The nomination committee in Hiddn Solutions ASA ("Hiddn" or "The company")
consists of Line Sanderud Bakkevig, Henning Astrup and Øystein Tvenge (leader of
the committee).

The Nomination Committee sees it as its most important task to ensure that the
Board has the necessary competence and capacity to carry out the tasks assigned
to the Board. The Committee has also set a goal that the board should be
composed of individuals with the will and ability to cooperate. In its
assessments, the Committee has emphasized the Company's situation as a listed
company with no significant operational activities and the changed shareholder
composition with Tycoon Industrier AS as a new significant shareholder.

The nomination committee has been in contact with the largest shareholders, the
board and the administration. The committee's work is also regulated by
guidelines for the nomination committee in Hiddn Solutions ASA, adopted at the
general meeting on June 26, 2013. According to the company's articles of
association, the board shall consist of three to seven members.

The Nomination Committee propos that the Company elects a new board of three
members; Martin Nes (Chairman) Yvonne Sandvold and Øystein Stray Spetalen.

The proposal means that the members of the Board of Directors will be
independent of the Company's senior management and significant business
relations, but that only one member (Yvonne Sandvold) will be independent of the
company's main shareholders. The Nomination Committee's proposal will therefore
not fully comply with the recommendation in NUES that at least two members
should be independent of the company's main shareholders. However, the
Nomination Committee is of the opinion that in the Company's current situation,
a board of three members will be appropriate and the Committee considers the
proposed members to be both qualified and to be a great resource as well as
ensure that the Board can be an important contributor in connection with The
company's restructuring process.

Attached to the recommendation is the CV for the proposed members.
The nomination committee thanks the investigating board members for their work
for the company during the time they have been elected to the board.

Oslo, 6. February 2020
Øystein Tvenge
Leader of the committee


For further information, please contact: 
Jørgen Waaler, CEO 
Telephone: +47 905 90 010 
E-mail: jorgen@waaler.no


This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

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