Changes in the management and organisation structure of Lauritz.com

No. 15/2019

Copenhagen, 01 October 2019

As previously announced Carsten Rysgaard has been appointed as the CEO of Lauritz.com.

Carsten Rysgaard is joining Lauritz.com today, 1 October 2019, and will join the Executive Board of the group from today.

We have decided to optimize the central organization of Lauritz.com to match it better to the need for a more sales oriented and operational management in our markets. The central position as Chief Commercial Officer is discontinued, as we want to prioritize a management structure where the responsibility for our Auction Turnover is placed directly with the country managers. During the past 9 month, we have experienced that the closeness to the markets and the tactical management of our 29 branch managers performed by the country managers is creating a positive momentum in the 29 auction houses. A contribution that can be seen in our Q2 reporting showing a 6% growth in Auction Turnover compared to last year. Going forward the country managers will report directly to the CEO of Lauritz.com instead of to a Chief Commercial Officer.

The CCO Thomas Stensgaard will continue in the group for the time being, but will leave the Executive Board of the group as of today.

From today the Executive Board of the group consists of the CEO and the CFO.

Best regards

Lauritz.com Group A/S

Bengt Sundström

Chairman

For press enquiries, please contact:

Susanne Sandsberg Klubien,

E-mail ,

Certified Adviser: Erik Penser Bank AB

Telephone number:

E-mail:

Market place: Nasdaq First North Growth Market Premier Stockholm

This information is information that Lauritz.com Group A/S 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 set out above, at 08.55 am CEST on 01 October 2019.