Hoist Finance

AGM Information • May 14, 2020

PRESS RELEASE Stockholm May 14, 2020

Bulletin from Hoist Finance AB (publ)'s Annual General Meeting 14 May 2020

Hoist Finance's Annual General Meeting (the "Meeting") was held at 11:00 a.m. on Thursday 14 May 2020, in Stockholm.

Approval of the Income Statement and the Balance Sheet

The Meeting approved the income statement and the balance sheet for the parent company, as well as the consolidated income statement and the consolidated balance sheet for the financial year 2019.

Disposition of Earnings

The Meeting resolved, in accordance with the Board of Directors' proposal, that the unappropriated earnings at the disposal of the Annual General Meeting shall be carried forward, meaning that no dividend is paid.

Board of Directors

The Meeting discharged the members of the Board of Directors and the CEO from liability for the financial year 2019.

Current members of the Board of Directors Ingrid Bonde, Cecilia Daun Wennborg, Malin Eriksson, Liselotte Hjorth, Robert Kraal and Lars Wollung were re-elected. Henrik Käll was elected as new member of the Board of Directors. The Meeting reelected Ingrid Bonde as Chairman of the Board of Directors. The former members of the Board of Directors Marcial Portela and Joakim Rubin resigned at the Meeting.

Auditor

The Meeting elected, in accordance with the Nomination Committee's proposal, EY as auditor until the end of the Annual General Meeting 2021. EY has informed that the authorised public accountant Daniel Eriksson will be the auditor in charge.

Compensation to the Board of Directors

The remuneration to the Board of Directors was set as follows, in accordance with the Nomination Committee's proposal; SEK 1,475,000 to the Chairman of the Board of Directors, SEK 490,000 to each of the other members of the Board of Directors, SEK 200,000 to the Chairman of the Risk and Audit Committee, SEK 125,000 to each of the other members of the Risk and Audit Committee, SEK 175,000 to the Chairman of the Investment Committee, SEK 100,000 to each of the other members of the Investment Committee, SEK 50,000 to the Chairman of the Remuneration Committee and SEK 50,000 to each of the other members of the Remuneration Committee.

Compensation to the auditor

The Meeting approved, in accordance with the Nomination Committee's proposal, that the auditor shall be entitled to a fee in accordance with approved invoices.

Guidelines for remuneration to senior executives

The Meeting approved the Board of Directors' proposal regarding guidelines for remuneration to senior executives.

Deferred variable remuneration in the form of shares in accordance with the Deferred Bonus Plan 2020

The Meeting resolved to approve the Board of Directors' resolution on deferred variable remuneration in the form of shares in accordance with the Deferred Bonus Plan 2020. The maximum number of shares that may be allotted under the Deferred Bonus Plan amounts to 1,000,000 and will be paid out during the years 2022 -2024. The intention of the Board of Directors is to hedge the delivery of shares and administrative expenses through a so-called share swap agreement with an external party. The maximum total cost for the Deferred Bonus Plan is estimated to