(Oslo, 11 June 2021) Arribatec Solutions ASA (Arribatec, OSE: ARR) today
announces the implementation of the previously communicated plan to merge the
subsidiary Arribatec AS with the parent company.

Reference is made the to the announcement 4 September 2020, where Arribatec
announced its acquisition of a majority of Arribatec AS with the intention of a
subsequent merger and Arribatec as the acquiring entity.

The board of directors of the companies have today entered into a merger plan
which regulates the merger of the two companies. Through the merger, Arribatec
AS will transfer all its assets, rights and liabilities and on completion of the
merger Arribatec AS will be dissolved. The shareholders of Arribatec AS, other
than the Company, will through the merger receive consideration in the form of
124,790,135 new shares in Arribatec. 

The merger is subject to the approval of the shareholders meeting of the two
companies. Arribatec will call for an extraordinary general meeting to the held
in July 2021 for such purpose. The merger will be completed after a statutory
creditor's notice period to be completed following the extraordinary general
meeting.
 
ENDS

For additional information, please contact: 
Geir Johansen, CFO, Arribatec Solutions ASA: +47 4771 0451 

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 850 large entities spread over 20
countries and various industries, both in the private and public sector. The
company employs approximately 350 people taking announced acquisition into
account, with offices in 15 countries and is listed on the Oslo Stock Exchange
under the ticker code ARR.

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