Nomination committee appointed for Serneke Group AB's Annual General Meeting 2020

The Serneke Group AB Annual General Meeting has resolved on the principles of how to appoint the nomination committee. According to these principles, the nomination committee shall be appointed following the chairman's identification of the four largest shareholders, according to voting rights. These shareholders have the right to appoint a representative to the nomination committee. If one or more of the four largest shareholders refrain from their right to appoint a representative, the shareholders next in line shall be contacted. The four, and the chairman of the board, will compose the nomination committee.

The members of the Nomination Committee 2020 consist of the following:

Carl Sandberg, chairman of the nomination committee, appointed by Ola Serneke Invest AB
Ludwig Mattsson appointed by Lommen Holding AB
Christer Larsson, appointed by Christer Larsson i Trollhättan AB
Sofia Åstenius, appointed by Ledge Ing AB
Kent Sander, chairman of Serneke Group AB

The four owner representatives of the nomination committee represent approximately 81 percent of the voting rights for all shares of the company.

The nomination committee will prepare proposals for the Annual General Meeting regarding chairman of the Annual General Meeting, number of members to be elected, chairman of the Board and other members of the board, remuneration for each of the elected board members and members of the board's committees. In addition, the nomination committee will propose auditors to be elected, remuneration for the auditors, principles for the appointment of and instruction for the nomination committee.

The Annual General Meeting will be held on 5 May 2020 in Gothenburg, Sweden.

Shareholders who wish to present proposals to the nomination committee can submit them to Serneke Group AB, Attn: Inger Svanholm, P.O. Box 3194, SE-400 10 Gothenburg or by email to inger.svanholm@serneke.se