6 July 2022 - Reference is made to the stock exchange notice dated 8 June 2022
where Elop AS ("Elop" or the "Company") and Simplifai Invest AS ("the Buyer")
announced a share purchase agreement where the Buyer would acquire Simplifai AS
("Simplifai") from the Company. 

The Company hereby announces that all conditions for completion of the
Transaction have been fulfilled, and that the Transaction has been completed.
Through this transaction, Elop has secured a strong financial position and the
opportunity to capitalize on a number of opportunities

Elop has at closing received a cash amount of NOK 86.3 million and a credit note
of NOK 50 million that shall be settled by the Buyer no less than 30 months from
closing. 


Contact information: 
Øivind Horpestad, CEO, tel: +47 910 00 626
Stian Thorsrud, Head of Communications and Marketing, tel: +47 993 00 003
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