Change in Management Team: Anton Jacobsson to leave Musti Group

Musti Group plc Stock Exchange Release 13 May 2020 at 11.30 a.m.

Anton Jacobsson, Head of eCommerce and Omnichannel, has decided to resign from
his position in Musti Group. His last employment day at Musti Group will be 30
September 2020. As a result of the change, the responsibility for the
Omnichannel development will be divided to each country director in Finland,
Sweden and Norway.

Group CEO David Rönnberg: ‘I want to thank Anton for all the work he has done in
developing Musti’s omnichannel strategy to the high current level during these
years. The change and integration to country directors is the next step of
integration for reaching higher efficiencies and Anton has been part of
succeeding this. I wish him luck for his future challenges.’

Musti Group plc

David Rönnberg

CEO