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THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA
OR ANY JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE LOCAL
SECURITIES LAWS OR REGULATIONS OF SUCH JURISDICTION.

NORBIT ASA – End of stabilisation, exercise of over-allotment option and sale of
shares

Trondheim, 22 July 2019: Reference is made to the stock exchange notice issued
on 20 June 2019 regarding potential stabilisation activities in respect of
shares in NORBIT ASA ("NORBIT" or the "Company") from 20 June 2019 to and
including 19 July 2019 in connection with NORBIT's initial public offering (the
"Offering").

Arctic Securities AS (the "Stabilisation Manager") hereby gives notice that
stabilisation activities in the shares of NORBIT have been discontinued and that
no stabilisation transactions have been undertaken.

In order to permit the redelivery of shares in NORBIT which were borrowed and
over-allotted in the Offering, the Stabilisation Manager, on behalf of the
Managers (as defined below), will exercise its option to purchase from the
Lending Shareholders (as defined below) a total of 3,473,612 shares in NORBIT.

Pursuant to the exercise of the over-allotment option, Draupnir Invest AS, Eidco
AS, Racce AS and Esmar AS (collectively the “Lending Shareholders”) have sold
3,473,612 shares to the Stabilisation Manager (on behalf of the Managers (as
defined below)) at a price of NOK 19 per share.
Following these transactions, Draupnir Invest AS holds 5,702,949 shares in
NORBIT (equal to 10.04% of the total number of shares), Eidco AS holds 3,597,124
shares in NORBIT (equal to 6.33% of the total number of shares), Racce AS holds
738,546 shares in NORBIT (equal to 1.30% of the total number of shares) and
Esmar AS holds 2,858,579 shares in NORBIT (equal to 5.03% of the total number of
shares).

Arctic Securities AS and Pareto Securities AS acted as joint global coordinators
and joint bookrunners and SpareBank 1 Markets AS as joint bookrunner in
connection with the Offering (collectively referred to as the "Managers").

For further queries, please contact:
Per Jørgen Weisethaunet
CEO NORBIT
+47 959 62 915
pjw@norbit.com

Stian Lønvik
CFO NORBIT
+47 404 51 102
stian.lonvik@norbit.com

About NORBIT ASA
NORBIT is a global provider of tailored technology to carefully selected niches.
The company's business is structured to address its key markets; Oceans,
targeting the global maritime markets, Intelligent Traffic Systems (ITS),
offering connectivity solutions for truck applications, and Product Innovation
and Realization (PIR), with in-house multidisciplinary R&D and manufacturing.

NORBIT is headquartered in Trondheim, Norway, with manufacturing facilities in
Selbu, Røros and Trondheim, Norway and 12 offices and subsidiaries around the
world.

For more information: www.norbit.com