Per Svantesson proposed new member of the board of myFC

Stockholm, April 24 2018

The nomination committee for fuel cell company MyFC proposes that Per Svantesson is elected new member of the board of directors at the Annual General Meeting on June 15, 2018. The committee further proposes the reelection of Jörgen Lantto, Lars Gullikson and Susanne Holmström as members of the board.

Per Svantesson is COO of Italian Automobili Pininfirina, owned by Indian Mahindra, which recently launched its venture into exclusive electric sports cars. He has extensive experience
from the automotive industry, including as President of Valeo in the US, Senior Vice President Strategy and Business Development for electric vehicle manufacturer Nevs, and from Volvo
Group.

“I have spent my entire career working with technology and development within the automotive industry. Since 2005, I have dedicated myself more or less exclusively to
cleantech in different forms. That decision came with the realization of what is happening with our climate, where the transport sector has a very large responsibility for reducing emissions,”
says Per Svantesson.

“MyFC has very interesting technical solutions to some of the electric vehicle industry’s hurdles, especially fuel distribution in combination with their fuel cell. To generate hydrogen
on-site, as myFC does, must be explored. I want to contribute with my knowledge to realize that solution.”

”Per has exceptional experience from the automotive industry, and with him on board we’ll take a big step forward when it comes to automotive competence in the board. He will be very
valuable in our work to develop a range extender for electric cars, LAMINA REX.
Per has a contagious, genuine passion for green energy, and wholly shares our ambitions to forward this technology and make it truly commercial,” says Björn Westerholm, CEO of myFC.

The nomination committee for the Annual General Meeting 2018 consists of Carl Palmstierna, Palmstiernainvest AB (chair); Malin Björkmo, Handelsbanken Fonder AB; and Annelie
Enquist, Skandia Fonder AB. The complete proposal of the nomination committee will be published along with the invitation to the Annual General Meeting.

This information is information that myFC is obliged to make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the agency of the contact person set out above, at 09:00 CET on 24 of April
2018.

For further information, please contact: 
myFC Press Office 
Email:  press@myfc.se 
Phone: +46 (0) 738 09 33 83

About myFC

MyFC, a Swedish innovation company and market leader in micro fuel cells, develops green energy solutions. Its JAQ Hybrid platform, which co-locates fuel cell and battery to charge smartphones and tablets, was launched in 2017. JAQ Hybrid is the company's third hydrogen-powered product following JAQ and PowerTrekk. It runs on the company's patented fuel consisting of salt, water and reactants. MyFC was founded in 2005 and is part of the group myFC Holding AB. MyFC Holding was listed on NASDAQ | First North in May 2014. Its head office is located in Stockholm and the company's Certified Advisor is Avanza Bank. For more information, visit www.myfcpower.com

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MyFC is a Swedish innovation company and market leader in micro fuel cells which develops green energy solutions and markets the underlying components and advantages of its patented technologies to the smartphone world, power bank manufacturers and manufacturers (OEM) in the automotive industry. In 2017, myFC launched its JAQ Hybrid platform, which co-locates fuel cell and battery. JAQ Hybrid is the company's third hydrogen-powered product following JAQ and PowerTrekk. It runs on the company's patented fuel consisting of salt, water and reactants. MyFC was founded in 2005 and is part of the group myFC Holding AB. MyFC Holding was listed on NASDAQ First North in May 2014. Its head office is located in Stockholm and the company's Certified Advisor is Avanza Bank. For more information, visit www.myfcpower.com

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“I have spent my entire career working with technology and development within the automotive industry. Since 2005, I have dedicated myself more or less exclusively to cleantech in different forms. That decision came with the realization of what is happening with our climate, where the transport sector has a very large responsibility for reducing emissions,” “MyFC has very interesting technical solutions to some of the electric vehicle industry’s hurdles, especially fuel distribution in combination with their fuel cell. To generate hydrogen on-site, as myFC does, must be explored. I want to contribute with my knowledge to realize that solution.”
Per Svantesson
”Per has exceptional experience from the automotive industry, and with him on board we’ll take a big step forward when it comes to automotive competence in the board. He will be very valuable in our work to develop a range extender for electric cars, LAMINA REX. Per has a contagious, genuine passion for green energy, and wholly shares our ambitions to forward this technology and make it truly commercial,”
Björn Westerholm