Company announcement No. 105.

ECIT AS (ECIT) hereby announce that the Norwegian debt collection company Argus
Kreditt AS has become a part of ECIT. 

Argus Kreditt delivers services from Hønefoss, and supplementing ECIT`s debt
collection and invoicing services in Lillehammer, Oslo and Kolbotn. Argus
Kreditt AS had a revenue in 2021 at 7 MNOK with 5 employees.

Argus Kreditt offer services within debt collection, invoice administration and
advisory connected to credit management. 

- Argus Kreditt is a good add-on to ECIT`s existing services within debt
collection, invoicing services and credit management advisory adding a new
office location in Southern Norway.  We are pleased to welcome employees and
customers of Argus Kreditt to ECIT, says Peter Lauring, CEO in ECIT.

ECIT is acquiring 90 % of the shares in Argus Kreditt. The acquisition has been
paid partly with cash and partly with treasury shares. Following the completion
of the above transaction, ECIT owns a total of 1,852,284 of own shares,
corresponding to 0.410 % of ECIT's total registered share capital.

About Argus Kreditt AS
Argus Kreditt AS is a Norwegian debt collection company offering services within
debt collection, invoice administration and credit management advisory. Argus
Kreditt is located in Hønefoss. Read more on https://www.arguskreditt.no
 

For further information please contact 
 
Iselin Paulsen, Head of Communication		Mads Skovgaard, Group CFO 
Iselin.paulsen@ecit.com				mskovgaard@ecit.com 
+47 901 40 166					+45 2780 4942


About ECIT
Founded in 2013, ECIT serves a large base of customers with accounting & payroll
services (the F&A Division) and with a broad range of IT services (the IT
Division). ECIT has a proven model for acquisition and integration, ensuring
closeness to customers and local entrepreneurship combined with the strength of
a larger international group. ECIT has a proforma revenue 2021 of 2.6 billion
NOK and +2,200 employees across 10 countries. M&A has been a key driver of the
Company's growth and ECIT has completed more than 130 acquisitions since 2013.
Read more at https://www.ecit.com