(Oslo, Norway, 17 December 2020) Arribatec Solutions ASA (OSE: ARR) today
announces the closing of the acquisition of Microsky AS.

Reference is made to the Oslo Stock Exchange notification from Arribatec
Solutions ASA (the "Company") of 11 November 2020 regarding the share purchase
agreement related to the acquisition of 100% of the shares in Microsky AS. The
Company is pleased to announce that the acquisition was finalized and closed on
17 December 2020, as outlined in the 11 November 2020 notification.

The transaction will be settled by issuance of 3,499,998 new consideration
shares in the Company, in addition to a net fixed price of NOK 1.5 million in
cash. 

The consideration shares will be issued pursuant to an authorization to issue up
to 162,864,164 new shares resolved by the general meeting on 20 November 2020.
Arribatec Solutions ASA will register the new share capital with the Norwegian
Register of Business Enterprises and issue a separate announcement when the
registration of the share capital increase is completed. Once the registration
of the share capital increase is completed, the consideration shares will be
registered in the Norwegian Central Securities Depository and admitted to
trading on the Oslo Stock Exchange. 
 

For additional information, please contact:

Per Ronny Stav, CEO, Arribatec Solutions ASA: +47 994 42 378
Martin Nes, Chairman of the Board, Arribatec Solutions ASA: +47 920 14 814

About Arribatec | www.arribatec.com
Arribatec is a software and consulting company headquartered in Oslo. With a
customer centric engagement model, combined with a deep system, integration and
domain competence, Arribatec builds long term strategic partnership with a broad
customer base. Arribatec serves more than 300 large entities spread over 20
countries and various industries, both in the private and public sector. The
company employs over 170 people with offices in 9 countries and is listed on the
Oslo Stock Exchange under the ticker code ARR.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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