The Nomination Committee proposes Gunnar Wieslander as the new Chairman of the Board of Nilar International AB

Nilar International AB ("Nilar" or "the Company") announced on January 26th, 2022, the members of Nilar's Nomination Committee prior to the annual general meeting 2022. The Nomination Committee has now informed the Company of changes in the Board, whereby later today the Company through a separate press release will notify about an extra general meeting, which will be held on March 3rd, 2022. 

The Nomination Committee has informed the Company of the following changes in the Board: 

• It is proposed that Gunnar Wieslander be elected new Chairman of the Board. 

• Michael Obermayer, Anders Gudmarsson and Peter Feledy have informed the Nomination Committee that they intend to resign in connection with the Extraordinary General Meeting. 

• The Nomination Committee proposes that the remuneration of the Chairman of the Board amount to SEK 500,000 per year. 

• In addition, the Nomination Committee proposes certain changes regarding the remuneration levels for Board members and committee members. 

Summary information about Gunnar Wieslander 

Gunnar Wieslander was born in 1962 and has held several positions in the Swedish Submarine Service, the Swedish Government Offices and has also been President of the shipbuilding company Saab Kockums AB. As of today, he is Senior Vice President of Kreab Worldwide AB. Among other things, Gunnar has studied at the Swedish Defence University and Stanford University. More information about Gunnar Wieslander will be published on Nilar's website, www.nilar.com.  

The current board changes will also involve changes regarding Nilar's board committees. The composition of the board committees will be informed on Nilar's website, www.nilar.com. 

The Nomination Committee, which consists of Ossian Ekdahl, Chairman, Anders Gudmarsson, Lennart Kalén, Hans von Celsing and Michael Obermayer, will continue its work ahead of the Annual General Meeting 2022. 

For further information, please contact: 
Erik Oldmark, CEO
+46 70 432 4444
erik.oldmark@nilar.com 

Press contact:
Matilda Ekman Vråmo
+46 72-213 01 28
matilda.ekman.vramo@nilar.com

About Nilar:
Nilar is a Swedish-based developer and manufacturer of batteries for stationary energy storage systems. Energy storage systems can be used to bridge imbalances between energy production and demand in order to, for example, improve the utilization of intermittent electricity production from renewable energy sources, such as solar energy and wind power, as well as to strengthen the increasingly strained power grids. Nilar's battery technology is based on nickel-metal hydride (NiMH) electrochemistry with a water-based electrolyte, which results in a strong environmental, safety, and longevity profile. The Company is headquartered in Täby and the energy-efficient production facility is, since 2012, located in Gävle, where the Company's research and development also takes place.

The Nilar share is listed at Nasdaq First North Premier Growth Market, ticker NILAR. FNCA Sweden is Certified Adviser +46 8 528 00 399. For more information go to www.nilar.com.