Zaptec AS — Board/Management Information 2022

Feb 28, 2022

ZAP: Succession in Zaptec. Thingbø resigns. Østrem takes over until further notice

ZAP: Succession in Zaptec. Thingbø resigns. Østrem takes over until further notice

CEO in Zaptec AS, Anders Thingbø, resigns from his position in the company to manage own investments. Thingbø has lead the company through strong and profitable growth which includes increasing international expansion and listing on Euronext Growth. The board of directors thanks Thingbø for the efforts he has made in these four years where the company has been developed from a small private technology company to today's Zaptec.

Zaptec will reimburse parts of Thingbø's remaining options based on existing agreements between the company and Thingbø. Following a recommendation from Thingbø, it has been agreed that he will resign from 28.2.2022.

The board of directors have appointed Kurt Østrem, CFO, as acting CEO of the company. Østrem has worked in the company since May 2014. Thus, he knows the company, the organization and the market very well and will lead the company in a good way until further notice. The board of directors desires to spend some time considering a permanent solution in light of the company's plans for listing on the main list and the further major international growth ambitions.

Contact:

Stig H. Christiansen, Chairman of the board, Zaptec AS

Tel: +47 47 80 78 13, e-mail: Stig.H.Christiansen@Prosafe.com

About Zaptec:

Zaptec AS is a technology company within Electric vehicle (EV) charging systems in Europe. The company develops EV charging systems for multi and single-family homes and office buildings. The product portfolio enables large number of charging points at a low cost and includes Zaptec Pro, Zaptec Go, Charge365 payment services, Charging columns, Zaptec Portal, and Zaptec APM. The company accelerates the electrification of the transport sector to assist European countries in reducing CO2 emissions from light-duty cars.