The Board of Directors of Cramo Plc has appointed Philip Isell Lind af Hageby the President and CEO of Adapteo Plc, a company to be incorporated through the proposed partial demerger of Cramo announced on 18 February 2019 (the “Demerger”). Isell Lind af Hageby has also been appointed Adapteo's Executive Vice President, Rental Space Business Area. He has served as Cramo's Executive Vice President, Modular Space and as a member of the Cramo Group Management Team since 2017, and he will continue in his current position until the completion of the Demerger, at which time the appointments in Adapteo will take effect.

Furthermore, the following persons have been appointed to constitute Adapteo's Group Management Team together with the President and CEO, with effect upon the completion of the Demerger: Timo Pirskanen as the CFO. Pirskanen will continue as the CFO and member of the Management Team of Cramo's Modular Space division, Cramo Adapteo, until the completion of the Demerger; Björn Kölerud as Interim Executive Vice President, Permanent Space Business Area. Kölerud will continue as the interim CEO of Flexator AB and member of the Management Team of Cramo's Modular Space division, Cramo Adapteo, until the completion of the Demerger; Simon Persson as Senior Vice President, HR Development.

Mr. Persson will continue as the HR Business Partner and member of the Management Team of Cramo's Modular Space division, Cramo Adapteo, until the completion of the Demerger; Teemu Saarela as Senior Vice President, Corporate Development. Saarela will continue as the Head of Corporate Development and member of the Management Team of Cramo's Modular Space division, Cramo Adapteo, until the completion of the Demerger; Hanna Wennberg as Senior Vice President, Marketing and Communications. Ms. Wennberg has served as the Head of Marketing of the AI and analytics company Graviz Telescope since 2018.