Komplett ASA: Jaan Ivar Semlitsch to step down as CEO in August 2025

15 Jan 2025 07:00 CET

Sandefjord, 15 January 2025: Jaan Ivar Semlitsch has today informed the board of
directors of Komplett ASA that he will step down as President & CEO to take over
as CEO of Apotek1 Gruppen.

The board will initiate a process to find his successor and will consider both
internal and external candidates. Semlitsch will continue in the position until
1 August 2025.

Jaan Ivar Semlitsch has been President & CEO of Komplett ASA since February
2023. In order to ensure continuity while maintaining the strategic direction
and targets communicated at the capital markets day last year, the group's main
shareholders have signalled that they will recommend to the upcoming annual
general meeting to elect Semlitsch as the new chair of the board following his
resignation.

Today, an internal announcement has been made that Morten Johnsen will take over
as CEO of Komplett Services in Sandefjord as of 15 January. Johnsen comes from
the position of CFO of Komplett Services, succeeding Erlend Stefansson.

Komplett Group had a positive conclusion to the year in a gradually improving
market. The group is continuing to work on commercial measures and cost
efficiency. The figures for the last quarter will be published on 13 February,
in line with the financial calendar.

For further inquiries, please contact:

Kristin Hovland, Head of Communication
Kristin.Hovland@komplett.com

About Komplett ASA

Komplett Group is a leading online-first electronics and IT products retailer,
operating in Norway, Sweden and Denmark. Serving customers in the B2C, B2B and
distribution markets, the Group is deeply focused on delivering best-in-class
customer experience, built through decades of knowhow, expertise and deep
customer commitment. Komplett Group operates an efficient and scalable business
model that supports cost leadership and enables a competitive product offering.

This information is subject to the disclosure requirements pursuant to Section 5
-12 of the Norwegian Securities Trading Act.

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