Mandatory notification of trades by primary insiders and close associates

Company announcement No. 264 Reference is made to ECIT AS' ("ECIT" or the "Company") announcement no. 252 of 4 September 2024 regarding the launch of a recommended voluntary offer (the "Offer") from Olympus BidCo AS to acquire all outstanding B- and C- class shares in ECIT against NOK 10 per share settled in cash and/ or share consideration, as further described in the offer document dated 4 September (the "Offer Document"). Reference is further made to the stock exchange announcement no. 262 dated 17 October 2024, regarding the settlement notification for the Offer. As stated in the settlement notification, the settlement will take place no later than 7 November 2024. The following persons discharging managerial responsibilities in ECIT (the "PDMR") and their closely associated persons (the "PCA"), as listed below, have accepted the Offer to sell all their shares in ECIT to Olympus Bidco AS at a price of NOK 10.00 per share and/or committed to sell or contribute their shares in ECIT to Olympus Bidco AS outside of the Offer at the same price per share. The transactions will be settled partly in cash, and partly by the sellers issuing a vendor loan to be converted to shares in Olympus TopCo AS (reinvestment), as described in Company's announcement No. 252 of 4 September 2024 and the Offer Document. Seller (PDMR or PCA) PDMR No. of shares sold/ share-class Peter Lauring Peter Lauring 1,172,000 B-shares Nykredit Pensjon Peter Lauring 320,000 A-shares Sophia Katarina GludLauring Peter Lauring 10,000 B-shares CGL Holding AS Peter Lauring 4,631,128 A-shares CGL Holding II AS Peter Lauring 36,384,940 A-shares CGL Holding II AS Peter Lauring 100,000 B-shares Plenborg Holding ApS Thomas Plenborg 2,093,129 C-shares Karl Emil Plenborg Thomas Plenborg 9,000 B-shares Pedro Fasting Pedro Fasting 2,500 B-shares Fasting & Comrades AS Pedro Fasting 749,653 B-shares Varner Kapital AS Espen Karlsen 25,000,000 B-shares Rodvang Holding AS Linda Forberg 1,081,481 B-shares Mile High Invest AS Cato A. Holmsen 3,104,362 B-shares Y-Not ApS Klaus Jensen 211,095 B-shares Y-Not ApS Klaus Jensen 14,840,253 C-shares Smilla Jensen Klaus Jensen 12,500 B-shares Elias Jensen Klaus Jensen 12,500 B-shares Altair AS Christian Bjørnstad 375,000 B-shares Jes Schjøtler Jes Schjøtler 750,000 B-shares Mads Skovgaard Mads Skovgaard 562,500 B-shares Mikkel Walde Holding ApS Mikkel Walde 279,742 B-shares Mikkel Walde Holding ApS Mikkel Walde 16,776,676 C-shares Sigrid H. S. Walde Mikkel Walde 6,055 B-shares Sofus H. S. Walde Mikkel Walde 3,755 B-shares Sewell AS Halvor S. Aspaas 4,851,139 B-shares Yttreeide AS Morten A. Yttreeide 380,000 B-shares Please see the enclosed forms for further details about the transactions. After the abovementioned transactions, no PDMRs or PCAs own any shares in ECIT. However, PDMRs, including PCAs, hold the following number of warrants to shares in ECIT (the "Warrants"): PDMR (incl. PCA) No. of Warrants Peter Lauring 1,540,000 Thomas Plenborg 420,000 Pedro Fasting 262,500 Espen Karlsen 210,000 Linda Forberg 535,000 Cato Andreas Holmsen 210,000 Klaus Jensen 770,000 Christian Bjørnstad 105,000 Mads Skovgaard 490,000 Mikkel Walde 490,000 Halvor Sewell Aspaas 376,000 Morten André Yttreeide 376,000 For description of “Warrants”, reference is made to Company announcement no. 90 regarding incentive plan. For further information please contact Mads Skovgaard, Group CFO mskovgaard@ecit.com +45 2780 4942 About ECIT Founded in 2013, ECIT supports a large customer base with accounting, payroll, and IT services. ECIT has a proven model for acquisitions, combining proximity to customers, local entrepreneurship and the strength of a larger international group. ECIT has a full-year proforma revenue of 3.8 billion NOK per H1 2024 and more than 2,500 employees across ten countries. M&A has been key to drive the Company's growth as ECIT has completed more than 135 acquisitions since 2013. Read more at www.ecit.com. This information is subject to the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3 and section 5-12 of the Norwegian Securities Trading Act.