Cherry’s new major shareholder, the Icelandic investment company Burdarás, which has
acquired Kinnevik’s block of shares, has asked Cherry’s board to convene an extraordinary
general meeting in order to propose the election of new board members.

Shareholders in Cherryföretagen AB (publ) are hereby called to an extraordinary general meeting on Thursday,
22 September at 10.00 at company headquarters, Birger Jarlsgatan 57 B, Stockholm, Sweden.
Shareholders who wish to participate in the meeting shall:

  • be entered in the share register kept by VPC AB by Monday, 12 September
  • and be registered as meeting participants no later than Monday, 19 September, 12.00.

Registration as a participant shall be submitted in writing to the company at Birger Jarlsgatan 57 B, SE-113 56
Stockholm, Sweden, by telephone +46 (0)8 506 403 00, by fax +46 (0)8 735 57 44 or by email [email protected].
The following should be stated when registering: name, social security number or corporate identification number,
address, phone number, shareholdings stating allocation between the different classes of shares, and the number
of legal representatives (no more than two). If participation is made by proxy, it should be submitted when
registering for the general meeting.

In order to be able to participate in the general meeting, nominee shareholders must temporarily register their
shares in their own name. Shareholders who wish such re-registration must inform their fund manager of this in
good time before Monday, 12 September.

Proposed agenda

1. Electing a meeting chairman

2. Drawing up and approving the voting list

3. Approving the agenda

4. Electing one or two minute verifiers

5. Confirming that the meeting was duly convened

6. Electing new board members to replace Anders Fällman and Niclas Palmstierna, Kinnevik’s representatives,
who have both submitted resignation requests since Kinnevik sold all its shareholdings in Cherry.

Proposed resolution

Election of new board members (item 6)

Shareholder Burdarás, which owns 26.9% of the company’s capital and 25.7% of the votes, has, supported by
Chapter 9, section 8, paragraph 2 of the Swedish Companies Act, requested that the board convene an
extraordinary general meeting for the election of new board members. The proposal of new board members will
be announced later.

THE BOARD OF DIRECTORS

For further information, please contact:
Pontus Lindwall, CEO and Group Manager, Tel: +46 (0)8-556 967 10, +46 (0)708-27 51 55, [email protected]