Arribatec appoints Bent Hammer as new CFO

Oslo, 23 March 2026 – Arribatec Group ASA ("Company") today announced that its Group Chief Financial Officer, Magnus Hofshagen, will be stepping down from his role effective 31 March 2026. Mr. Hofshagen has accepted the position as Chief Operating Officer at Noventiq, an international IT services and solutions company.

"We are grateful to Magnus for his significant contributions to Arribatec. As our CFO, he played a central role in strengthening our financial reporting, driving the company’s turnaround, and building a capable finance function. We wish him every success in his new role," said Ole Jakob Kjølvik, CEO of Arribatec Group ASA.

"I am proud of what we have achieved together at Arribatec. The company has been through an extensive turnaround, and I am grateful to have been part of that journey alongside a talented and dedicated team. Leaving a team for which I have great respect is not an easy decision, but I look forward to my next challenge and will continue to follow Arribatec's progress with great interest," said Magnus Hofshagen.

The Company has appointed Bent Hammer as its new Group CFO, effective no later than 1 July 2026. Mr. Hammer brings over 25 years of senior finance leadership experience from the IT and consulting sectors. He joins from Itera ASA, a listed Nordic IT and consultancy company with operations across eight countries, where he has served as Group CFO since 2015. Prior to Itera, Mr. Hammer held the CFO position at Capgemini Norge AS and has extensive experience in M&A, digital transformation, investor relations, and scaling finance functions in listed, growth-oriented companies. He holds an MBA from the McCombs School of Business, University of Texas at Austin.

"We are delighted to welcome Bent to Arribatec. His extensive experience within our sector, combined with a proven track record in driving growth and profitability, makes him the right person to take on the CFO role and support Arribatec's ambitions and value creation for our shareholders, said Ole Jakob Kjølvik, CEO of Arribatec Group ASA.

"I look forward to joining Arribatec, a company that has built a strong position in business-critical IT, cloud, and consulting services following a successful financial turnaround. The intersection of technology, consulting, and finance is where I have built my entire career, and I believe my experience from listed, growth-oriented IT companies will help strengthen profitability, scalability, and shareholder value in the next phase," said Bent Hammer.

Mr. Hofshagen will ensure an efficient handover prior to his departure and will remain available to support the transition.

About Arribatec | www.arribatec.com Arribatec is a software and consulting company headquartered in Oslo. With a customer-centric engagement model combined with deep system, integration, and domain expertise, Arribatec builds long-term strategic partnerships with a broad customer base. Arribatec serves more than 1,700 companies across 25 countries in both the private and public sectors. The company employs over 280 people with offices in 11 countries and is listed on the Oslo Stock Exchange under the ticker code ARR.

For further information, please contact: Ole Jakob Kjølvik, CEO, Arribatec Group ASA, +47 915 98 395, olejakob.kjolvik@arribatec.com