Preliminary result of the Subsequent Offering

Oslo, 19 November 2020

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER
JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange announcement by Arribatec Solutions ASA
("Arribatec" or the "Company") on 12 November 2020 regarding the commencement of
a subsequent offering of up to 32,855,000 new shares (the "Offer Shares") (the
"Subsequent Offering") and an employee offering of up to 10,000,000 new shares
(the "Employee Offer Shares") (the "Employee Offering"). 

The subscription period in the Subsequent Offering and the Employee Offering
expired today, 19 November 2020, at 16:30 hours (CEST). The Company has received
subscriptions for 134,964,501 Offer Shares from eligible shareholders in the
Subsequent Offering and the Subsequent Offering has accordingly been
significantly oversubscribed. In addition, the Company has received
subscriptions for 16,121,048 Employee Offer Shares.  

The allocation of the Offer Shares will be resolved by the Company's board of
directors in accordance with the allocation criteria set out in the Company's
National Prospectus dated 27 October 2020. Notifications of allocated Offer
Shares and the corresponding subscription amount to be paid by each subscriber
are expected to be distributed on or about 20 November 2020. Payment for the
allocated shares falls due on 24 November 2020 in accordance with the payment
procedures described in the National Prospectus.

Subject to timely payment of the entire subscription amount in the Subsequent
Offering, the Company expects that the share capital increase pertaining to the
Subsequent Offering will be registered with the Norwegian Register of Business
Enterprises on or about 25 November 2020 and that the Offer Shares will be
delivered to the Norwegian Central Securities Depository ("VPS") accounts of the
subscribers to whom they are allocated on or about 26 November 2020. The Offer
Shares will be tradable immediately after the registration of the share capital
with the Norwegian Register of Business Enterprises.

Completion of the Subsequent Offering and the Employee Offering is conditional
upon registration of the reduction of the approved reduction of the par value of
the Company's shares to NOK 0.28. Should the condition fail to be fulfilled
after payment of the subscription price, the amount will be returned to the
subscriber.

Following the issuance and registration of the consideration shares to the
sellers of Arribatec AS, the Offer Shares and the Employee Shares, the share
capital of the Company will be NOK 103,203,332.68 divided into 368,583,331
shares, each with a par value of NOK 0.28 (subject to allocation and payment for
all the subscribed Offer Shares and Employee Offer Shares).  

The following primary insider (or related parties thereof) of the Company has
subscribed for Employee Offer Shares in the Employee Offering:


- Per Ronny Stav, Chief Executive Officer, has subscribed for 300,000 Employee
Offer Shares through Arriba Invest AS
- Lars H. Olsen, Director BI & Analytics, has subscribed for 2,000,000 Employee
Offer Shares
- Else Thoresen, Director Group HR, has subscribed for 1,590,000 Employee Offer
Shares
- Jhonny Sharma, Director Operational Excellence, has subscribed for 1,063,830
Employee Offer Shares through WKUP AS
- Mariette Larsson, Director Sweden, has subscribed for 300,000 Employee Offer
Shares
- Trude Halvorsen, CEO Americas, has subscribed for 300,000 Employee Offer
Shares
- Joar Aarenes, Director ERP Norway, has subscribed for 265,000 Employee Offer
Shares
- Anders Hauan, Director R&D, has subscribed for 150,000 Employee Offer Shares
- Tom Vandezande, Director Int. Business Development, has subscribed for 120,000
Employee Offer Shares
- Henrik Lie-Nielsen, Board member, has subscribed for 1,000,000 Employee Offer
Shares through Reaktor Returns AS
- Geir Johansen, Board member in Arribatec AS, has subscribed for 500,000
Employee Offer Shares through Finance Resources GJ AS

Carnegie AS act as manager in the Subsequent Offering (the "Manager"). 


For further information, please contact: 
Ranveig Strand - interim CFO, 
email: Ranveig@ferncliff.no. 
Tel.: +47 405 10 727

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





Important information 

The release is not for publication or distribution, in whole or in part directly
or indirectly, in or into Australia, Canada, Japan or the United States
(including its territories and possessions, any state of the United States and
the District of Columbia). This release is an announcement issued pursuant to
legal information obligations, and is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued
for information purposes only, and does not constitute or form part of any offer
or solicitation to purchase or subscribe for securities, in the United States or
in any other jurisdiction. The securities mentioned herein have not been, and
will not be, registered under the United States Securities Act of 1933, as
amended (the "US Securities Act"). The securities may not be offered or sold in
the United States except pursuant to an exemption from the registration
requirements of the US Securities Act. The Company does not intend to register
any portion of the offering of the securities in the United States or to conduct
a public offering of the securities in the United States. Copies of this
announcement are not being made and may not be distributed or sent into
Australia, Canada, Japan or the United States. 

The issue, subscription or purchase of shares in the Company is subject to
specific legal or regulatory restrictions in certain jurisdictions. Neither the
Company nor the Manager assume any responsibility in the event there is a
violation by any person of such restrictions. The distribution of this release
may in certain jurisdictions be restricted by law. Persons into whose possession
this release comes should inform themselves about and observe any such
restrictions. Any failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction. 

The Manager is acting for the Company and no one else in connection with the
Private Placement and will not be responsible to anyone other than the Company
providing the protections afforded to their respective clients or for providing
advice in relation to the Private Placement and/or any other matter referred to
in this release. 

Forward-looking statements: This release and any materials distributed in
connection with this release may contain certain forward-looking statements. By
their nature, forward-looking statements involve risk and uncertainty because
they reflect the Company's current expectations and assumptions as to future
events and circumstances that may not prove accurate. A number of material
factors could cause actual results and developments to differ materially from
those expressed or implied by these forward-looking statements. This information
is subject to the disclosure requirements pursuant to section 5 -12 of the
Norwegian Securities Trading Act.