Reference is made to Company announcement No. 90, where the Board resolved to implement an incentive plan (the "Incentive Plan") for employees, management and board members of ECIT and its subsidiaries.

In connection with the share warrant program, the following transactions have been made by primary insiders “PDMRs” in ECIT:

After the abovementioned transactions, the following PDMRs total number of shares (all share classes), including the shares owned by their closely associated persons, are as follows:

The share warrants will have a strike price of NOK 6.95 per share, based on a volume weighted average price “VWAP” for the last 3 months. The terms for The Warrants Plan are as described in the “Incentive Plan” in Company announcement no. 90.

Warrants have also been allocated to non-PDMRs, accordint to the terms in the “Incentive Plan” in Company announcement no. 90. The remaining incentive units described in the “Incentive Plan” will be distributed later.

About ECIT

Founded in 2013, ECIT supports a large customer base with accounting, payroll, and a broad range of IT services. ECIT has a proven model for acquisition and integration, ensuring proximity to customers and local entrepreneurship combined with the strength of a larger international group. ECIT has a proforma revenue (2021) of 2.6 billion NOK and

+2,300 employees across 10 countries. M&A has been a key driver of the Company's growth and ECIT has completed more than 130 acquisitions since 2013. Read more at www.ecit.com

For further information please contact

Iselin Paulsen, Head of Communication
Iselin.paulsen@ecit.com
+47 901 40 166

Mads Skovgaard, Group CFO
mskovgaard@ecit.com
+45 2780 4942