Kid ASA - Board/Management Information 2022

Kid ASA Announces CFO Transition

Lier, 21 December 2022: Kid ASA informs that a search for a new Chief Financial

Officer has been initiated. Current CFO Eystein Lund has informed the company of

his intention to step down to pursue other opportunities.

"I have enjoyed working with Eystein. His dedication and his investor relations

expertise have been instrumental in helping us in many areas, particularly

throughout the turbulent Covid period. Winning the Stockman prize in 2021 stands

out as a highlight while Eystein has been with us. We would like to thank him

for all his contributions to the company and wish him all the best in his new

endeavors", CEO Anders Fjell says.

"Kid is a fantastic company with great people. I have really enjoyed working for

Kid, particularly throughout the challenging Covid period. I have high

confidence in the company and their future expansion plans", says CFO Eystein

Lund.

Eystein will continue to serve in the role to support a successful transition.

This information is subject to the disclosure requirements pursuant to Section 5

-12 of the Norwegian Securities Trading Act.

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