Scandinavian Astor

"I believe the Company has the potential to grow much faster, particularly through a more proactive acquisition strategy. This requires a focus on value-creating activities at a faster pace. In light of this, I have decided to resign from my role", says Mattias Hjorth.

"We would like to thank Mattias Hjorth for his valuable contribution to the development of Astor Group. The Board's focus is now on ensuring a smooth transition and the continued implementation of the Company's strategy", says Mats R Karlsson, Chairman of the Board of Astor Group.

Scandinavian Astor Group - Impact through unity

For additional information please contact:
Scandinavian Astor Group Chairman of the Board Mats R Karlsson
Phone: +46 8300 800
E-mail: ir@astorgroup.se

This information is information that Scandinavian Astor Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact person set out above, at the time specified by Astor Group's news distributor at the time of publication of this press release.

Please note that this is an English translation of a press release written in Swedish by Scandinavian Astor Group AB (publ), in the event of any inaccuracies, the Swedish version applies.

About Scandinavian Astor Group AB (publ)
Scandinavian Astor Group is a Swedish defense group shaping the future of security and protection. Through its three business areas - Astor Tech, Astor Industry and Astor Protect - the Group delivers advanced technology, high-quality components and critical security solutions to primarily the defense, industry and public safety sectors. Astor Group is listed on NGM Main Market (ticker: ASTOR) and Boerse Stuttgart. The Company is headquartered in Stockholm, Sweden. For more information about Astor Group's business, visit: www.astorgroup.se