Changed number of votes

The number of votes in Vitec Software Group AB (publ.) has in July changed as a result of a conversion of 300,000 Class A shares to 300,000 Class B shares. The conversion has taken place with support of the possibility for A shareholders to request the conversion of A shares into B shares specified in the Articles of Association §5 Class of shares.

After the conversion, there are a total of 32,573,216 registered shares, of which 3,050,000 Class A shares with 30,500,000 votes and 29,523,216 Class B shares with 29,523,216 votes. The total number of votes in the company as of July 31, 2020 is 60,023,216.

For more information, please contact

Patrik Fransson, Investor Relations

patrik.fransson@vitecsoftware.com

+46-76-9428597

Disclaimer

This information is of such a kind that Vitec Software Group AB (publ.) is legally required to disclose the Swedish Securities Market Act. The information was submitted for publication at 09:00 CET on Friday, July 31, 2020.

About Vitec

Vitec is market leader for Vertical Market Software in the Nordic region. We develop and deliver standard niche software. Vitec grows through acquisitions of well-managed and well-established software companies. The Group's overall processes together with the employees' in-depth knowledge of the customer's local market enables continuous improvement and innovation. Our 800 employees are based in Denmark, Finland, Norway and Sweden. Vitec is listed on Nasdaq Stockholm and had net sales of SEK 1 156 million in 2019. Find more at www.vitecsoftware.com.