Kid ASA - Board/Management Information 2018

CEO Resignation

Lier, 4thMay 2018: After 8 years in the position as Chief Executive Officer of

Kid, Kjersti Hobøl has decided to move on and pursue opportunities outside the

company as the new CEO of Nille. The change is not initiated by the board. We

have a mutual understanding that Mrs Hobøl will continue to conduct her current

responsibilities during the transition period until a new management is in place

and ensure an efficient onboarding process of a new CEO. The board will

immediately initiate a recruiting process for a new CEO. Mrs Hobøl holds 64 516

shares in KID ASA as of 4thMay 2018.

"It has been a privilege to work with such a strong and dedicated team in Kid

over the past 8 years. Together with the management-team and the board we have

successfully conducted a turn-around of the company from a financial distressed

situation, to change of ownership and listing on the Oslo Stock Exchange. Over

the last years we have delivered steady and profitable growth and has been one

of the most successful retailers. I am proud of the cultural identity we have

developed, and I am committed to, in due course to ensure a successful

introduction of a new management", says Kjersti Hobøl, CEO.

"On behalf of the board, I would like to thank Kjersti for many years of strong

leadership in the KID group. Her management has ensured consecutive and

profitable growth over the last 6 years. The company has an experienced

management team and is well positioned for pursuing further growth

opportunities. The board will continue to cooperate closely with Kjersti and the

management team over the next months to ensure execution of the current strategy

- also during the transition period", says Mr. Henrik Schüssler, Chairman of the

board.

For more information, please contact:

Kjersti Hobøl, +47 91 83 59 65

Petter Schouw-Hansen, +47 48 22 45 34

Henrik Schüssler, +47 91 58 06 06

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