Vitec Software Group's Nomination Committee proposes new Chairman of the Board and additional member

Prior to the Annual General Meeting on April 28, Vitec Software Group's Nomination Committee proposes Lars Stenlund to be elected new Chairman of the Board. Lars Stenlund was born in 1958, PhD in applied physics and co-founder of the company and President and CEO since 1985, a position he leaves in connection with the Annual General Meeting.

Furthermore, the Nomination Committee proposes that the Board will be increased from five to six members and the re-election of Crister Stjernfelt, Anna Valtonen, Birgitta Johansson-Hedberg, Jan Friedman and Kaj Sandart.

Vitec Software Group's Nomination Committee consists of Crister Stjernfelt (Chairman), Jerker Vallbo CIO / CTO Vitec, Lars Stenlund CEO Vitec and Olov Sandberg.

The Nomination Committee continues its work to prepare other proposals for the 2021 Annual General Meeting.

For more information, please contact:

Crister Stjernfelt, cstjernfelt@gmail.com, +46-733-980004

Lars Stenlund, lars.stenlund@vitecsoftware.com, +46-70-659 49 39

Disclaimer

This information is of such a kind that Vitec Software Group AB (publ.) is obliged to make pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08:30 CET on Monday, March 15, 2021.

About Vitec

Vitec is market leader for Vertical Market Software in the Nordic region. We develop and deliver standard niche software. Vitec grows through acquisitions of well-managed and well-established software companies. The Group's overall processes together with the employees' in-depth knowledge of the customer's local market enables continuous improvement and innovation. Our 950 employees are based in Denmark, Finland, Norway and Sweden. Vitec is listed on Nasdaq Stockholm and had net sales of SEK 1,313 million in 2020. Find more at www.vitecsoftware.com.