Changes to share capital registered. Company announcement No. 54

Reference is made to the stock exchange notice (47) by ECIT AS on December 23rd,

The amendment to the Articles of Association in relation to the capital increase
of NOK 968,614 through issue of 968,614 B-shares was unanimously approved at the
Board meeting on December 22nd, 2012.

968,614 new Class B shares at par value NOK 1.00 are issued as settlement for a
portion of the consideration for ECIT AS’ purchase of 50.1% of Partner Regnskap

The changes are now registered in The Brønnøysund Register Centre.

The share capital is increased from NOK 445,957,744 with NOK 968,614 to
NOK 446,926,358, by issuing 968,614 new Class B shares, each with a nominal
value of NOK 1.

The ECIT-shares are valued at NOK 7.75851 per. share. The price corresponds to
VWAP of ten (10) trading days before closing. Closing took place on December
22nd, 2021.

The shares are divided between three share classes and the distribution of
shares is as follows:    

• Class A, 41,336,068 shares
• Class B, 340,649,007 shares
• Class C, 64,941,283 shares

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

About ECIT

ECIT was founded in 2013 and supports a large customer base with Accounting, Payroll and a broad range of IT services and solutions. ECIT has a well-proven model for acquisition and integration, ensuring proximity to customers and local entrepreneurship combined with the strength of being a larger international group. ECIT has a proforma revenue (2021) of 2.55 billion NOK and +2,200 employees across 10 countries. M&A has been a driver of the Company's growth and ECIT has completed more than 125 acquisitions since 2013.

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