Additional Board Member Proposed to the AGM 2019 at Zutec Holding AB (publ)

On the 16th October 2019, the notice to attend the Annual General Meeting in Zutec Holding AB (publ) was published. Since the notice was published, a proposal has been put forward to elect an additional Board member; Mikael Nasstrom.

Mikael is currently the Vice President of Commercial Excellence and Marketing for Ametek and has experience as a solid international commercial leader and general manager, with strong leadership, team building and management skills.

The Board believes that Mr Näsströms extensive commercial experience can assist the company with continued sales development which is a key objective in the coming years.

In addition to the above, the Board proposes that all board members are to be re-elected and that remuneration to the Board of Directors shall remain unchanged at SEK 186,000 to the chairman of the Board and SEK 93,000 for each of the other members of the Board.

For additional Information please contact:

Clíona Farrelly, CEO of Zutec Holding AB (publ)

cliona.farrelly@zutec.com +353 1 201 3565

The company is listed on Nasdaq First North Growth Market and Mangold Fondkommission AB is the Company’s acting Certified Adviser (Tel. + 46 8 5030 1550, CA@mangold.se, www.mangold.se.)

About Zutec Holding AB (publ)

Zutec develops and markets cloud-based software solutions, primarily directed to companies within the building and construction industry. The Company’s products help clients to increase their productivity and cost efficiency. Zutec provides solutions within project management, data and document collaboration tools, data enriched 3D-models, defect management, project handover and the operations and maintenance of buildings.

To find out more please visit www.zutec.com