The board of directors of NTG Nordic Transport Group A/S ("NTG") has with effect as of May 17, 2020, decided to discontinue the contract between NTG and Mikkel Fruergaard as the basis for a mutual beneficial cooperation is deemed no longer to be present. Mikkel Fruergaard was member of the executive management of NTG with responsibility for its Air & Ocean division, until 1 May 2020 as Group co-CEO (reference is made to company announcement no. 02-20 dated 19 March 2020).