Frøy ASA

AGM Information • Dec 14, 2022

Frøy ASA – Extraordinary general meeting 20.12.2022 – election of new board and nomination committee

Frøy ASA – Extraordinary general meeting 20.12.2022 – election of new board and nomination committee

Reference is made to the stock exchange release 29.11.22 by Frøy ASA (“Frøy” or the “Company”) regarding the notice of an Extraordinary General Meeting 20.12.2022 at 11:00 CET.

Please find attached the nomination committee’s proposal regarding item 4 on the agenda - election of new board.

The nomination committee propose to re-elect the following board members:

- Svein Sivertsen as the Chairman of the Board

- Linda Johnsen as an independent board member

The nomination committee propose to elect three new board members:

Rune Juliussen

Rune Juliussen is investment director at Kverva and chairman of the processing vessel company Napier Holding. He is also a board member of Sparebank1 Markets. He has over 10 years' experience from Investment Banking in Carnegie and Pareto.

Pernille Skarstein Christensen

Pernille Skarstein Christensen is investment director at Kverva. She has over 30 years' experience from the capital market as a portfolio manager at DNB, Alfred Berg and Carnegie.

Odd Reidar Øie

Odd Reidar Øie has held a number of board positions. He has previously served as board member of NTS ASA for approx. 20 years (10 years as chairman of the board). He has also held board positions in FosenNamsosSjø.

The nomination committee is not required to, and has not, put forward a proposal for composition of the nomination committee – item 5 on the agenda. NTS has however put forward a proposal for the composition of the nomination committee as follows:

Gustav Witzøe

Tor Lønnum

Magnus Dybvad

Please find attached proxy with voting instructions.

The attached documents will also be made available at www.froygruppen.no/investor.

For further information, please contact:

Tonje Foss, CEO +47 996 10 116

Sondre Vevstad, Interim CFO +47 936 54 555

This information is subject to the disclosure requirements pursuant to Oslo Børs' Continuing Obligations