Høvik, 14 May, 2021: Pursuant to an employee option agreement dated 9 July 2020,
18,900 options in the Company have been exercised.

The board of directors of the Company has consequently authorized a share
capital increase of NOK 3,780 through issuance of 18,900 new shares, each with a
par value of NOK 0.20. The new shares are issued by the board of directors
pursuant to an authorization granted by the Company's general meeting on 5 May
2021.

The new shares have been subscribed for and the price to be paid for each share
pursuant to the option agreement is NOK 8.47.

Contact details:
CFO Carl Fabian Flaaten
Cell: +47 90 04 31 84
Email: carlfabian@houseofcontrol.no

About House of Control:
House of Control develops SaaS (Software as a Service) solutions. These are
digital tools that the CFO can easily apply to improve the performance of the
finance department and - ultimately - the whole company. The CFO toolkit
contributes to at least four important tasks: Cut costs, save time, reduce risk,
and improve compliance - all key ingredients of a better-working finance
department. Private and public enterprises use the software to manage contracts
and assets, comply with IFRS 16 requirements, communicate with suppliers and
organize procurement. House of Control's strong revenue growth is supported by a
unique salesforce, and approximately 90 percent of sales are annual recurring
revenues.

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