Studsvik

As planned, on 30 April Studsvik's board member Agneta Nestenborg will leave the operational role she has held since November 2023 within the Fuel and Materials Technology business area. On May 1 she will be succeeded by Niklas Lindberg in the role of head of production operations including project deliveries and plant operation. Niklas joins us from his most recent position as senior business developer at Novotech, having worked for most of his career within global corporations and startups.

President and CEO Camilla Hoflund remains in the role of Business Area President Fuel and Materials Technology.

Chair of the Board Jan Bardell will also leave his operational role as of the Annual General Meeting on 25 April. Since October 2023, in addition to his role as Chair of the Board, Jan has been working part-time in an operational capacity on the enquiries that Studsvik receives concerning building Small Modular Reactors (SMRs) on the Studsvik site outside Nyköping. This role will thereby come to an end according to plan.

Both Agneta and Jan will remain in their roles as board member and Chair of the Board respectively.

"I would like to express my warm thanks to Jan and Agneta for their operational efforts, which they have undertaken most impressively in parallel with their duties on the Board. It is so valuable to have these individuals working for Studsvik," says Camilla Hoflund, President and CEO of Studsvik.

For further information, please contact:

Camilla Hoflund, Chief Executive Officer, tel +46 (0)76 002 10 66

Facts about Studsvik

Studsvik offers a range of advanced technical services to the global nuclear power industry. Studsvik's business focus areas are fuel and materials technology, reactor analysis software, decontamination and radiation protection as well as technical platforms for handling, conditioning and volume reduction of radioactive waste. The company has more than 75 years' experience of nuclear technology and radiological services. Studsvik has 530 employees in 7 countries and the company's shares are listed on Nasdaq Stockholm.

This information is information that Studsvik AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation The information was released for public disclosure, through the agency of the contact person above, on April 26, 2024, at 08:30 am (CEST).

www.studsvik.com