New ECIT AS Board of Directors. Company announcement No. 69

Referring to Company announcement no. 68, the Annual General Meeting in ECIT AS (ECIT) has elected a new Board of Directors, appointing three new board members.

The new Board of Directors in ECIT is as follows:

- Thomas Plenborg, Chairman (New)
- Pedro Fasting (Deputy chairman of the board)
- Cato A. Holmsen
- Espen Karlsen (New)
- Linda Forberg (New)
- Klaus Jensen
- Christian Bjørnstad (observer)

Thomas Plenborg is appointed new Chairman of the Board. Mr. Plenborg has extensive experience from serving as Chairman in multinational companies, including DSV, listed on the Danish stock exchange and one of the world’s leading freight forwarders.

Mr. Plenborg is a full Professor at the Department of Accounting and Auditing at Copenhagen Business School.

Mr. Plenborg has extensive management experience from strategy and finance, including directorships and honorary offices, as well as considerable experience from international companies. Mr. Plenborg is an internationally recognized expert in the field of company valuation.

Linda Forberg, former entrepreneur, now operational responsible for the finance and accounting sub-division in Norway, will take place as a new member of the Board of Directors.

Espen Karlsen, board member of capital fund Varner Kapital, with experience from various board positions, will take place as a new member of the Board of directors.

ECIT sends its gratitude and thanks to Christian Bjørnstad and Henrik Lie-Nielsen as previous members of The ECIT Board of Director`s for their valued role and support in bringing ECIT to the present level of operations including the recent listing of ECIT at Euronext Growth.

Pedro Fasting changes his role from Chairman to become the Deputy chairman of the Board of Directors. Review of the composition of the Board of Directors in ECIT was addressed in the Information Document as part of the listing process on Euronext Growth Oslo in May 2021.

The new Board of directors will comprehend the competence and experience necessary to continue a profitable growth development in ECIT going forward. “ECIT is an exciting player in the combined market for digital IT and F&A* services. ECIT has the potential to create long term profitable growth by taking part in the digital development within the IT and F&A industries. I look forward to cooperating with the board & management team of ECIT”, says the new Chairman; Thomas Plenborg.

*F&A= finance and accounting

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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