Operating officer utilizes option and buys 30,000 shares

Gert Gustafsson, Operating officer for 7 of a total of 23 business units within Vitec, has acquired 30,000 shares of Series B. 2020-01-10. The acquisition is made through the exercise of options issued by the founders Lars Stenlund and Olov Sandberg in January 2017.

For more information, please contact

Patrik Fransson, Investor Relations

patrik.fransson@vitec.se

+46-76-9428597

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 700 employees are based in Denmark, Finland, Norway and Sweden. Vitec is listed on Nasdaq Stockholm and had net sales of SEK 1 017 million in 2018. Find more at vitecsoftware.com.