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Regulatory press release

Skandia Greenpower: New CEO starts today

Skandia GreenPower
1 July 2022 - Reference is made to the stock exchange announcement dated 6 April
2022 regarding the appointment of Lene Johansen as CEO of Skandia Greenpower AS.
Lene Johansen starts in her role today.

Lene Johansen joins Skandia Greenpower from a role as commercial director of
fast-growing online retail group Brandsdal Group. She succeeds founder and
former CEO, Gunnar Norheim, who will remain in an operational support role to
Lene Johansen until at least year-end 2022. Johansen is also a former member of
Skandia Greenpower's board of directors.

Johansen's main responsibility will be to drive the growth of Skandia
Greenpower's disruptive and fully digital solution, Elkompis, which is a smart
power-app for ordinary homes that targets the Nordic consumer market. Elkompis
is based on a fully digitalized platform that enables lower operating costs,
lower prices to customers, lower customer acquisition cost, improved operational
flexibility and with significantly higher scalability potential.

"After having served on Skandia Greenpower's board of directors. I'm familiar
with the company's business model and what it aims to achieve. I look forward to
combining my experience from building and growing profitable online retail
brands with the Skandia Greenpower team's excellent know-how about the
electricity retail market. I firmly believe that Elkompis has the potential to
disrupt the Nordic electricity retail market," says Lene Johansen, CEO of
Skandia Greenpower.
(ENDS)

For further information, please contact:
Lene Johansen: lene@elkompis.no
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