Transition of CEO at Ålö

As of December 31st 2018, Ålö CEO Mr. Leif Thorwaldsson will leave the company and go into early retirement in order to spend more time
with family. Mr. Thorwaldsson has served as CEO at Ålö for close to three years and has steered the company through a period with many
significant and important changes.

Mr. Leif Thorwaldsson will be replaced as CEO by Mr. Niklas Åström, who has been deputy CEO at Ålö for several years and closely
involved in all parts of the company. Niklas will assume his new role as of April 1st and Leif will continue to advice Niklas until
December 31st 2018.