Kitron ASA: Completion of acquisition of DeltaNordic and issuance of consideration shares

12 Jan 2026 13:25 CET

(2026-01-12) Reference is made to the stock exchange announcement made by Kitron
ASA (the "Company" or "Kitron") on 19 November 2025 regarding the entering into
agreement to, through its subsidiary Kitron Holding AB, acquire DeltaNordic AB
(the "Transaction"). As disclosed in the said announcement, the purchase price
for the shares in DeltaNordic AB will be partly settled by issuance of SEK 150
million in Kitron shares.

In connection with completion of the Transaction, Kitron's board of directors
has today resolved to issue 2,299,612 new shares to the sellers pursuant to the
existing board authorisation to issue new shares granted by the Company's annual
general meeting held on 24 April 2025.

1,192,927 of the consideration shares are subject to a lock-up period of 12
months and 1,106,685 consideration shares are subject to a lock-up period of 6
months on the terms and conditions of the share purchase agreement.

Following registration of the share capital increase pertaining to the
consideration shares with the Norwegian Register of Business Enterprises, the
Company will   have a   share capital of NOK 21,870,247.10 divided into
218,702,471 shares, each with a par value of NOK 0.10.

For further information, please contact:

Peter Nilsson, President and CEO, tel. +47 948 40 850

Cathrin Nylander, CFO, tel.: +47 900 43 284

Email: investorrelations@kitron.com (mailto:investorrelations@kitron.com)

Kitron is a leading Scandinavian electronics manufacturing services company for
the Connectivity, Electrification, Industry, Medical devices and
Defence/Aerospace sectors. The group has operations located in Norway, Sweden,
Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China
and the United States. Kitron has about 3 000 employees, and revenues were EUR
647 million in 2024.

www.kitron.com (http://www.kitron.com)

This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site