEST). By the end of the subscription period, the Company had received
valid subscriptions for a total of 3,625,153 Subsequent Offering Shares. A total
of 3,625,153 Subsequent Offering Shares have been allocated by the Company's
board of directors in accordance with the allocation criteria set out in the
Prospectus.

Notifications of allocated Subsequent Offering Shares in the Subsequent Offering
and the corresponding amount to be paid by each subscriber will be set out in a
separate notification to each subscriber to whom Subsequent Offering Shares have
been allotted. The notifications are expected to be sent today. The due date for
payment of allocated Offer Shares is 18 July 2022.

Subject to timely payment of the Subsequent Offering Shares by the subscribers
in the Subsequent Offering, registration of the share capital increase
pertaining to the Subsequent Offering, issuance and registration of the
Subsequent Offering Shares in the VPS, the Subsequent Offering Shares will be
delivered to the VPS accounts of the subscribers to whom they are allocated on
or about 26 July 2022.
Carnegie AS acts as manager in 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.