Enedo Oyj

Board/Management Information • Nov 28, 2022

Disclosure 415460

Enedo Oyj - Changes board/management/auditors

Mikael Fryklund appointed permanent CEO of Enedo Plc

Enedo Plc Stock Exchange Release 28 November 2022 at 16:30

Mikael Fryklund appointed permanent CEO of Enedo Plc

The Board of Directors of Enedo Plc has appointed Mikael Fryklund as permanent CEO of Enedo Plc. Mikael Fryklund started as Interim CEO of Enedo Plc on 8 June 2021 and one of his major projects has been to lead Enedo through the transition period into a profitable company and execute the turnaround program released during autumn 2021.

The turnaround program was finalized during H1 2022 and the net profit of Enedo turned positive during Q3 2022 in line with the plans.

Enedo Plc

Board of Directors

For more information, please contact Olle Hulteberg, Chairman of the Board of Directors,

Tel. + 46 707 20 24 44

DISTRIBUTION

Nasdaq Helsinki Ltd

Principal media

Enedo

Enedo is a European designer and producer of high-quality electronic power supplies and systems for critical equipment even in the most demanding environments. Enedo´s mission is to make electricity better – more reliable, more secure, more energy efficient – and just right to fit its purpose. Enedo´s three main product categories are Led Drivers, Power supplies and Power Systems. In 2021 the group´s revenue was EUR 36,4 million. Enedo has 330 employees, and its main functions are located in Finland, Italy, Tunisia and USA. The group´s head office is in Finland and parent company Enedo Oyj is listed on Nasdaq Helsinki Oy.

www.enedopower.com