As specified in the instructions for Momentum Group's Election Committee, if a shareholder that has appointed a member in the Election Committee as of 31 December 2019 no longer is among the four largest shareholders by vote, then this shareholder shall relinquish its seat to a shareholder that has become one of the largest shareholders.

Since the shareholding in Momentum Group AB by SEB Funds has decreased since the appointment of the Election Committee while the holding by Handelsbanken Funds has increased, Jonas Linnell, appointed by SEB Funds, has relinquished his seat in the Election Committee to Handelsbanken Funds. Lilian Fossum Biner has been appointed by Handelsbanken Funds as a new member in the Election Committee.

After this change, Momentum Group's Election Committee ahead of the 2020 Annual General Meeting comprises of:

· Marianne Flink (appointed by Swedbank Robur Funds)
· Lilian Fossum Biner (appointed by Handelsbanken Funds)
· Stefan Hedelius (appointed by Tom Hedelius)
· Tobias Lönnevall (appointed by Nordstjernan), Chairman of the Election Committee
· Johan Sjö, Chairman of the Board in Momentum Group AB

Contact information for the Election Committee is available on Momentum Group's website.

New date for the Annual General Meeting in Momentum Group AB
The Annual General Meeting in Momentum Group AB will be held in Stockholm on Monday, 31 August 2020.

Stockholm, 14 April 2020

Momentum Group AB (publ)

For further information, please contact:
Mats Karlqvist, Election Committee Secretary, Momentum Group AB - Tel: +46 70 660 31 32

This information was submitted for publication, through the agency of the contact person set out above, on 14 April 2020 at 10:00 a.m. CET.   This press release is in all respects a translation of the Swedish original press release. In the event of any differences between this translation and the Swedish original, the latter shall prevail.

Momentum Group is a leading reseller of industrial consumables and components, service and maintenance to professional end users in the industrial and construction sectors in the Nordic region. The Group has annual revenue of approximately SEK 9.5 billion and approximately 2,700 employees. Momentum Group AB (publ) has been listed on Nasdaq Stockholm since June 2017. Read more at www.momentum.group.

https://news.cision.com/momentum-group-ab--publ-/r/change-in-the-election-committee-for-momentum-group-ab--publ--ahead-of-the-2020-annual-general-meeti,c3086509

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