Dustin Group

AGM Information • Dec 13, 2016

Press release Stockholm, 13 December 2016

Annual General Meeting 2015/16

Dustin Group AB (publ) ("Dustin" or the "Company") today announced that the company's Annual General Meeting (AGM) held today voted to support all of the resolutions that the Board of Directors and Nomination Committee proposed to the AGM.

The AGM re-elected Fredrik Cappelen, Gunnel Duveblad, Johan Fant, Tomas Franzén, Mattias Miksche and Maija Strandberg as directors of the Board and elected Caroline Berg and Mia Brunell Livfors as new directors of the Board, and re-elected Fredrik Cappelen as Chairman of the Board. The AGM re-elected the registered accounting firm EY as auditor until the close of the 2016/17 AGM. Jennifer Rock Baley will continue as auditor-in-charge.

The AGM approved the annual report for 2015/16 and resolved on dividend of SEK 2.40 per share. The record date was decided to be Thursday 15 December 2016. The dividend is estimated to be paid out to the shareholders on Tuesday 20 December 2016.

The AGM discharged the directors of the Board and the CEO from liability for the financial year 2015/16.

The AGM also resolved to:

• approve remuneration to the Board and auditor and procedures for the Nomination Committee;
• approve guidelines for the remuneration to senior executives as well as the principles and scope for Dustin's long term share-related incentive plan 2017. The Incentive plan consists of an issue of not more than 1,159,996 warrants, in one series, within the scope of an employee incentive plan for group management. In total, approx. 25 persons will be invited to participate in the plan. The warrants shall be able to be subscribed for by the wholly-owned subsidiary Dustin AB, which shall transfer the warrants to employees within the group. The transfer of the warrants to the participants shall be made at a price corresponding to the market value of the warrant (i.e. the premium). Based on the number of shares and votes outstanding in the company, the proposed incentive plan implies, upon exercise of all 1,159,996 warrants, a full dilution corresponding to approximately 1.5 per cent of the total number of shares and votes outstanding in the company. The incentive plan also gives participants in Norway a possibility to participate in a synthetic option plan. Information about Dustin's current incentive plans is available in the annual report and on the Company's website, www.dustingroup.com.

For further information, please contact:

Fredrik Sätterström, Head of Investor Relations

fredrik.satterstrom@dustin.se, +46 705 10 10 22

Contact person:

Eva Ernfors, Head of Information eva.ernfors@dustin.se, +46 70 258 62 94

About Dustin

Dustin is one of the leading Nordic resellers of IT products with associated services to companies, the public sector and private individuals. With its core business in e-commerce, Dustin functions as a bridge between the manufacturer's wide-ranging offerings and customer requirements, in which Dustin's employees support customers in finding the appropriate solution for them.

Dustin is a one-stop-shop that offers some 200,000 products with associated services, features and solutions. Operations are conducted in Sweden, Denmark, Norway and Finland.

The company has approximately 900 employees. Sales during the 2015/16 financial year amounted to approximately SEK 8.3 billion. About 90 per cent of Dustin's income derives from the corporate market with a focus on small and medium-sized companies. Dustin Group has been listed on Nasdaq Stockholm since 2015 and has its head office in Nacka, Stockholm.