CHANGE OF MANAGEMENT

Date: 14 November 2016

Category: ANDRE MELDINGER

Title: Change of management

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Reference is made to the announcements on 26 October 2016 and 14 November 2016 by AgaTech ASA (formerly Agasti Holding ASA) (the “Company”) in connection with service level agreements between Obligo Holding AS and the Company and its subsidiaries being terminated with effect from 14 November 2016 and the resolution by the Company’s extraordinary general meeting today to reverse the liquidation resolution and the resolution to de-list the Company's shares from Oslo Børs.

The Company has today entered into a management agreement with SLM Partners AS pursuant to which, inter alia, Tore Viana-Rønning will act as CEO. Hege Anfindsen, board member (new), and Intelco Concept AS, a majority shareholder of the Company, are part owners of SLM Partners AS.

Contact person:
CEO, Tore Viana-Rønningen (phone +47 911 08 693)

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This information is subject of the disclosure requirements pursuant to section 5-12 cf. 4-2 of the Norwegian Securities Trading Act.