| Company announcement No. 4/2016 | Nets Lautrupbjerg 10 DK-2750 Ballerup www.nets.eu Company Registration no. 37427497 23 September 2016 |
Election of new Deputy Chairman of the Board of Directors of Nets
Today, Nets A/S ("Nets") held an extraordinary general meeting to elect Jeff Gravenhorst as new member and Deputy Chairman of the Board of Directors as set out in the offering circular published on 13 September 2016 in connection with Nets' initial public offering and subsequent admission to trading and official listing on Nasdaq Copenhagen A/S (the "Admission").
Jeff Gravenhorst (born 1962, Danish nationality) is the Group CEO of ISS A/S and the chairman of the board of directors of Rambøll Gruppen A/S, ISS World Services A/S and ISS Global A/S as well as a member of the board of directors of Danish Crown A/S. In addition, Jeff Gravenhorst is a member of the Confederation of Danish Industry's Permanent Committee on Business Policies. Jeff Gravenhorst holds a Bachelor degree in Business Administration and a Master of Science in Business Administration and Auditing, both from Copenhagen Business School.
Jeff Gravenhorst is considered by the Board of Directors to be independent.
Composition of the Board of Directors After the extraordinary general meeting, the Board of Directors held a board meeting at which Jeff Gravenhorst was appointed new Deputy Chairman of the Board of Directors.
The Board of Directors is now composed as follows:
| Name | Position | Committee memberships | Independence |
| Inge K. Hansen | Chairman | Chairman of Remuneration Committee Chairman of Nomination Committee | Independent |
| Jeff Gravenhorst | Deputy Chairman | Member of Audit Committee | Independent |
| Monica Caneman | Board member | Chairman of Audit Committee Member of Remuneration Committee Member of Nomination Committee | Independent |
| Per-Kristian Halvorsen | Board member | Member of Audit Committee Member of Remuneration Committee Member of Nomination Committee | Independent |
| James Brocklebank | Board member | Not independent | |
| Robin Marshall | Board member | Not independent |
- Ends -
For additional information, please contact
| Nets Karsten Anker Petersen, Head of Group Communications Lars Østmoe, Head of Investor Relations | +45 29 48 78 83 +47 913 47 177 |
