Stavanger, Norway, 4 May 2021

Zaptec Charger AS (100% owned by Zaptec AS) has today signed a letter of intent
to purchase 100% of the shares in the Swiss company, NovaVolt AG ("NovaVolt").

NovaVolt is the exclusive distributor of Zaptec's charging systems in
Switzerland and has 7 employees, with its offices located in Zurich. Customers
of NovaVolt include major insurance companies, banks and pension funds, property
owners, energy companies, car dealers and housing cooperatives.

NovaVolt's turnover in 2020 was 4.4 million Swiss francs. As of April 2021, the
company had approximately 95% sales growth compared with the previous year based
on preliminary and unaudited management accounts. The transaction value consists
of a cash element of MNOK 25 plus 700,000 compensation shares in Zaptec as well
as a potential cash-based earn out mechanism to be based on NovaVolt's 2021
EBITDA performance, bringing the potential total transaction value to a maximum
of approximately MNOK 100, based on the current trading of the Zaptec shares.

"This is an important part of the internationalization strategy of Zaptec.
Following completion of the transaction, the acquisition will contribute to
increasing the speed of Zaptec's profitable growth in Europe, "says Anders
Thingbø, CEO of Zaptec.

"We are excited to become a part of Zaptec. I am convinced that this has the
potential to create clear synergy effects that will benefit Zaptec, NovaVolt and
our customers. With Zaptec behind us, we will be able to grow rapidly in Central
and Southern Europe.", says Florian Kienzle, Managing Director at NovaVolt.

Zaptec aims to close the transaction during Q2. Signing and closing is subject
to due diligence, agreement on final transaction agreements as well as other
customary closing conditions, such as necessary regulatory approvals. Further
information will follow in due course. ABGSC is acting as financial advisor to
Zaptec. 

For more information:

Anders Thingbø, CEO, Zaptec AS
Tel: +47 934 88 385, e-mail: at@zaptec.com 

Kurt Østrem, CFO, Zaptec AS
Tel: +47 404 04 700, e-mail: kurt@zaptec.com 

The information included in this announcement is defined as inside information
pursuant to MAR article 7, and is publicly disclosed in accordance with MAR
article 17 and section 5 -12 of the Norwegian Securities Trading Act. The
announcement is made by the contact person.

About NovaVolt:
NovaVolt is a joint-stock company founded in 2017, specializing in
future-oriented charging solutions in Switzerland. The company is the exclusive
distributor of Zaptec's charging systems in Switzerland, and has 8 employees
with headquarters in Zurich. Customers of NovaVolt include major insurance and
pension companies, property owners, energy companies, car dealers and housing
companies.

About Zaptec:
Zaptec AS is a technology company within Electronic Vehicle (EV) charging
systems in Europe. The company develops EV charging systems for multi and
single-family homes and office buildings. The product portfolio enables large
number of charging points at a low cost and includes Zaptec Pro, Zaptec Go,
Charge365 payment services, Charging columns, Zaptec Portal, and Zaptec APM. The
company accelerates the electrification of the transport sector to assist
European countries in reducing CO2 emissions from light-duty cars.