Mandatory notification of Trade Primary Insiders. Company announcement No. 118

On December 8, 2022, Mile High Invest AS, a company closely associated to PDMR Cato Holmsen, acquired 915,562 ECIT-shares in connection with a demerger of a family-owned company. Mile High Invest AS owned 2,188,800 prior to the transaction. After the transaction, Cato Holmsen`s total number of shares, including the shares owned by persons closely associated to him, is 3,104,362.

About ECIT

ECIT was founded in 2013 and support a large customer base with accounting, payroll, and a broad range of IT services. ECIT has a well-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.