1.12.2021 00:02:20 CET | Skitude Holding AS | Non-regulatory press releases

(Oslo, 30 November 2021) Skitude Holding AS (Skitude, OSE:SKI) today announces
the proposal to change name to Canopy Holdings AS (Canopy) to reflect the
company's multi-brand strategy across destinations, attractions and seasons.

Reference is made to the 30 November 2021 summon to an Extraordinary General
Meeting (EGM) in Skitude, where the company among others proposes to change name
to Canopy.

 "Based on our heritage and leading position withing digitizing the market for
skiers and other mountain enthusiasts, we see significant opportunities in
adjacent industries across destinations, attractions and seasons for our
products and services. We propose to change name to Canopy to better reflect
this season independent multi-brand strategy, while remaining committed to
further grow and capitalize on our pole-position within winter applications, "
says Bent Grøver, Chief Executive Officer of Canopy.

The name change is subject to approval by the EGM.

CONTACTS

 * Bent Grøver, CEO, +47 95 04 03 92, bent@skitudegroup.com 
 * Ivar Blekastad, CFO, +47 48 26 36 70, ivar@skitudegroup.com 

ABOUT SKITUDE HOLDING AS

Canopy Holdings AS is a multi-national technology company listed on Euronext
Growth Oslo. The company owns a leading portfolio of brands and companies that
provides digitalization solutions to resorts, destinations, parks and
attractions in key markets. Canopy Holdings AS currently consists of Catalate,
Liftopia.com, Skioo, Skitude and Spotlio