Skistar's Annual General Meeting

At SkiStar AB (publ)’s annual general meeting, held in Sälen on 14 December 2019, the following decisions were made.

· A dividend of SEK 3.50 (3.50) per share was adopted. Record day, 17 December 2019.

· Eivor Andersson, Lena Apler, Sara Karlsson and Fredrik Paulsson were re-elected to the Board, and Lars-Göran Dahl, Gunilla Rudebjer and Anders Sundström were elected as new members.

· Eivor Andersson was elected Chairman of the Board.

· Board fees, including committee fees, of SEK 2,120,000 (2018: SEK 1,500,000) were adopted, distributed as follows: SEK 500,000 (400,000) to the Chairman of the Board and SEK 220,000 (200,000) each to the other non-executive Directors. Audit Committee members will receive total fees of SEK 200,000 (200,000), distributed as follows: SEK 100,000 (100,000) to the Committee Chairman and SEK 50,000 (50,000) to each of the other two members. Remuneration Committee members will receive total fees of SEK 100,000 (100,000), distributed as follows: SEK 50,000 (50,000) to the Chairman and SEK 25,000 (25,000) to each of the other two members.

· Chairman of the Board Eivor Andersson, who was appointed during the 2018/19 financial year, will receive an extra fee of SEK 600,000. This is in addition to the Chairman’s fee decided by the 2018 AGM.

· Former CEO Mats Årjes will receive total additional remuneration of SEK 325,000 thousand per month for twelve (12) months from December 2019. An important success factor for the new President and CEO is initial access to Mats Årjes’ expertise and network. This knowledge transfer has been made possible through an AGM resolution. The remuneration is considered by the Board to be market-based. If Mats Årjes chooses to take up employment in, or take on assignments for, businesses that compete with SkiStar within Scandinavia during this twelve-month period, no remuneration will be paid from SkiStar. The remuneration was conditional on the AGM’s decision as it deviates from the guidelines adopted by the AGM for remuneration of senior executives.

· The Parent Company income statement and balance sheet, and consolidated income statement and balance sheet for the 2018/19 financial year were adopted.

· Board members and the CEO were discharged from liability for the 2018/19 financial year.

· PricewaterhouseCoopers AB (PWC) was re-elected as auditor for a period of one year. Camilla Samuelsson remains the chief auditor. Auditor's fees are paid on an approved current account basis.

· The AGM established principles for appointing members to the Nomination Committee, including instructions for the Nomination Committee.

· The Board’s proposed guidelines on the remuneration of senior executives were adopted.

· The AGM authorised the Board to make decisions on the purchase and transfer of the Company’s own shares on one or more occasions before the next AGM. Purchases must be conducted in a regulated market or in accordance with a purchase offer. The repurchases and sale of own shares only applies to Class B shares.

All AGM resolutions were made in accordance with the proposals that were made available to shareholders prior to the AGM. The CEO’s address to the meeting is available on the Company’s website at www.skistar.com/sv/corporate.

The following decisions were made at the inaugural Board meeting:

· Lena Apler, Fredrik Paulsson and Gunilla Rudebjer were elected as members of the Audit Committee, with Lena Apler as Chairman.

· Eivor Andersson, Lars-Göran Dahl and Sara Karlsson were elected as members of the Remuneration Committee, with Eivor Andersson as Chairman.

This information was submitted for publication, through the agency of the contact persons set out below, at 14 December 2019, 17.00 a.m. CET.

SkiStar in brief:
SkiStar AB (publ) is listed on the Nasdaq Mid Cap, Stockholm. The Group owns and operates alpine destinations in Sälen, Åre, Vemdalen and Hammarbybacken (Stockholm) in Sweden, Hemsedal and Trysil in Norway and St. Johann in Tirol in Austria. Market share is 50% in Sweden, 30% in Norway and 41% in Scandinavia. The Group’s core business is alpine skiing, with a focus on the guests’ overall skiing experience. Operations are divided into two segments; Operation of Ski Resorts and Property Development & Exploitation.

Further information can be reached from:
Eivor Andersson, Chairman of the Board, tel +46 (0)280 880 80 Anders Örnulf, CFO, tel +46 (0)280 880 80