January 2022

Norwegian insurance company Fremtind selects Cary Group as its supplier

Fremtind, Norway’s third-largest insurance company, has selected Cary Group’s Norwegian vehicle glass business, Cary Bilglass, as one of its strategic partners for vehicle glass repair. Fremtind operates on the Norwegian consumer market through its two brands Sparebank 1 and DNB.

“We are very proud that Fremtind has chosen our Norwegian company Cary Bilglass to be one of their two strategic partners for insurance cases involving vehicle glass repair. One of the main reasons why Fremtind chose Cary Bilglass was the strong customer offering, which includes digital booking channels for achieving the highest possible level of customer satisfaction. The Net Promoter Score of Cary Bilglass of over 90% was also a key factor. We look forward to creating positive customer experiences together with Fremtind,” says Anders Jensen, CEO, Cary Group.

The agreement, which runs for three years, will see Fremtind transfer repair volumes to Cary Bilglass as one of its two partners. In addition to a high Net Promoter Score, a strong sustainable offering was important, which Cary Group is able to demonstrate through transparent reporting of its carbon footprint and continuous efforts to reduce its climate impact.

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 visit www.carygroup.com.

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December 2021

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 visit www.carygroup.com.

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December 2021

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 visit www.carygroup.com.

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December 2021

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 visit www.carygroup.com.

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December 2021

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 visit www.carygroup.com.

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November 2021

Cary Group acquires AB Vetlanda Glas

Cary Group has signed an agreement to acquire 80% of AB Vetlanda Glas, a glass workshop in Vetlanda, Sweden, which is primarily active in car glass. The company was founded in 1960 by Kenneth Gustavsson, who with his son are still active in the business. The glass workshop will be active under the Ryds Bilglas brand. The acquisition is expected to be completed on January 1, 2022.

“We are pleased to welcome Vetlanda Glas to the Cary Group family. Acquisitions of workshops are part of Cary Group's growth strategy and contribute to a dense workshop footprint and thus proximity to our customers. This will be the first workshop in the Vetlanda area”, says Fredrik Karlsson, Managing Director of Ryds Bilglas in Sweden.

Vetlanda Glas has 2 employees and the company's sales for 2020 amounted to approximately SEK 4 million.
Cary Group carries out so-called platform acquisitions (expansion to new geographical markets), add-on acquisitions (acquisitions of additional businesses in an existing market) and acquisitions of individual workshops. So far this year, Cary Group has acquired 15 companies with total annual sales of SEK 500 million.

For more information, please contact:

Helene Gustafsson, Head of IR & Corporate Communication
Tel: +46 708 684 050
E-mail: 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 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 visit www.carygroup.com.

.

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November 2021

Notice Convening the Extraordinary General Meeting of Cary Group Holding AB (publ)

As per the demand of the principal owner Cidron Legion S.à r.l (the “Principal Owner”), who as of the date of this notice holds 30.0 % of the shares and votes of the company, and as previously communicated, the shareholders of Cary Group Holding AB (publ), reg. no. 559040-9388, (“Cary Group”) are hereby given notice of the Extraordinary General Meeting to be held on December 7, 2021.

The Extraordinary General Meeting will be conducted without the physical presence of shareholders, representatives or third parties and the shareholders will before the meeting be able to exercise their voting rights only by post. Information on the resolutions passed at the meeting will be disclosed on December 7, 2021.

Registration and Notification

A person who wishes to participate in the Extraordinary General Meeting by postal voting must

be listed as a shareholder in the presentation of the share register prepared by Euroclear Sweden AB concerning the circumstances on November 29, 2021, and
give notice of intent to participate no later than on December 6, 2021, by casting its postal votes in accordance with the instructions under the heading Postal Voting below so that the postal voting form is received by Euroclear Sweden AB no later than that day.

In order to be entitled to participate in the meeting, a shareholder whose shares are registered in the name of a nominee must, in addition to giving notice of participation in the Extraordinary General Meeting by submitting its postal vote, register its shares in its own name so that the shareholder is listed in the presentation of the share register as of the record date November 29, 2021. Such re-registration may be temporary (so-called voting rights registration), and request for such voting rights registration shall be made to the nominee, in accordance with the nominee’s routines, at such time in advance as decided by the nominee. Voting rights registration that have been made by the nominee no later than December 1, 2021 will be taken into account in the presentation of the share register.

Postal Voting

The Board of Directors has decided that shareholders should be able to exercise their voting rights only by postal voting in accordance with sections 20 and 22 of the Act (2020:198) on temporary exceptions to facilitate the execution of general meetings in companies and other associations. A special form must be used for the postal vote. The form for postal voting is available on Cary Group’s website www.carygroup.com. Completed and signed forms for postal voting can be sent by mail to Cary Group Holding AB (publ), “General Meeting”, c/o Euroclear Sweden, Box 191, 101 23 Stockholm, Sweden or by e-mail to GeneralMeetingService@euroclear.com. Completed forms must be received by Euroclear no later than December 6, 2021. Shareholders who are natural persons may also cast their votes electronically through verification with BankID via the Euroclear Sweden AB’s website https://anmalan.vpc.se/EuroclearProxy. Such electronic votes must be submitted no later than December 6, 2021.

The shareholders may not provide special instructions or conditions to the postal vote. If so, the entire postal vote is invalid. Further instructions and conditions can be found in the postal voting form and at https://anmalan.vpc.se/EuroclearProxy.

Proxy

If the shareholder submits its postal vote by proxy, a written and dated proxy form signed by the shareholder must be attached to the postal voting form. Proxy forms are available on Cary Group’s website www.carygroup.com. If the shareholder is a legal person, a registration certificate or other authorization document must be attached to the form.

Shareholders’ Right to Receive Information

The Board of Directors and the President and CEO shall, if any shareholder so requests and the Board of Directors believes that it can be done without material harm to Cary Group, provide information regarding circumstances that may affect the assessment of an item on the agenda and Cary Group’s relation to other companies within the Group. A request for such information shall be made in writing to Cary Group no later than ten days prior to the Extraordinary General Meeting, i.e. no later than December 27, 2021, at the address of Cary Group Holding AB (publ), Hammarby Kaj 10D, 120 32, Stockholm, Sweden. The questions and responses will be made available on Cary Group’s website www.carygroup.com, no later than December 2, 2021. The questions and answers will also be available at Cary Group’s head office in Stockholm, Sweden, Hammarby Kaj 10D, on the same date. The information is also sent to the shareholders who requested it and stated their address.

Number of Shares and Votes

Cary Group has a total of 131,848,996 shares and votes. Cary Group do not hold any treasury shares.

Proposed Agenda

Election of Chairman of the Meeting;
Election of person to verify the minutes;
Preparation and approval of the voting list;
Approval of the agenda;
Determination as to whether the Meeting has been duly convened;
Election of new chairman of the board of directors
Determination of remuneration to the board of directors

Election of Chairman of the Meeting (item 1)

Attorney Johan Thiman is proposed as Chairman of the Extraordinary General Meeting.

Election of Person to Verify the Minutes (Item 2)

Jonas Lagerroos (representing the Principal Owner), or if he is prevented from participating, the person appointed by the board of directors, is proposed to check the minutes. The assignment to check the minutes also include checking the voting list and that the received postal votes are correctly reflected in the minutes of the meeting.

Preparation and Approval of the Voting List (Item 3)

The voting list proposed to be approved is the voting list prepared by Euroclear Sweden AB on behalf of Cary Group, based on the general meeting shareholders’ register and votes received in advance, and verified by the persons assigned to check the minutes.

Election of New Chairman of the Board of Directors (Item 6)

In accordance with previous communications, the Principal Owner proposes that current board member Juan Vargues is elected chairman of the board of directors.

Juan Vargues, born 1959, has an Executive Master in Business Administration from Lund University and has previously studied Management at the International Institute for Management Development in Lausanne, studied Economics at University of Barcelona as well as studies at Upper Technical School of Agricultural Engineers of Madrid. Juan Vargues is also a member of the board of directors for Munters Group AB and CEO and president of Dometic Group AB. Juan Vargues’ previous engagements include Executive Vice President at ASSA ABLOY Group, CEO at ASSA ABLOY Entrance Systems as well as president and CEO of Besam Group. Juan Vargues is independent in relation to Cary Group and the group management as well as in relation to its major shareholder. Juan Vargues holds 182 163 shares in Cary Group.

The current chairman of the board of directors Magnus Lindquist, is proposed to remain a member of the board. The board of directors is also proposed to consist of members Joakim Andreasson, Magdalena Persson, Leif Ryd and Ragnhild Wiborg.

Determination of Remuneration to the Board of Directors (Item 7)

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 Principal Owner proposes 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 distributed pro rata between the resigning and incoming chairman in relation to the term of the assignment.

The proposition 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 proposition 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).

Processing of Personal Data

For information on how your personal data is processed, see https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.

________________________

Stockholm, November 2021
Cary Group Holding AB (publ)
Board of Directors

For more information, please contact:
Helene Gustafsson, Head of IR & Corporate Communication
Tel: +46 708 684 050
E-mail: 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 repairing and changing of car glass, with complementary services such as the repairing of bodywork and paint damage. We provide services that help maintain the lifetime, value and safety features of motor vehicles by striving to always repair rather than replace. With good accessibility for customers, high quality products and smart solutions, we help our customers make simplified and sustainable choices. For more information, please visit www.carygroup.com.

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November 2021

High acquisition pace brought strong growth

Third quarter 2021

Net revenue increased by 28% to SEK 577 million (450).
Adjusted EBITA increased to SEK 82 million (76), corresponding to an adjusted EBITA margin of 14.2% (16.8).
EBIT amounted to SEK 11 million (73).
Adjusted EBIT amounted to SEK 69 million (73).
Adjusted profit for the period amounted to SEK 4 million (27).
Earnings per share, basic and diluted, totalled SEK -0.45 (0.24).
Cash flow from operating activities amounted to SEK 43 million (38).

Costs affecting comparability amounted to SEK 58 million (0) in the third quarter of 2021 and related primarily to the stock exchange listing.

CEO Comments
In September, we reached an important milestone in our 73-year history with a successful listing on Nasdaq Stockholm. We are proud of the great interest in the company, both from institutional investors and from the general public, and we would like to extend a warm welcome to all new shareholders.

We are continuing our active acquisition strategy, which during the third quarter resulted in a net revenue growth of 28%. The acquisition of Ralarsa in Spain was completed during the quarter, representing another important step in our continued expansion in Europe. In its first two months, the company had a strong start within Cary Group, which further strengthens our conviction that the acquisition is a perfect fit both from a strategic and operational standpoint. We completed four acquisitions during the quarter, together representing annual revenue of just over SEK 300 million. During the year we have made 15 acquisitions in total, with annual revenue of just over SEK 500 million.

We are constantly working to increase profitability at Cary Group by reviewing and improving our business and the operational efficiency of our workshops as well as realising synergies from our acquisitions. We are now able to intensify this work as pandemic-related restrictions are relaxed. The growth of our Rest of Europe business area also gives us opportunities for further economies of scale.

We operate in a non-cyclical market with good underlying growth. As pandemic related restrictions are being eased, we are positive of organic growth prospects. Acquisitions caters our market position and enables synergies and economies of scale. We are optimistic about the opportunities in our markets and to achieve our financial goals.

Presentation of the report
A combined webcast and conference call for investors, analysts and financial media will be held at 11:00 AM CEST. The report will be presented by Anders Jensen, CEO, as well as by Joakim Rasiwala, CFO.

You can follow the video broadcast of the conference via https://tv.streamfabriken.com/cary-group-q3-2021.

A recording of the video broadcast will be available afterwards at www.carygroup.com.
Dial-in details for the conference call:
SE: +46 8 505 583 56
UK: +44 3333 009 273
US: +1 631 913 14 22 PIN US: 74641908#

This information is such 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 person indicated above, on 12 November 2021 at 08:15 CET.

For more information, please contact:

Helene Gustafsson, Head of IR & Corporate Communication
Tel: +46 708 684 050
E-mail: 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 repairing and changing of car glass, with complementary services such as the repairing of bodywork and paint damage. We provide services that help maintain the lifetime, value and safety features of motor vehicles by striving to always repair rather than replace. With good accessibility for customers, high quality products and smart solutions, we help our customers make simplified and sustainable choices. For more information, please visit www.carygroup.com.

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October 2021

Invitation – presentation of Cary Group’s report of the third quarter 2021

Cary Group will publish its third quarter results on Friday, November 12, 2021 at approximately 08:15 AM CEST. A combined webcast and conference call for investors, analysts and financial media will be held at 11:00 AM CEST.

The report will be presented by Anders Jensen, CEO, as well as by Joakim Rasiwala, CFO.

The presentation will be broadcasted live on our website, www.carygroup.com.

Dial-in details for the conference call:

SE: +46 8 505 583 56
UK: +44 3333 009 273
US: +1 631 913 14 22 PIN US: 74641908#

For more information, please contact:

Helene Gustafsson, Head of IR & Corporate Communication Cary Group
Tel: +46 70 868 40 50
E-post: 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 repairing and changing of car glass, with complementary services such as the repairing of bodywork and paint damage. We provide services that help maintain the lifetime, value and safety features of motor vehicles by striving to always repair rather than replace. With good accessibility for customers, high quality products and smart solutions, we help our customers make simplified and sustainable choices. For more information, please visit www.carygroup.com.

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October 2021

Nomination Committee of Cary Group Holding AB (publ)

The Nomination Committee of Cary Group Holding AB (publ) (“Cary Group”) has now been appointed.

At an Extraordinary General Meeting of Cary Group held on 13 August 2021, an instruction for the appointment of the Nomination Committee was adopted, which is valid until further notice. According to this instruction, the Nomination Committee shall consist of representatives of the three largest shareholders in terms of voting rights, as well as the Chair of the Board of Directors, who shall also convene the Nomination Committee for its first meeting.

The Nomination Committee comprises:

Andreas Näsvik, appointed by Nordic Capital, Chair of the Nomination Committee
Peter Gruve, appointed by AMF
Patrik Jönsson, appointed by SEB
Magnus Lindquist, Chair of the Board of Directors of Cary Group

Prior to the 2022 Annual General Meeting (AGM), the Nomination Committee shall submit proposals regarding the election of the Chair of the AGM, the number of Directors to be elected by the AGM, the election of the Board Chairperson and Directors, fees and other remuneration payable to elected Directors and members of Board Committees, the election of auditor(s), the principles for the composition of the Nomination Committee and any changes to the instructions issued to the Nomination Committee. Cary Group’s Annual General Meeting will be held on 17 May 2022.

Shareholders wishing to submit proposals to the Nomination Committee for the 2022 Annual General Meeting may contact the Nomination Committee by sending an email to helene.gustafsson@carygroup.com or a letter to Cary Group AB (publ), Nomination Committee, Hammarbykaj 10D, 120 32 Stockholm, Sweden, by 1 February 2022 at the latest, so that the Nomination Committee can process the proposals it receives in a constructive manner.

Shareholders wishing to have a matter discussed at the Annual General Meeting must submit such a proposal to the Chair of the Board (at the same address as above) by 29 March 2022 or after this date but in time for the matter to be included in the notice convening the Annual General Meeting.

As was announced on 14 September 2021, the current Chair of the Board, Magnus Lindquist, wishes to relinquish this role. Board member Juan Vargues has announced that he is prepared to take over as the new Chair of the Board. Cary Group’s main shareholder, Cidron Legion S.á r.l., indirectly controlled by Nordic Capital VIII[1], has also informed the Board of Directors that it intends to convene an Extraordinary General Meeting to decide on the changes to the Board of Directors, in conjunction with the publication of Cary Group’s interim report for the period January-September 2021. If Juan Vargues is appointed as Chair of the Board, the intention is that he replaces Magnus Lindquist as a member of the Nomination Committee.

For more information, please contact:

Andreas Näsvik, Chair of the Nomination Committee
Email: andreas.nasvik@nordiccapital.com

Magnus Lindquist, Chair of the Board of Directors of Cary Group
Tel: +46 (0)73 316 09 63
Email: magnus.lindquist@cordetcapital.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 repairing and changing of car glass, with complementary services such as the repairing of bodywork and paint damage. Ryds bilglas, Svenska Bussglas, Mobile Windscreens, Crashpoint, Danglas, Cary, Quick Car Fix, Autoklinik and Auto Cristal Ralarsa are our well known and successful brands, with a total of 524 workshops and 397 mobile units. We provide services that help maintain the lifetime, value and safety features of motor vehicles by striving to always repair rather than replace. With good accessibility for customers, high quality products and smart solutions, we help our customers make simplified and sustainable choices. For more information, please visit www.carygroup.com.

[1] References to “Nordic Capital VIII” in this press release refer to Nordic Capital VIII Alpha, L.P. and Nordic Capital VIII Beta, L.P. (acting through their general partner Nordic Capital VIII Limited).