Scandinavian House Development : increases the share capital and accepts a new board member.

Scandinavian House Development AG ('SHDAG' or the 'Company') inform that the extraordinary general meeting held 2020 03 12 decided to increase the capital and accept Mr. Anders Halldin as Member of the Board of Directors.

Mr. Halldin has a long experience as an entrepreneur and over the years he has built and sold companies within, for example, Telecom and Finance. Notable is that Mr. Halldin launched commercial internet for Telia AB in 1991. He also developed and delivered the trading platform for Nordnet AB. Later on, he built a company in the UK that sold the trading platform to tier one banks such as Deutsche Bank, Bank Argentaria, Bank Austria, Goldman Sachs among others. Mr. Halldin also has experience in running and operating public companies, including Woize, which was listed on NASDAQ in NYC.

Mikael Engström, Chairman of the Board of Directors and CEO

2020-03-12

Contact:

SCANDINAVIAN HOUSE DEVELOPMENT AG
c/o MOORE STEPHENS LUZERN AG

Obergrundstrasse 61

6003 Luzern, Switzerland
E-Mail: [e-mail]
Internet: www.scandinavianhouse.net
Exchange: NYSE Euronext Paris
Market: Marché Libre
ISIN: CH0220529603
Symbol : MLSHD

Disclaimer; Forward-Looking Statements:

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