Establishment of Nomination Committee in I.A.R. Systems Group AB

Stockholm, Sweden—September 30, 2019— In accordance with the Annual General Meeting April 24, 2019, the Nomination Committee is composed to include Jonas Eixmann appointed by Andra AP-fonden, Malin Björkmo appointed by Handelsbanken Fonder and Jonas Wikström appointed by a shareholders group led by Stefan Skarin. Jonas Eixmann was appointed Chairman.

The task of the nominating committee is to propose the Chairman at the annual general meeting 2020, Chairman and other members of the board as well as suggesting remuneration and other compensation for each of the board members. The Nominating Committee shall also propose auditors and remuneration of the auditors as well as a process for appointing the nomination committee for the annual meeting 2020.

Shareholders who would like to present proposals to the Nomination Committee are welcome to submit these via josefin.skarin@iar.com

The information in this press release was published on September 30, 2019 at 10:00 a.m

Stefan Skarin, CEO, IAR Systems Group AB
email stefan.skarin@iar.com

IAR Systems supplies future-proof software tools and services for embedded development, enabling companies worldwide to create the products of today and the innovations of tomorrow. Since 1983, IAR Systems’ solutions have ensured quality, reliability and efficiency in the development of over one million embedded applications. The company is headquartered in Uppsala, Sweden and has sales and support offices all over the world. IAR Systems Group AB is listed on NASDAQ OMX Stockholm, Mid Cap. Learn more at www.iar.com.