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Regulatory press release

Scandinavian Astor Group AB: Scandinavian Astor Group appoints Chief Business Development Officer

Scandinavian Astor Group
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Scandinavian Astor Group (`Astor Group' or the `Company') is strengthening its executive management by creating a new role: Chief Business Development Officer (CBDO). Astor Group has recruited Emelie Agnedal who will take up the role on September 1, 2025. The role is part of the Company's long-term growth strategy and aims to further accelerate business development within the group.

"Emelie has a strong track record in business development, strategic partnership and international sales. Her technical background, experience and drive will be a valuable addition to our efforts to continue building a leading defence and industrial group", says Mattias Hjorth, CEO of Astor Group.

Emelie Agnedal holds a Master of Science in Engineering Physics from Uppsala University and has over 15 years of experience in the defence industry, both from the supplier and government side. She joins us from MilDef, where she was Director of Business Development with responsibility for the group's business development strategy, strategic partnerships and M&A activities. Previous roles at MilDef include Head of Sales Sweden and Head of Project Manager for integration projects. Prior to that, she worked for several years at Swedish Defence Material Administration (FMV) with leading roles in Naval command and control systems, weapon systems and tactical data links, as well as being the Swedish representative in international defence working groups. She has also been a technical consultant at AFRY in areas such as communication systems and Electromagnetic Warfare. The newly created role covers a broad area of responsibility including business development for the entire group, responsibility for strategic partnerships, strategy and M&A activities.

"Astor Group has built an impressive portfolio of companies with high technology and strong market positions. I look forward to translating the Group's strategic potential into tangible business results - by further developing the offering, creating new business and building long-term customer relationships", says Emelie Agnedal, incoming Chief Business Development Officer of Scandinavian Astor Group.

Emelie Agnedal will take up the role on September 1, 2025 and complements the existing management team.

Scandinavian Astor Group - Strength and security in all elements

For further information, please contact:
Scandinavian Astor Group's CEO Mattias Hjorth
E-mail: ir@astorgroup.se

Please note that this is an English translation of a press release written in Swedish by Scandinavian Astor Group AB (publ), in the event of any inaccuracies, the Swedish version applies.

About Scandinavian Astor Group AB (publ)
Scandinavian Astor Group is a Swedish defense group shaping the future of security and protection. Through its three business areas - Astor Tech, Astor Industry and Astor Protect - the Group delivers advanced technology, high-quality components and critical security solutions to primarily the defense, industry and public safety sectors. Astor Group is listed on NGM Nordic SME (ticker: ASTOR) and Boerse Stuttgart. The Company is headquartered in Stockholm, Sweden. Shark Communication AB, tel. +46 73-434 45 15, e-mail: info@sharkcom.se is the Company's Mentor. For more information about Astor Group's business, visit: www.astorgroup.se

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