Zaptec ASA ("Zaptec") is proud to announce a strategic realignment through the
divestment of its subsidiary, Charge365 AS ("Charge365"), to Wattif EV AS
("Wattif"). This move aligns with our focus on core competencies and positions
us for robust growth in our primary business areas.

Considered a non-core asset, Charge365 represents less than 1% of Zaptec's total
revenues. The transaction is based on a cash consideration of approximately NOK
31 million, strengthening our liquidity reserve.

As part of the transaction, Wattif and Zaptec have entered into a comprehensive
frame agreement for the deployment of Zaptec charging stations to housing
cooperatives and multi-family homes across all of Wattif's markets. This
signifies Zaptec onboarding a new Value-Added Partner with strong European
expansion plans. The collaboration is expected to significantly increase sales
for Zaptec, covering territories such as Norway, Sweden, the UK, Ireland,
Germany, and Austria.

For Zaptec, this strategic alliance underscores a commitment to our
partner-centric and cost-effective sales approach, aiming to provide safe,
high-quality charging solutions across the European landscape. By 2023, Zaptec
has expanded its reach by onboarding distribution partners in six additional
European countries: Spain, Poland, Latvia, Lithuania, Estonia, and Hungary,
elevating the total count of European markets served to 19.

"Divesting Charge365 ensures an increased focus on our core business. At the
same time, we are pleased to bring in a new Value-Added Partner, which we are
confident will contribute to a significant increase in sales going forward. We
look forward to cooperating with Wattif on future projects to empower
sustainable transportation across Europe together," says Acting CEO and CFO,
Kurt Østrem.

Østrem added, "We strongly believe that our focused strategy is correct in the
current market environment. We have already increased our market share in our
core markets this year with this strategy, and going forward, we will remain
Capex-light and even more focused following this deal. Combining the
partner-centric distribution strategy and presence across an increasing number
of European markets means we are well prepared for 2024 and 2025, where strong
electric vehicle sales growth is projected across Europe."

Following the transaction, it will be business as usual for Charge365 customers
as the service will continue to be operative and will function as an integration
with Zaptec as a third-party solution. Going forward, Zaptec is committed to
delivering future-proof, value-added services to its customers. The development
of these services is currently in progress, and they are anticipated to be
launched once market conditions are deemed optimal.


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.