NCAB Group

Board/Management Information • Sep 13, 2023

Per Hesselmark leaves the Board of Directors of NCAB

Per Hesselmark has today informed NCAB that he wishes to leave his seat on the company's Board of Directors. This is a consequence of R12 Kapital having sold its shares in NCAB.

"We at R12 Kapital have been proud principal owners of NCAB since 2007, comments Per Hesselmark. It has been a fantastic development from sales of approximately SEK 300 million to today's approximately SEK 4.5 billion. We listed the company on the stock exchange in 2018 with a market capitalization of SEK 1.3 billion, which today has grown to approximately SEK 11 billion. The fact that we sold our remaining shares yesterday and that I am therefore leaving the Board is a natural next step. It is with confidence I wish NCAB all the best on its continued journey – it has only just begun."

Christian Salamon, Chairman of NCAB:

"R12 Kapital and Per have contributed greatly to NCAB's growth and profitability through committed and active ownership and board work. We will miss Per and his business sense and energy on the board."

For further information, please contact:

Gunilla Öhman, IR Manager, Telephone: +46 707 63 81 25 E-mail: gunilla.ohman@ncabgroup.com

About NCAB

NCAB is a worldwide leading supplier of printed circuit boards, listed on NASDAQ Stockholm. NCAB is offering PCBs for demanding customers, on time with zero defects, produced sustainably at the lowest total cost. NCAB was founded in 1993. Since its foundation, the operations have been characterized by an entrepreneurial and cost efficient culture and have over time showed strong growth and good profitability. Today, NCAB has local presence in 16 countries in Europe, Asia and North America. Revenues in 2022 amounted to SEK 4,458 million. Organic growth and acquisitions are part of NCAB's strategy. For more information about NCAB Group please visit us at www. ncabgroup.com.

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Per Hesselmark leaves the Board of Directors of NCAB