Initiation of share repurchase program

23 Oct 2024 07:01 CEST

The Board of Directors of Atea ASA has resolved to initiate a share repurchase
program. The share repurchase program is in accordance with the power of
attorney granted to the Board by the Annual General Meeting of Atea ASA on April
25, 2024.

The share repurchase program will be for a maximum consideration of NOK 120
million, and for a maximum of 650,000 shares. The program will commence on
October 23, 2024 and continue until April 29, 2025 or until the maximum number
of shares has been repurchased. Buyback transactions will be executed according
to the market price on the Oslo Stock Exchange, and the maximum price to be paid
per share under the program is NOK 180. Shares repurchased under the program
will be used to fulfill the company's obligations under its share-based
compensation agreements. Atea will appoint a financial institution to carry out
the share repurchase program.

The maximum number of shares purchased per day will be 25% of the average daily
turnover in the 20 trading days preceding the date of purchase. This limit is in
accordance with Market Abuse Regulation (MAR) requirements as described in
Article 3 of the EU Commission delegated regulation 2016/1052, and as
implemented in Norway under the Securities Trading Act.

For more information, please contact:
Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655
Robert Giori, CFO 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 revenue of approximately NOK 35 billion (EUR
3.1 billion) in 2023 and is listed on Oslo Stock Exchange. www.atea.com

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