Company announcement No. 198

ECIT AS hereby announce that Elverum Regnskap AS has become a part of ECIT. 

- The acquisition strengthens ECIT's presence within F&A in the region
Innlandet, Norway. We are pleased to welcome customers and employees of Elverum
Regnskap to ECIT, says Peter Lauring, CEO in ECIT.

ECIT is acquiring 50.1 % of the shares in Elverum Regnskap AS, with an option to
acquire all remaining shares in the company. The acquisition has been settled
partly through cash, and partly with treasury shares. After the transaction,
ECIT AS' stock of treasury shares is 770,825, corresponding to 0.170 % of the
company`s total registered share capital.


About Elverum Regnskap AS
From offices in Elverum and Oslo, Elverum Regnskap AS delivers Accounting and
Payroll services. Elverum Regnskap AS is a merger between PT-Regnskap AS and
Elverum Regnskapsservice AS completed in 2023. Elverum Regnskap AS has 20
employees and a revenue of 18.7 MNOK (post merger) for the fiscal year ending
31.12.2022. Read more on https://elverumregnskap.no.		


For further information please 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.