ARRIBATEC ACQUIRES FACIL AS (Oslo, Norway, 9 November 2020) Arribatec Solutions ASA (Arribatec, OSE: ARR) today announces the acquisition of 100% of the shares in Facil AS (Facil), a Solution as a Service (SolaaS) provider to the global hotel industry, as part of the strategy of creating a leading SolaaS company through organic growth and accretive acquisitions. “Facil is a certified Oracle partner and has developed an industry leading check-in and guest engagement solution for the international hotel industry. This accretive acquisition strengthens our existing offering for the digitization of the global hospitality industry, including the rapidly growing segment for contactless customer engagement. Additionally, Facil has a highly competent management team that will drive further innovation and the roll-out of our joint offering Certify and Facil to the global hospitality business, “says Per Ronny Stav, Chief Executive Officer of Arribatec. Facil, headquartered in Oslo, has created a leading solution for easy check-in, check-out, rooms access, and order all of the hotel’s services, without needing to contact the hotel reception. The company is a certified Oracle partner, the world´s largest provider of Property Management Solutions (PMS) to the hotel industry and will complement the Arribatec Certify housekeeping solution that is developed together with Wynn & Encore, Las Vegas, USA. Facil has an annual recurring revenue base of NOK 2.1 million primo November 2020 and a strong sales outlook. “Arribatec has entered into a distribution agreement with the Preferred Hotel Group, with their 850 leading hotels in 85 countries, to become an IT solution provider to their hotels. By combining Facil and Arribatec Certify we will strengthen our offering towards an industry being rapidly digitalized with contact free solutions. The transaction also ticks another box in our strategy of creating a leading Solution as a Service company through accretive M&A initiatives and accelerated organic growth, “Stav concludes. The transaction will be settled by issuance of 12,423,200 shares in Arribatec Solutions ASA at a subscription price of NOK 1.50 per share, ex dividend. The Facil team of 4 employees and founders holding 70,4% of the shares in Facil prior to the transaction will continue with Arribatec and have agreed to a lock-up of 18, 30 and 42 months for their shares in Arribatec, in line with the rest of the key resources in Arribatec.