OSE NOTIFICATION

ARRIBATEC ACQUIRES MICROSKY AS

Oslo, Norway, 11 November 2020 Arribatec Solutions ASA (Arribatec, OSE: ARR)
today announces the acquisition by Arribatec AS of Microsky AS (Microsky) as
part of the strategy of creating a leading Solution as a Service (SaaS) company
through organic growth and accretive acquisitions.

"The Microsky acquisition strengthens our cloud and Azure competence and
capacity. Through a combination of Azure Public and Hybrid Cloud solutions,
Microsky offers a futureproof and innovative IT platform for small to medium
size companies and adds complementary services and solutions to our recent
acquisition Innit. The latest acquisitions complete our team as we execute our
Solution as a Service strategy to deliver on our ambitious international growth
ambitions, says Per Ronny Stav, Chief Executive Officer of Arribatec. 

Arribatec has entered into a share purchase agreement related to the acquisition
of 100% of the shares in Microsky for a net fixed purchase price of NOK 1,5
million in cash, plus 3,500,000 shares in Arribatec Solutions ASA at a
subscription price of NOK 1.50 per share ex dividend. 

Microsky, headquartered in Bergen, Norway, was founded in 2011 and has 8
employees. The company expects revenues in 2020 in the range of NOK 19 million,
annual recurring revenues (ARR) of NOK 11,5 million and with an EBITDA of NOK 1
million.

Microsky is a tier-1 Microsoft Partner and has extensive competence in Azure
Cloud, Office 365 and GDPR. The Microsky Azure based cloud platform includes an
own Azure Stack platform built and operating out of a data center in Bergen.
Microsky is owned by Tom Christian Mikkelsen, Geir Helge Nygjerde and Stacc AS.
Tom and Geir will continue with Arribatec and have agreed to an 18 months
lock-up period for their shares. Henrik Lie-Nielsen