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Regulatory press release

Zutec Holding AB: ZUTEC SIGNS SEK4.3M ENTERPRISE AGREEMENT WITH CAIRN HOMES

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Zutec Holding AB (publ) ("Zutec") today announced that it has signed an Enterprise Agreement with Cairn Homes, the leading Irish home building company. As part of the agreement, Cairn Homes will be using Zutec's proprietary software as a Common Data Environment ("CDE") across its construction projects. The three-year contract is worth ca SEK4.3m and is for software licensing for our Cloud and Field products.

"We have been working with Cairn Homes on a number of recent construction projects and we are excited that Cairn Homes has experienced the benefits our software can bring to construction projects. Our software is ideally suited for housebuilders and contractors alike in order for it to be used across document management, field use involving inspections and quality control and quality assurance as well as our powerful analytics tool. We are proud to be part of Cairn Homes digital strategy and we look forwards to a strong partnership", says Gustave Geisendorf, CEO of Zutec.

For more information, please contact:
Gustave Geisendorf, CEO at Zutec, gustave.geisendorf@zutec.com,+353 1 201 3565

About Zutec 

Zutec is a provider of cloud-based construction management software with offices in Dublin, London and Melbourne.

Zutec Holding AB (publ) is listed on Nasdaq First North Growth Market and Mangold Fondkommission AB is the Company's acting Certified Adviser (Tel. + 46 8 5030 1550, CA@mangold.se, www.mangold.se).

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