Høvik, 14 September 2021: House of Control Group AS has entered into an
agreement to acquire Egreement AB in Sweden. The acquisition significantly
strengthens House of Control's SaaS-offering within contract workflow and
digital signature.

The acquisition complements House of Control's existing solutions for - among
others - contract management, authorization, procurement, and supplier
communication.

Egreement has annual recurring revenue (ARR) of SEK 12.7 million from more than
300 customers and 1,600 users across all types of industries, mainly in Sweden.
The transaction values Egreement at 3.5 times ARR on a debt-free basis, which
will be settled in cash upon closing, in addition to an earn-out element capped
at SEK 20 million depending on future financial development.

"The digitization of the company's finance functions is accelerating, and House
of Control aims to have a complete ecosystem of solutions for the CFO and the
finance department. Expanding our product suite with Egreement's solutions will
simplify the digital signing and contract authoring workflows for both existing
and new customers," says CEO Lasse Sten in House of Control.

"We see a huge potential for our offerings in both private and public companies.
Access to House of Control's unique sales machinery and commercial development
capabilities will enable us to realize our international growth ambitions faster
than on a stand-alone basis. We are really looking forward to leverage this
opportunity," says CEO Patrick Wilkinson in Egreement AB.

The acquisition is in line with House of Control's growth strategy to combine
strong organic growth and attractive acquisitions. It follows the acquisitions
of DinERP and Effectplan last year and Business Analyze in the second quarter
this year. Upon completion of the Egreement acquisition the company will have
approximately 2,000 customers with more than 275,000 end-users in 66 countries.

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 95 percent of sales are annual recurring
revenues. House of Control had ARR of NOK 169 million per the end of the second
quarter 2021.

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