The MTG Nomination Committee's proposed board composition

Stockholm
May 9, 2022
11.43 PM CEST

STOCKHOLM — Modern Times Group MTG AB (publ) ("MTG") today announced that its Nomination Committee proposes the re-election of Simon Duffy as Chairman of the MTG Board and Florian Schuhbauer as new member of the MTG Board. The Nomination Committee further proposes the re-election of all current Board members.

Stockholm
May 9, 2022
11.43 PM CEST

The proposed new Board member Florian Schuchbauer is Co-CIO and a Founding Partner of AOC. Florian started his career at Dresdner Kleinwort Benson with positions in risk management and equity research. He then co-founded Newtron AG, a software company that optimized strategic purchasing processes. Following the sale of Newtron, he became CFO and Executive Vice President of DHL Global Mail in the US, a subsidiary of Deutsche Post AG. After leaving DHL he joined General Capital Group / Active Value Investors where he focused on deploying a Private Equity approach on public companies, and later joined Triton Partners where he built up the Public Equity practice before founding AOC. Throughout his career Florian has had extensive board experience and currently serves as the deputy Chairman of the board of Vita 34 AG, and a member of the board of NFON AG and PNE AG. Florian graduated from the Frankfurt School of Finance and Management with a Master in Finance and Business Administration.

The Nomination Committee comprises Klaus Roehrig, appointed by Active Ownership Corporation; Joachim Spetz, appointed by Swedbank Robur Fonder; Eric Sibbern, appointed by Kabouter Management, LLC and Simon Duffy, the Chairman of the Board. In line with past practice, the members of the Committee have appointed Klaus Roehrig, representing the largest shareholder on the last business day of August 2021, as the Committee Chairman.

The Nomination Committee's complete proposals are presented in the notice convening MTG's 2022 Annual General Meeting.

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