C-RAD

Board/Management Information • Dec 12, 2016

Press release 2016-12-12

C-RAD appoints new CFO

Therése Björklund has been appointed new CFO of C-RAD. Therése has been Interim CFO of the Company since October 2016, after C-RADs former CFO Erling Tomasson was released from his duties.

Therése has been working with accounting and company management since 2004 in positions as Head of Finance and Administration at Tbricks, an international financial software developer, between 2008 and 2013, and senior accountant and interim CFO at the engineering consultancy firm PQR International Group in 2013-2016. Therése joined C-RAD in the position as Chief Accountant in August, 2016.

"I am very pleased to announce Therese´s appointment as C-RAD's new Chief Financial Officer. She has a good background across all major disciplines within finance from different listed and unlisted companies. During her time at C-RAD, first as Chief Accountant and later as Interim CFO, she has accomplished a significant progress of the development in the finance department." says Tim Thurn, CEO C-RAD AB. "It was an easy decision to move her from the position as Interim CFO to the CFO role."

"I am honored to take on the position as CFO for C-RAD in an exciting period of the Company. I am looking forward to using my experience to further develop the Company and to work together with C-RADs competent and committed personnel towards our joint vision - helping to cure more cancer patients and improve their quality of life", says Therése Björklund.

About C-RAD

C-RAD develops innovative solutions for use in advanced radiation therapy. The C-RAD group offers products and solutions for patient positioning, tumor localization and radiation treatment systems. All product development is conducted in three fully owned subsidiaries: C-RAD Positioning AB, C-RAD Imaging AB and C-RAD Innovation AB, all of which are located in Uppsala, Sweden. C-RAD has established three companies for direct sales: C-RAD Inc. in the US, C-RAD GmbH in Germany and C-RAD WOFE in China. Cyrpa International SPRL, a Franco-Belgian laser company, is a wholly owned subsidiary whose operations are integrated. C-RAD AB is listed on NASDAQ Stockholm.

For more information on C-RAD, please visit www.c-rad.com

For further information:

Tim Thurn, CEO C-RAD AB, Phone +46-18-666930, Email investors@c-rad.com

This information is information that C-RAD AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication at 08:30 CET on December 12, 2016.