11. May 2022: Reference is made to the stock exchange notice from 9. May 2022
announcing a share buyback program. ELOP can now announce that the program will
be managed by Pareto Securities AS, which will make its trading decisions in
relation to the shares independently of, and uninfluenced by ELOP. This program
may result in ELOP buying shares through periods where the company otherwise
would have been restricted. The initial part of the buyback program commencing
today, will consist of share purchases up to NOK 10 million and will run until
the order is fulfilled. The shares will be repurchased in accordance with the
authorization granted at the company's annual general meeting on April 21st,
2021.

Contact information:
o	Stian Thorsrud, Head of Communications and Marketing, tel: +47 993 00 003
o	Øivind Horpestad, CEO and Executive Chairman, tel: +47 910 00 626
o	Kim Boman, CFO, tel: +47 959 63 912


About Elop AS 
Elop is a Norwegian technology company that delivers tools and digital solutions
to inspect, monitor and manage infrastructure worldwide. Through data-driven and
AI-based solutions for inspection and predictive maintenance of concrete
infrastructure, Elop's vision is to provide asset owners with solutions that
improve safety, extend asset lifetime, minimise total lifecycle cost and
environmental footprint. Elop is headquartered in Norway. For more information:
www.elop.no