Kamux Oyj — Board/Management Information 2021

Nov 10, 2021

Changes in Kamux Corporation’s Management Team and in Swedish Management

Changes in Kamux Corporation’s Management Team and in Swedish Management

Kamux Corporation       Stock Exchange Release       November 10, 2021 at 9:45
(EET)

Changes in Kamux Corporation’s Management Team and in Swedish Management

Tommi Iiskonmäki, Kamux’s Swedish Country Director and Member of the Group
Management Team, has announced to leave the company and take up new
responsibilities outside the company. He will continue in the company until
February 9, 2022 but as of today, in other duties. And as of today, he will no
longer be a member of the Kamux Group Management Team. We thank Tommi Iiskonmäki
for his contribution to the development of Kamux.

As planned, Kamux has appointed Kerim Nielsen (b. 1985) as the new Country
Director for Kamux Sweden. The appointment will take effect immediately.

Kerim Nielsen has worked at Kamux Sweden since September 6, 2021 as Operational
Manager, and oriented himself to Kamux's business and concept. Nielsen has very
comprehensive experience of more than ten years in the retail business. He has
worked, for example, for Åhléns, Rusta and other retail companies. Nielsen has
studied marketing and management.

"Kerim Nielsen has spent more than two months getting to know Kamux's business
and people in Sweden and will now take over the responsibility for our Swedish
operations as planned. His strong retail expertise is an excellent starting
point for being successful as Kamux's Country Director," says CEO Juha
Kalliokoski.

“Kamux has a strong foothold in the Swedish market. We currently have 21 stores
in Sweden, and our 22nd store, the Malmö megastore, will be opened in the second
quarter in 2022. I am very excited about the market opportunity in used car
sales and about the company's ambitious growth strategy and its implementation
in the Swedish market," says Kerim Nielsen.

For more information:

Juha Kalliokoski, CEO, Kamux Corporation

Tel. +358 40 185 8633

ir@kamux.fi

Kamux Corporation is a retail chain specializing in the sale of used cars and
related integrated services that has grown rapidly. Kamux combines online
shopping with an extensive showroom network to provide its customers with a
great service experience anytime, anywhere. In addition to digital channels, the
company has total of 79 car showrooms in Finland, Sweden and Germany. Since its
founding, the company has sold approximately 300,000 used cars, 60,657 of which
were sold in 2020. Kamux’s revenue reached EUR 724.1 million in 2020. In 2020,
Kamux’s average number of employees was 713 in terms of full-time equivalent
employees. The shares of Kamux are listed on the Nasdaq Helsinki stock exchange.

www.kamux.com