Divestment of Cloud Connection AS. Company announcement No. 63

PC System Senteret AS, a 70% owned subsidiary of ECIT AS, has accepted an offer to
sell its shares in Cloud Connection AS. PC System Senteret AS owns 50% of Cloud
Connection AS. The sale has no material financial impact.

* PC System Senteret AS has been merged into ECIT Capstone AS as per March 17th 2022.

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 2.55
billion NOK and +2,200 employees across 10 countries. M&A has been a key driver of
the Company's growth and ECIT has completed more than 125 acquisitions since 2013.

Read more at www.ecit.com