Proposal by the Nomination Committee regarding the Board of Directors of Cloetta AB (publ)

Cloetta’s Nomination Committee has informed the company of its proposal regarding new Board of Directors.

The Nomination Committee proposes that the Board of Directors shall consist of six directors.

The Nomination Committee proposes re-election of the current directors Adriaan Nühn, Mikael Svenfelt, Olof Svenfelt and Caroline Sundewall. Furthermore, the Nomination Committee proposes that Lottie Knutson and Mikael Norman are elected as new directors. Ann Carlsson has declined re-election.

Caroline Sundewall is proposed to be elected as Chairman of the Board of Directors.

Lottie Knutson is member of the board of H&M and Stena Line Holding BV. She is active as a writer and advisor within marketing, change and crisis management. She has previously worked as Marketing Director at Fritidsresor Group for the Nordic countries, the SAS Group's communication´s department, journalist at the Swedish newspaper Svenska Dagbladet and as a communications consultant. Lottie, born 1964, studied at the Department of Journalism at Stockholm University.

Mikael Norman is CFO at Nobia. He has previously worked as Group Controller at Electrolux, tax lawyer at Price Waterhouse and as judge at the Administrative Court and Administrative Court of Appeal in Stockholm. Mikael, born 1958, has a Bachelor of Laws from Stockholm University.

Information on the composition of the Nomination Committee of Cloetta as well as information regarding the members of the Board of Directors is available on Cloetta’s website www.cloetta.com.

The Annual General Meeting will be held on Thursday 23 April 2015 in Stockholm.

For further information, please contact
Caroline Sundewall, member of the Nomination Committee and Chairman of the Board, or Christer Wagenius, Chairman of the Nomination Committee, can be reached via Jacob Broberg, SVP Corporate Communications & Investor Relations, +46 70 190 00 33.

The information contained in this press release is such that Cloetta AB (publ) is required to disclose pursuant to the Swedish Financial Instruments Trading Act and/or the Swedish Securities Markets Act. The information was submitted for publication on 10 February 2015 at 08.30 a.m. CET.

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