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Regulatory press release

ZAP: Succession in Zaptec. Thingbø resigns. Østrem takes over until further notice

Zaptec
CEO in Zaptec AS, Anders Thingbø, resigns from his position in the company to
manage own investments. Thingbø has lead the company through strong and
profitable growth which includes increasing international expansion and listing
on Euronext Growth. The board of directors thanks Thingbø for the efforts he has
made in these four years where the company has been developed from a small
private technology company to today's Zaptec.

Zaptec will reimburse parts of Thingbø's remaining options based on existing
agreements between the company and Thingbø. Following a recommendation from
Thingbø, it has been agreed that he will resign from 28.2.2022.

The board of directors have appointed Kurt Østrem, CFO, as acting CEO of the
company. Østrem has worked in the company since May 2014. Thus, he knows the
company, the organization and the market very well and will lead the company in
a good way until further notice. The board of directors desires to spend some
time considering a permanent solution in light of the company's plans for
listing on the main list and the further major international growth ambitions.

Contact:
Stig H. Christiansen, Chairman of the board, Zaptec AS
Tel: +47 47 80 78 13, e-mail: Stig.H.Christiansen@Prosafe.com

About Zaptec:
Zaptec AS is a technology company within Electric vehicle (EV) charging systems
in Europe. The company develops EV charging systems for multi and single-family
homes and office buildings. The product portfolio enables large number of
charging points at a low cost and includes Zaptec Pro, Zaptec Go, Charge365
payment services, Charging columns, Zaptec Portal, and Zaptec APM. The company
accelerates the electrification of the transport sector to assist European
countries in reducing CO2 emissions from light-duty cars.
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