The Nomination Committee of Balco Group AB proposed to the Annual General Meeting the election of Ingalill Berglund as Chairman of the Board after Tomas Johansson who has declined re-election and election of Thomas Widstrand as a new member of Balco's Board of Directors. The Nomination Committee of Balco Group AB hereby announces that they propose to the Annual General Meeting 2021 election of Ingalill Berglund as Chairman of the Board after Tomas Johansson, as previously communicated, has declined re-election and that Thomas Widstrand is elected as a new Board member.