Loan agreement with European Investment Bank (EIB)

27 Apr 2023 07:00 CEST

Atea ASA has entered into a new loan agreement for EUR 50,000,000 with the
European Investment Bank. Atea will draw the loan in a single tranche during the
coming month. The loan is unsecured and must be repaid within a term of six
years. The final rate of interest will be determined on the disbursement date.

The European Investment Bank is the world's largest multilateral lender and is
owned by the European Union Member States. The EIB supports projects that
promote the priorities and objectives of the European Union. These objectives
include Climate and Environmental Sustainability and Innovation, Digital and
Human Capital.

This is the second loan Atea has received from the European Investment Bank. The
first loan was entered in May 2018 and will mature in May 2023. Proceeds of the
new loan will be used to finance expansion and innovation within Atea's cloud
computing offering, enhancements to the company's IT platforms, and investments
in Atea's logistics center and IT recycling facility.

"We are very grateful that the EIB has chosen to support our expansion programs
and are committed to work toward the EU's goals with regard to data autonomy,
data sovereignty and the environment," commented Robert Giori, Chief Financial
Officer.

For further information, please contact:
Robert Giori, Chief Financial Officer Atea ASA, mobile (+47) 934 09 188

About Atea
Atea is the leading supplier of IT infrastructure in the Nordic and Baltic
regions. Atea is present in 88 cities with over 8,000 employees in Norway,
Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers hardware
and software from leading global vendors, and provides consulting and technical
services to support its customers with the design, implementation and operation
of their IT environments. Atea had gross sales of approximately NOK 47 billion
(EUR 4.6 billion) in 2022 and is listed on Oslo Stock Exchange. www.atea.com

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