The board for Studentbostäder i Norden (SBS Norden) has received a proposal from the shareholders Otre Fund, Aktiebolaget Fastator and Samhällsbyggnadsbolaget i Norden, which together represent 40.72 percent of the shares and votes in SBS, to replace the board in its entirety in accordance with below. The proposal from the major shareholders has been anchored by SBS's election committee. The nomination committee has drawn up a proposal for the election of new board members ahead of the 2024 annual general meeting, and it is the major shareholders' proposal that the general meeting decide in accordance with the nomination committee's proposal for an extra general meeting. The nomination committee's reasoned opinion on the new board members will be provided in connection with the issue of the notice to the general meeting. The board will, in accordance with the Swedish Companies Act, call an extra general meeting to consider the proposal for a new board.

The major shareholders, in consultation with the nomination committee, propose that the extraordinary general meeting decide on the following:

- that the number of board members for the time until the end of the next annual general meeting shall consist of four board members instead of five board members, without deputies, and

- that the board is replaced in its entirety by the new election of Leiv Synnes, Charlotte Axelsson, Tomas Lifvendahl and Amir Gal, for the period until the end of the next annual general meeting.

In accordance with the Swedish Companies Act, the Company will publish a notice to an extraordinary general meeting. The notice to the extraordinary general meeting is expected to be published around January 17, 2024.