Eltel — Board/Management Information 2018

Oct 9, 2018

Press release on 9 October 2018 at 12.00 CET

Changes in Eltel Group Management Team

Peter Uddfors, Group Management Team member and Managing Director Eltel Sweden, has decided to resign and is leaving his position after a short transition period. Casimir Lindholm, President and CEO of Eltel AB, will temporarily assume the role as MD of Eltel Sweden until a permanent solution is in place.

Leif Göransson, previously Director Group Projects and Operations, takes on a newly established role as Chief Operating Officer for Eltel Sweden with focus on operational activities. Leif will remain a member of Eltel Group Management Team.

"I would like to thank Peter Uddfors for his contributions to Eltel over the years. Peter has played an important role in developing the Communication business. I wish him all the best in the future," says Casimir Lindholm.

For further information:

Elin Otter Head of Group Communications Tel: +46 72 595 46 92, elin.otter@eltelnetworks.se

About Eltel

Eltel is a leading Northern European provider of technical services for critical infrastructure networks – Infranets – in the segments of Power, Communication and Other, with operations throughout the Nordics, Poland and Germany. Eltel provides a broad and integrated range of services, spanning from maintenance and upgrade services to project deliveries. Eltel has a diverse contract portfolio and a growing customer base of large network owners. In 2017, Eltel's net sales amounted to EUR 1.3 billion. The current number of employees is approximately 7,680. Since 2015, Eltel AB is listed on Nasdaq Stockholm.