W5 Solutions

Swedish Defense Group (SDG), which currently holds 31.3% of the votes and capital in W5 Solutions (W5), in addition to which SDG's three owners also hold a total of 45.0% directly in W5, has notified W5 of the following with a view to the upcoming Annual General Meeting on April 20, 2023.

SDG's Board of Directors has now decided to establish a committee that will prepare for W5 to have a regular Nomination Committee at the Annual General Meeting on April 20, 2023, whereby the Committee will thus hand over and cease to exist. The Committee shall above all, in a similar way to the nomination committees that often function in listed companies by the Code of Conduct, submit proposals to the 2023 Annual General Meeting regarding board elections and remuneration.

The members of the committee have been proposed to the SDG Board of Directors by W5's larger ownership groups (directly and indirectly), and consist of two ordinary members: Peter Lundberg, currently a board member of both SDG and W5 but who informed W5's board and SDG that he wishes to leave W5's board at the next annual general meeting for reasons of age, and lawyer Christoffer Saidac. The Chairman of the Board, Anders Lundström, participates as an adjunct if necessary.

W5's shareholders are welcome to contact the preparatory committee members at the following address: W5 Solutions AB, Att. Nomination Committee, Box 1156, 131 26 Nacka Strand or by email: valberedning@w5solutions.com. To take into account proposals for new members effectively, proposals should be received by 31 January 2023
This press release, as well as further information, will be available on W5's website under the Corporate Governance tab.