Company announcement No. 195

Reference is made to company announcement no. 192 of 10 October 2023, where the
company announced to have entered into an agreement to acquire 50.1 % of the
shares in Evercom AS, including an option to acquire the remaining 49.9 % of the
shares.

The regulatory approvals have been granted and the transaction is now completed.

The Board of Directors has today resolved to increase the share capital in ECIT
AS by NOK 1,252,500 by issuing 1,252,500 B-shares at a nominal value of NOK 1.00
per share.

The price per share is NOK 8.00.

The shares are issued as part of settlement for acquisition of 50.1 % of Evercom
AS. The shares are subject to a lock-up period of 12 months.

The share capital will be increased from NOK 452,852,873 to NOK 454,105,373. The
amendment to the Articles of Association in relation to the capital increase was
unanimously approved by the Board of Directors.

The capital increase will be registered in the Brønnøysund register.

The distribution of shares will, after the capital increase is registered, be as
follows:   

A-shares: 41,336,068
B-shares: 345,017,074
C-shares: 67,752,231


DISCLOSURE REGULATION   
This is information that ECIT AS is obliged to make public pursuant to the EU
Market Abuse Regulation and subject to the disclosure requirements pursuant to
Section 5-12 the Norwegian Securities Trading Act.

For further information, contact
Mads Skovgaard, Group CFO 
mskovgaard@ecit.com 
+45 2780 4942


About ECIT
Founded in 2013, ECIT supports a large customer base with accounting, payroll,
and IT services. ECIT has a proven model for acquisitions, combining proximity
to customers, local entrepreneurship and the strength of a larger international
group. ECIT has a full-year proforma revenue of 3.4 billion NOK per Q2 2023 and
more than 2,500 employees across ten countries. M&A has been key to drive the
Company's growth as ECIT has completed more than 130 acquisitions since 2013.
Read more at www.ecit.com.