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Cary Group continues its European expansion through the acquisition of ExpressGlass in Portugal

Cary Group has signed an agreement to acquire 100% of the Portuguese company GlassCo, S.A., the owner of “ExpressGlass”, which operates a vehicle glass repair and replacement business in Portugal. The acquisition is a further step in the company’s European expansion. ExpressGlass has 90 workshops in Portugal, of which 46 are operated by independent partners under the brand name ExpressGlass and 44 are owned by ExpressGlass. Total sales in 2020, including sales from independent partners, amounted to approximately EUR 15 million, with net sales attributable to the company totalling around EUR 11 million. The company has around 200 employees.

“The acquisition of Portuguese company ExpressGlass sees Cary Group continue its European expansion. ExpressGlass has a strong brand, delivers high-quality services and has well-established relationships with insurance companies and other customers. The Portuguese market for repair, replacement and calibration of vehicle glass is an important part of the European market, with strong growth anticipated in the coming years, driven by a growing vehicle fleet, an increase in the number of kilometres driven per vehicle and greater windscreen complexity, which drives the demand for calibration. The acquisition of ExpressGlass is a natural step in our consolidation journey and strengthens Cary Group’s position on the Iberian Peninsula”,says Anders Jensen, CEO of Cary Group.

ExpressGlass specialises in the repair and replacement of vehicle glass, including calibration of advanced driver-assistance systems (ADAS). The company operates through 44 of its own workshops across Portugal, as well as 46 that are operated by independent partners. ExpressGlass was founded in 2004 and has its head office in Porto. It also operates a separate wholesale business from sites in Porto and Lisbon through its subsidiary Diveraxial S.A.

The current management will continue to lead the company under Cary Group’s ownership. ExpressGlass will be incorporated in Cary Group’s Rest of Europe segment and the acquisition is expected to be completed during the first quarter of 2022. The company has an adjusted profit margin in line with that of Cary Group’s Rest of Europe segment.

Cary Group carries out platform acquisitions (expansion into new geographic markets), add-on acquisitions (acquisition of additional businesses on an existing market) and the acquisition of individual workshops. So far this year, Cary Group has acquired 19 companies, with a total annual revenue of approximately 1 bn SEK.

For more information, please contact:

Anders Jensen, CEO, Cary Group
Tel.:+46 10 121 96 12

Helene Gustafsson, Head of IR & Corporate Communication
Tel.: +46 708 684 050
Email: helene.gustafsson@carygroup.com

About Cary Group
Cary Group provides sustainable damage repair and car care services and has business operations in Sweden, Denmark, Norway, the UK and Spain. It specialises in the repair and replacement of automotive glass, with a complementary range of services in auto body repair and SMART repair. With good accessibility for customers, high-quality products and smart solutions, we help our customers make simplified and sustainable choices. For more information, please visitwww.carygroup.com.

This information is information that Cary Group Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2021-12-29 15:30 CET.

Cary Group continues its European expansion through the acquisition of ExpressGlass in Portugal

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Cary Group strengthens its position in Norway and continues to expand its operations

Cary Group has signed an agreement to acquire 100% of Norwegian company MPS Bilskade AS, “MPS Bilskade”, which operates within both minor and major vehicle damage repair. The acquisition represents an expansion on the Norwegian market for existing customers and strengthens Cary Group’s market position in Norway.

“We are pleased to welcome MPS Bilskade to the Cary Group family. This acquisition will enable us to offer additional services, with more workshops for carrying out both minor and major auto body repair. With its large network of workshops across the whole of Norway, the complementary acquisition of MPS Bilskade gives us a strong market presence in Norway and continues the expansion of our offering to our insurance companies”,says Anders Jensen, CEO of Cary Group.

The acquisition will be a good complement to the acquisition of Quick Car Fix, which operates within SMART repair* and car care and was acquired by Cary Group earlier in the year. MPS Bilskade has strong relationships with insurance companies and other customers and provides simple, cost-effective management of the booking and carrying out of vehicle repairs for both vehicle owners and the insurance companies. The current management will continue to lead and develop MPS Bilskade under Cary Group’s ownership.

MPS Bilskade has 63 workshops, 9 of which it owns, throughout Norway. Sales from workshops of which MPS Bilskade owns, on a rolling 12-month basis, are NOK 160 million as at 31 October 2021. The company has approximately 55 employees. The acquisition is expected to be completed at the end of the fourth quarter of 2021. The company’s profitability is lower than that for Cary Group’s segment Nordics but is expected to lead to improved profitability in Norway.

Cary Group carries out platform acquisitions (expansion into new geographic markets), add-on acquisitions (acquisition of additional businesses on an existing market) and the acquisition of individual workshops. So far this year, Cary Group has signed agreements to acquire 18 companies, with a total annual revenue of almost SEK 900 million.

*SMART repair: Small Medium Area Repair Technology.

For more information, please contact:

Anders Jensen, CEO, Cary Group
Tel.:+46 10 121 96 12

Helene Gustafsson, Head of IR & Corporate Communication
Tel.: +46 708 684 050
Email: helene.gustafsson@carygroup.com

About Cary Group
Cary Group provides sustainable damage repair and car care services and has business operations in Sweden, Denmark, Norway, the UK and Spain. It specialises in the repair and replacement of vehicle glass, with a complementary range of services in auto body repair and SMART repair. With good accessibility for customers, high-quality products and smart solutions, we help our customers make simplified and sustainable choices. For more information, please visitwww.carygroup.com.

This information is information that Cary Group Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2021-12-23 17:37 CET.

Cary Group strengthens its position in Norway and continues to expand its operations

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Cary Group continues its European expansion through the acquisition of Zentrale Autoglas in Germany

Cary Group has signed an agreement to acquire 75% of Zentrale Autoglas GmbH, “Zentrale Autoglas”, one of Germany’s leading providers of vehicle glass repair and replacement, primarily for buses and campervans. The acquisition represents an important step in Cary Group’s continued European expansion. Zentrale Autoglas has a total of 25 workshops, mainly in Germany, and sales for 2020 totalled EUR 27 million. It has around 250 employees.

“We are pleased to announce the acquisition of Zentrale Autoglas, an important step in our continued European expansion. Zentrale Autoglas has a market-leading position in bus glass and broad geographical coverage, with workshops in Germany, Austria and Luxembourg. The company has sound market knowledge, a long history of successful and stable operation and well-established purchasing contacts. The German market for the repair and replacement of bus glass enjoys stable growth, is non-cyclical and aligns well with Cary Group’s growth strategy”,says Anders Jensen, CEO of Cary Group.

Zentrale Autoglas specialises mainly in the repair and replacement of glass in buses, but also in campervans and, to a lesser extent, the passenger car segment. The company has 23 workshops in Germany, as well as a workshop in Austria and one in Luxembourg. The company also offers wholesale sales of vehicle glass.

Founded in 1988, the company has its head office and main distribution facility in Melle, Germany. The company’s management will continue to lead the company under Cary Group’s ownership. Zentrale Autoglas will be incorporated in Cary Group’s Rest of Europe segment. The acquisition is expected to be completed at the beginning of the first quarter of 2022. The company has an adjusted profit margin on a par with that of Cary Group’s Rest of Europe segment.

Cary Group carries out platform acquisitions (expansion into new geographic markets), add-on acquisitions (acquisition of additional businesses on an existing market) and the acquisition of individual workshops. So far this year, Cary Group has signed agreements to acquire 17 companies, with a total annual revenue of approximately SEK 770 million.

For more information, please contact:

Anders Jensen, CEO, Cary Group
Tel.:+46 10 121 96 12

Helene Gustafsson, Head of IR & Corporate Communication
Tel.: +46 708 684 050
Email: helene.gustafsson@carygroup.com

About Cary Group
Cary Group provides sustainable damage repair and car care services and has business operations in Sweden, Denmark, Norway, the UK and Spain. It specialises in the repair and replacement of automotive glass, with a complementary range of services in auto body repair and SMART repair. With good accessibility for customers, high-quality products and smart solutions, we help our customers make simplified and sustainable choices. For more information, please visitwww.carygroup.com.

This information is information that Cary Group Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2021-12-22 14:33 CET.

Cary Group continues its European expansion through the acquisition of Zentrale Autoglas in Germany

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EXTRAORDINARY GENERAL MEETING IN CARY GROUP HOLDING AB (PUBL), 7 DECEMBER 2021

The extraordinary general meeting was conducted without the physical presence of shareholders, representatives or third parties and the shareholder was before the meeting able to exercise their voting rights only by post in accordance with the Act (2020:198) on temporary exceptions to facilitate the execution of general meetings in companies and other associations.

The general meeting resolved, in accordance with the proposition by principle owner Cidron Legion S.à r.l. (the “Principle Owner”), to elect Juan Vargues chairman of the board of directors. Former chairman of the board of directors Magnus Lindquist remains a member of the board. The board of directors also consists of members Joakim Andreasson, Magdalena Persson, Leif Ryd and Ragnhild Wiborg. Juan Vargues will also replace Magnus Lindquist as a member of the nomination committee.

The 2021 annual general meeting resolved that remuneration shall be paid to the chairman of the board with SEK 600,000 per year, that remuneration to the other ordinary board members shall be paid with SEK 300,000 per year per board member, and that such remuneration shall be adjusted in case a board member is appointed or resigns during the period. The general meeting, in accordance with the Principal Owner’s proposal, determined that the remuneration to the board of directors for each board member and for the chairman of the board remain unchanged in relation to the resolution at the 2021 annual general meeting until the end of the next annual general meeting and that the remuneration is to be distributed pro rata between the resigning and incoming chairman in relation to the term of the assignment.

The resolution entails that Magnus Lindquist, for the period as chairman of the board, shall receive remuneration corresponding to the resolution passed at the 2021 annual general meeting regarding remuneration to the chairman of the board (calculated pro rata for the period) as well as, for the period from the day of the Extraordinary General Meeting until the end of the next annual general meeting, receive remuneration corresponding to the remuneration resolved for the ordinary members of the board (calculated pro rata for the period). Furthermore, the resolution entails that Juan Vargues, for the period as ordinary member of the board, shall receive remuneration corresponding to resolution passed at the 2021 annual general meeting regarding remuneration to the ordinary members of the board (calculated pro rata for the period) as well as, for the period from the day of the Extraordinary General Meeting until the end of the next annual general meeting, receive remuneration corresponding to the remuneration resolved for the chairman of the board (calculated pro rata for the period).

Complete information regarding the general meeting’s resolutions can be downloaded here.

Helene Gustafsson, Head of IR & Corporate Communication at Cary Group, helene.gustafsson@carygroup.com or +46 70 868 40 50

About Cary Group

Cary Group provides sustainable damage repair and car care services and has business operations in Sweden, Denmark, Norway, the UK and Spain. It specialises in the repairing and changing of car glass, with complementary services such as the repairing of bodywork and paint damage. With good accessibility for customers, high quality products and smart solutions, we help our customers make simplified and sustainable choices. For more information, please visitwww.carygroup.com.

EXTRAORDINARY GENERAL MEETING IN CARY GROUP HOLDING AB (PUBL), 7 DECEMBER 2021