(Oslo, 30 March 2020) The Board of Directors of Hiddn Solutions ASA (Hiddn, OSE:
HIDDN) has appointed Lars Christian Stugaard as interim-CEO effective from 1
April 2020. 

“Lars Christian has extensive management and business development experience and
will work closely with the Board of Directors to evaluate value creating M&A
opportunities. Hiddn has no interest-bearing debt, has a new Board of Directors
and was recently refinanced, providing an attractive platform for value creating
business combinations going forward. We thank Jørgen Waaler for his tenure as
interim CEO in the transition period,” says Martin Nes, chairman of the Board of
Directors of Hiddn.

Lars Christian Stugaard is appointed interim-CEO of Hiddn from 1 April 2020,
succeeding Jørgen Waaler which has served as interim-CEO during the
restructuring of the company. Stugaard has been part of the Ferncliff group
since 2003, affiliated with board members Øystein Stray Spetalen and Martin Nes.
Lars Christian Stugaard has extensive management and business development
experience from several listed companies on the Oslo Stock Exchange, including
NEL ASA and Self Storage Group ASA, and holds a BSc from BI Norwegian School of
Management. 

LCS AS, a company wholly owned by Lars Christian Stugaard, holds 2 113 746
shares in Hiddn Solutions ASA.

ENDS

For further information, please contact: 
Lars Christian Stugaard, interim CEO: +47 476 30 522 / e-mail:
larschristian@ferncliff.no 
Martin Nes, chairman: + 47 920 14 814 / e-mail: martin@ferncliff.no 

About Hiddn Solutions ASA
Hiddn Solutions ASA is listed on the Oslo Stock Exchange under the ticker HIDDN.
The company has completed a business restructuring and currently evaluates
value-creating M&A initiatives. Following the restructuring, Hiddn holds no
interest-bearing debt and has solid financial flexibility. The new Board of
Directors consists of Martin Nes (chairman), Yvonne L. Sandvold and Øystein
Stray Spetalen. For more information, please visit: www.hiddnsolutions.no 

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.