Hoist Finance

Board/Management Information • Jun 9, 2017

Hoist Finance initiates recruitment of new CEO - Jörgen Olsson to become deputy chairman

After eight years in leading positions within Hoist Finance, CEO Jörgen Olsson has notified the Board of Directors of his intention to find a new form to contribute to the company's continued positive development and his desire to leave the post as CEO. Jörgen Olsson will remain in his position as member of the Board and it is proposed that he will be appointed Deputy Chairman. A recruitment process for a new CEO will therefore be initiated.

– After almost eight fantastic years with Hoist Finance, I have come to the conclusion that it is time to start planning for the next phase in our growth journey. Going forward, I want to contribute to Hoist Finance's vision to be the leading partner of international banks and financial institutions in the role as board member and one of the company's major shareholders, says Jörgen Olsson.

When Jörgen Olsson joined Hoist Finance in 2009, the company was a minor player with operations in a limited number of countries. Today, Hoist Finance is a listed company with 1,500 employees in 11 countries with a market value of approximately SEK 7 billion. In 2016, Hoist Finance reported a profit before tax of SEK 533 million. In the first quarter of 2017, the profit before tax increased with 50 percent compared to 2016.

– As shareholders and employees, we have a lot to thank Jörgen for in the way he has led this successful company. The Board wishes to safeguard that Jörgen's experience, driving force, competence and network will continue to be of future value to Hoist and it is therefore intended to appoint him deputy chairman as of the new CEO's appointment. Jörgen's transparency and foresightedness shows his great care for Hoist Finance and his strength as leader, says Ingrid Bonde, chairman of the board.

A short conference call for investors, analysts and media will be held at 15.00 AM (CET). Dial-in details for the conference call: SE: +46 85 664 2509 UK: +44 20 3008 9806 US: +1 855 831 5945

For further information please contact:

Jörgen Olsson, CEO, Telephone: +46 (0)8 555 177 98

Michel Jonson, Group Head of Investor Relations, Telephone: +46 (0)8 555 177 19

About Hoist Finance

Hoist Finance is a trusted debt restructuring partner to international banks and financial institutions. We are specialised in serving banks in handling non-performing loans, and supporting individuals in becoming debt free. Through expertise and rigorous compliance we earn the banks' trust. Through respect, honesty and fairness we earn the trust of our customers.

The information above has been published pursuant to the Swedish Securities Markets Act (Sw. lagen om värdepappersmarknaden) and/or the Swedish Financial Instruments Trading Act (Sw. lagen om handel med finansiella instrument). This information was released for publication at 08:00 CET on 9 June 2017.