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With reference to Note 2 in the 2021 Annual Report.

On April 20, the IFRS Interpretations Committee concluded an Agenda Decision
which provides guidance as to how a software reseller might apply the
principal/agent criteria in IFRS 15 "Revenue from Contracts with Customers" to
the resale of standard software to a customer.

The decision has implications for whether revenue from the resale of standard
software is recognized on a gross or net basis under IFRS 15. The guidance can
also be applied to the resale of standard vendor services such as extended
warranties.

In its historic accounts, Atea has determined that it acts as a principal in the
resale of standard software and vendor services and has recognized revenue from
these products and services on a gross basis (with gross invoiced sales reported
as revenue, and costs of the resold products reported as cost of goods).

Under the new guidance from the IFRS interpretations committee, Atea has
determined that it acts as an agent in the resale of standard software and
vendor services under the principal/agent criteria in IFRS 15 "Revenue from
Contracts with Customers". For this reason, Atea will implement a change to its
accounting policy and recognize revenue from these products and services on a
net basis (with gross invoiced sales, less costs of the resold products reported
as revenue).

The decision to change its accounting policy to conform with the Agenda Decision
of the IFRS Interpretations Committee requires a restatement of prior years'
accounts under IAS 8. The impact of the change in accounting policy on the 2021
audited financial statements is as follows:

  · Revenue is reduced by NOK 12.8 billion
  · Cost of goods is reduced by NOK 12.8 billion
  · Gross profit is unchanged
  · Operating profit (EBIT) is unchanged
  · Operating margin (EBIT %) increases from 2.5% to 3.7%
  · Net profit after tax is unchanged
  · Balance sheet is unchanged
  · Cash flow statement is unchanged

Atea will continue to report gross invoiced sales in its 2022 financial reports
as an Alternative Performance Measure.

Amended income statements from 2015 - 2021 (unaudited) can be found at the
following location:
www.atea.com/investors/financial-reports/accounting-policy-change-2022/

For further information, please contact:
Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188


About Atea
Atea is the leading supplier of IT infrastructure in the Nordic and Baltic
regions. Atea is present in 85 cities with over 7,500 employees in Norway,
Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers hardware
and software from leading global vendors, and provides consulting and technical
services to support its customers with the design, implementation and operation
of their IT environments. Atea had revenue of approximately NOK 41 billion (EUR
4.1 billion) in 2021 and is listed on Oslo Stock Exchange. www.atea.com

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© Oslo Bors ASA, source Oslo Stock Exchange