ECIT AS

Grant of share warrants

Mandatory notification of Trade Primary Insiders

Company announcement No. 123

Marcus Birk

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 programme, the following transactions have
been made by primary insiders “PDMRs” in ECIT:

Date PDMR Warrants granted
06.01.23 Espen Karlsen 75,000
06.01.23 Linda Forberg 215,000
06.01.23 Mads Skovgaard 175,000
06.01.23 Cato Holmsen 75,000
06.01.23 Christian Bjørnstad 37,500

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:

Espen Karlsen 25,000,000 shares and 75,000 warrants
Linda Forberg 1,221,635 shares and 215,000 warrants
Mads Skovgaard 737,500 shares and 175,000 warrants
Cato Holmsen 3,104,162 shares and 75,000 warrants
Christian Bjørnstad 375,000 shares and 37,500 warrants

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

Do you have any questions?

Feel free to contact Thomas

+45 22 88 30 31