Changes in Ferronordic’s management

On 6 March 2023, Jonathan Tubb was appointed Deputy Group CFO in Ferronordic and member of the Executive Management Team. Jonathan has been CFO for Ferronordic’s Russia/CIS segment since 2017. He will continue his role in the CIS segment, which currently comprises of Kazakhstan. As Deputy CFO, he will also focus on Group operational finance issues. Jonathan has extensive experience in finance and audit. Before Ferronordic, Jonathan amongst other positions held partner roles in Deloitte and Ernst & Young. Jonathan Tubb will report to the Group CFO, Erik Danemar.

Martin Bauknecht steps down from the Group Executive Management Team but remain in his role as managing director for the German business, reporting directly to Lars Corneliusson, President and CEO of the Group.

About Ferronordic

Ferronordic is a service and sales company in the areas of construction equipment and trucks. It is dealer of Volvo Trucks, Renault Trucks and Sandvik mobile crushers and screens in Germany and dealer of Volvo Construction Equipment, Sandvik mobile crushers and screens and Mecalac in Kazakhstan. Ferronordic began its operations in 2010 and currently has 28 outlets and approx. 450 employees. Ferronordic’s vision is to be the leading service and sales company in its markets. The shares in Ferronordic AB (publ) are listed on Nasdaq Stockholm. www.ferronordic.com

For investors, analysts and media:

Erik Danemar, Group CFO and Head of Investor Relations,

Tel: +46 73 660 72 31, or email: ir@ferronordic.com

This information is information that Ferronordic AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act (2007:528). The information was submitted for publication on 8 March 203, 15:00 CET.