o Exceptionally strong new sales for the season, up 146% from Q1'20
o ARR +43% year-on-year to NOK 151 million, with organic ARR growth of 20%
o Revenue +49% to NOK 39.7 million in Q1 and +39% to NOK 137.9 million last 12
months
o Investing in growth, with more than doubling of the workforce to 123 employees
o EBITDA of NOK -4.7 million in Q1 and NOK -1.0 million adjusted for special
cost items

Høvik, 29 April 2021: House of Control (HOC) reported 49% year-on-year revenue
growth to NOK 39.7 million in the first quarter of 2021. Annual recurring
revenue (ARR) increased by 43% to NOK 151 million. The growth is supported by
acquisitions, and organic revenue growth was 17% and organic ARR growth 20%.

"New sales continued at the strong pace we saw in the second half last year, and
we maintain high prospecting and sales activity into the second quarter. We are
investing in growth, and have more than doubled the workforce over the past year
to continue our growth journey," says Lasse Sten, Chief Executive Officer of
House of Control.

Due to the higher personnel cost base, reported EBITDA showed a loss of NOK 4.7
million in the first quarter, including special cost items of NOK 3.7 million.
The adjusted EBITDA loss was hence NOK 1.0 million.

In April, House of Control acquired the Norwegian business intelligence company
Business Analyze AS, which will enable the company to offer CFOs dashboards that
will give the full overview over contracts, business processes and information
from incumbent ERP, CRM and HR management systems.

"Our ambition is to provide the control panel that will be the first thing any
CFO checks out every morning and the last thing she or he sees at the end of the
working day", says Sten.

Business Analyze has ARR of approximately NOK 10 million and a customer base of
300 customers with limited overlap to House of Control.

The acquisition follows last year's acquisitions of the business process
solutions company DinERP and the budgeting and forecasting specialist Effectplan
in Sweden. The three acquisitions have added ARR of approximately NOK 35 million
and significant customer bases and have more than doubled the company's
addressable market in the Nordics to more than NOK 9 billion.

"We continue to see great opportunities in our markets going forward, and we are
well positioned to seize the opportunities using a combination of organic growth
and further acquisitions. We see strong new sales opportunities and believe
upselling and cross-selling of new products to our customers will support
revenue growth going forward. We maintain our ambition for an ARR of NOK 500
million by 2025," says Lasse Sten.

The company will host a webcast today at 08:00 CEST. Please use the following
link to access the presentation:

https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20210429_2

The presentation will be followed by a Q&A session. Questions may be asked in
writing during and after the presentation in the comments section below the
webcast window. The report, presentation and the link to the webcast will also
be made available at https://www.houseofcontrol.com/investor-relations.

For further information please contact: 

CFO Carl Fabian Flaaten		
Cell: +47 90 04 31 84
Email: carlfabian@houseofcontrol.no	

About House of Control:

House of Control develops SaaS (Software as a Service) solutions. These are
digital tools that the CFO can easily apply to improve the performance of the
finance department and - ultimately - the whole company. The CFO toolkit
contributes to at least four important tasks: Cut costs, save time, reduce risk,
and improve compliance - all key ingredients of a better-working finance
department. Private and public enterprises use the software to manage contracts
and assets, comply with IFRS 16 requirements, communicate with suppliers and
organize procurement. House of Control's strong revenue growth is supported by a
unique salesforce, and approximately 90 percent of sales are annual recurring
revenues.

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