8 December 2017

Convertible bond fully converted

The convertible bond for Vitec employees with start January 2015 is fully converted. The number of B shares has increased by 442,210, and the share capital increased by SEK 44,221. Total equity has increased by 13,985,736SEK. The total number of shares after conversion amounts to 29,838,900of which 3,350,000are Class A-shares.

For more information, please contact

Patrik Fransson, Investor Relations

This information is of such a kind that Vitec Software Group AB (publ.) is legally required to disclose pursuant to the EU's Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication at 16:30 CET on Friday, December 8, 2017.

About Vitec

Vitec is market leader for Vertical Market Software in the Nordic region. We develop and deliver standard niche software. Vitec groves 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 600 employees are based in Denmark, Finland, Norway and Sweden. Vitec is listed on Nasdaq Stockholm and had net sales of SEK 675 million in 2016. Find more at www.vitecsoftware.com