"I am very pleased to welcome Frode Thorsén to the Board of Vultus. Frode has extensive experience from leading and developing growth companies like Vultus and his technical background combined with strategy development and leadership will be important for our continued expansion," comments Björn Lundsten, Chairman of the Board of Vultus.

Frode Thorsén holds a Master of Science in Engineering Mathematics from Lund University and has a background in entrepreneurship and technological innovation. Frode has extensive experience in managing and developing growth companies, most recently as CEO of Paxx Media and board member of Brygghuset Finn.

"Vultus approach to innovatively using data to make precision analyses for agriculture is a great showcase of how I believe technology can create real value and make the world a better place. I am very much looking forward to contributing to Vultus continued success. My keen interest in technology and data processing, combined with my experience of starting and running growth-stage companies, makes me enthusiastic about joining Vultus in this exciting phase," comments Frode Thorsén, board member of Vultus.

For more information about Vultus, please contact

Per Karlsson, CEO Vultus AB

Phone: +46 (0) 70-001 97 01

E-mail: per.karlsson@vultus.se

Website: www.vultus.se

About Vultus AB (publ)

Vultus is an agtech company that offers analysis of crops and soil conditions based on satellite data. Vultus provides decision support for efficient and sustainable agricultural practices globally through the company's platform service. The Vultus share (Ticker: VULTS) is listed on Spotlight Stock Market. For more information about Vultus, please visit: www.vultus.se