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.