This appointment is due to the pending retirement of Conor O'Brien who has been with the company since 2011, a period of time which brought pivotal changes to Zutec culminating in the I.P.O. just one year ago. Conor will continue with the company in a support role for a period of time to ensure an orderly transition to new personnel and new reporting systems.

Cliona brings a wealth of domestic and international experience, having served in senior financial roles in private equity, property and shipping sectors. She held a senior role in CIT group partners, a London based property private equity firm. She also worked with Golar LNG, a U.S. Nasdaq listed shipping company and was centrally involved in both the I.P.O of Golar LNG partners, and the private placement of Golar Energy on the Oslo Bors.

She is a business graduate of Trinity College, Dublin, a fellow of the Institute of Chartered Accountants and trained and worked with PwC in both Dublin and London.

The Directors and Executive of the Zutec group are delighted to welcome Cliona into her new role and look forward to working alongside her over the coming years in the ongoing development and scaling of all the companies within the group.

For further information, please contact:

Brendan O'Riordan CEO of Zutec Holding AB; brendan.oriordan@zutec.com  (Tel:+353 86 8568971)

The company is listed on Nasdaq First North and Mangold Fondkommission AB is the Company's acting Certified Adviser (Tel: + 46 8 5030 1550, CA@mangold.se, www.mangold.se.)

About Zutec Holding AB

Zutec develops and markets cloud-based software solutions, primarily directed to companies within the building and construction industry. The Company's products help clients to increase their productivity and cost efficiency. Zutec provides solutions within project management, data and document collaboration tools, data enriched 3D-models, defect management, project handover and the operations and maintenance of buildings.

To find out more please visit www.zutec.com