(Oslo, 29 October 2020) The board of Directors of Arribatec Solutions ASA
(Arribatec, OSE:ARR) today announces the appointment of Per Ronny Stav as Chief
Executive Officer (CEO).

“We´re pleased to announce the appointment of Per Ronny Stav as the CEO of the
listed entity following the acquisition of Arribatec AS, the new consolidation
strategy and subsequent name change. Per Ronny is founder of Arribatec AS and
has developed the company into a fast-growing global software and consultancy
company with a solid foundation for further growth and expansion. We look
forward to work with Per Ronny and his team to leverage on the opportunities
ahead, ” says Martin Nes, chairman of the board of directors.

The board of directors of directors of Arribatec has appointed Per Ronny Stav as
CEO effective immediately. Stav comes from the position as CEO of Arribatec AS,
recently acquired by Hiddn Solutions ASA with the subsequent name change to
Arribatec Solutions ASA. Stav is the founder of Arribatec AS and has 25 years of
executive management experience from companies like Unit4 and Visma. 

“The entire Arribatec team is highly motivated to deliver on our next growth
journey as a listed company. We have a strong track-record for profitable
growth, with tier-1 international customers and an attractive recurring revenue
base. With the strong outlook and significant market opportunities, I look
forward to work with Martin and rest of the board to pursue further M&A
initiatives and accelerate the organic growth, ” says Per Ronny Stav, which
holds 79 787 234 shares in Arribatec. 

Lars Christian Stugaard, serving as interim CEO on hire from the investment firm
Ferncliff, will continue to support Arribatec in a transition period. 

For further information, please contact: 

Martin Nes, chairman: +47 920 14 814 / e-mail: martin@ferncliff.no
Per Ronny Stav, CEO, +47 994 42 379 / e-mail: perronny.stav@arribatec.com
Lars Christian Stugaard, interim CEO: +47 476 30 522 / e-mail: lars@ferncliff.no

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 200 large entities spread over 20
countries and various industries, both in the private and public sector. The
company employs over 110 people with offices in 8 countries and is listed on the
Oslo Stock Exchange under the ticker code ARR.