20.12.2023: Zaptec ASA ("Zaptec", OSE ticker: ZAP)

Zaptec has today signed a new agreement with DNB which increases the liquidity
reserve with MNOK 230 by an increase of the overdraft facility from 70 MNOK to
300 MNOK with immediate effect. The new facility is backed by Export Finance
Norway which guarantees for 50% of the credit limit.

"We are very pleased to get this financing in place which provides a significant
increase to our liquidity reserve. In addition to this we have managed to adjust
production commitments towards our production partners Westcontrol and Sanmina
for the first half of 2024 while maintaining flexibility to scale up in tandem
with anticipated growth.  In sum this provides Zaptec with the strength,
flexibility and ability to maneuver in the dynamic and growing EV market" says
Acting CEO and CFO, Kurt Østrem.


For more information: 
Kurt Østrem, Acting CEO and CFO, Zaptec ASA 
Tel: + 47 40 40 47 00, e-mail: kurt@zaptec.com 

Kristian Sæther, Finance Director & IR, Zaptec ASA 
Tel: + 47 90 70 85 12, e-mail: investor@zaptec.com

About Zaptec ASA: 
Zaptec is a technology company within Electric 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, Charging
columns, Zaptec Portal, and Zaptec Sense. The company accelerates the
electrification of the transport sector to assist European countries in reducing
CO2 emissions from light-duty cars.