Addtech AB — Board/Management Information 2020

May 29, 2020

ADDTECH

Press release

The Nomination Committee’s proposal for the Board of Directors of Addtech AB

The Nomination Committee proposes that Johan Sjö will be elected as Chairman of the Board at the 2020 Annual General Meeting. The Committee also proposes the re-election of Board members Eva Elmstedt, Kenth Eriksson, Henrik Hedelius, Ulf Mattsson and Malin Nordesjö. Niklas Stenberg is proposed as new Board member.

The current Chairman Anders Börjesson has declined re-election. Johan Sjö has solid experience of the company, which will ensure continuity of the Board’s work.

"After nineteen years of successful growth and development in Addtech it is with pride that I leave the position as Chairman. My commitment to Addtech will remain strong and I am convinced that the new Chairman Johan Sjö together with CEO Niklas Stenberg will continue to develop the company according to the core values that have been our guiding star throughout the years", says Anders Börjesson, the Chairman of the Board and of the Nomination Committee.

Johan Sjö, born 1967, holds a Master of Science in Business and Economics, and has been a Board member since 2008 and was CEO of Addtech from 2008 to August 31, 2018. Johan is a senior advisor to Nordstjernan. He is Chairman of the Board for AddLife, Momentum Group, OptiGroup and Prosero Security Group, and Board member at Camfil and M2 Asset Management.

Niklas Stenberg, born 1974, holds a Bachelor of Laws. He is the CEO of Addtech since September 1, 2018, and has been with the Group since 2010.

The Nomination Committee’s proposal entails that the number of Board members will remain unchanged to seven during the forthcoming term of office.

The Addtech Nomination Committee for the 2020 Annual General Meeting consists of Anders Börjesson (Chairman of the Board), Henrik Hedelius (appointed by Tom Hedelius),

Addtech is a technology trading group that provides technological and economic value added in the link between manufacturers and customers. Addtech operates in selected niches in the market for advanced technology products and solutions. Its customers primarily operate in the manufacturing industry and infrastructure. Addtech has about 2 900 employees in around 130 subsidiaries that operate under their own brands. The Group has annual sales of about SEK 11 billion. Addtech is listed on Nasdaq Stockholm.

This information is information that Addtech AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out below, at 5.20 p.m CET on May 29th 2020.

www.addtech.com

Pressrelease - Addtech 2020

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ADDTECH

Åsa Nisell (appointed by Swedbank Robur fonder), Mats Gustafsson (appointed by Lannebo fonder) and Per Trygg (appointed by SEB Investment Management).

Stockholm, May 29th 2020

Addtech AB (publ)

For further information, please contact:
Niklas Stenberg, President of Addtech AB, +46 702 67 94 99
Malin Enarson, CFO, +46 705 97 94 73

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