Nilsson Special Vehicles AB ("Nilsson") today announces that the Board of Directors has decided to appoint Fredrik Nilsson as ordinary CEO of the company. Fredrik Nilsson's position as acting CEO thus immediately transitions to a regular position.

Fredrik Nilsson has been acting CEO since October 2017. Before that, Fredrik was on the management team and Fredrik's solid experience with the company stretches back all the way to 1995. In his role as acting CEO, Fredrik Nilsson has successfully carried out efficiency work that has shortened the production time in the factory.

CEO Fredrik Nilsson comments

"Itfeels very good to be trusted to continue to develop Nilsson's business. Since I took over as acting CEO of Nilsson, the focus has been on efficiency work and our ongoing measures have gradually had an impact in the form of reduced production times. I look forward to continuing to streamline the business and drive Nilsson towards new successes. "

Chairman of the Board Thomas Mårtensson comments

"FredrikNilsson has been acting CEO for the past 12 months and has deservedly driven the company forward. He has shown a strong drive and has extensive knowledge in our field of operations. We believe that Fredrik Nilsson is the right person to continue to drive Nilsson's business forward. "

For more information, please contact:

Fredrik Nilsson, CEO

Email: fredrik.nilsson@nilsson.se

Phone: +46 (0)70-664 90 59

Thomas Mårtensson, Chairman of the Board

Email: thomas.martensson@midroc.se

Phone: +46 (0)70-622 63 22

Briefly about Nilsson Special Vehicles

Nilsson is today one of Sweden's largest players for customized vehicles. The company produces and sells limousines, ambulances and funeral cars. Customers are mainly located in Europe, where the largest markets are Scandinavia and England. The story behind Nilsson began in 1945 when Yngve Nilsson Karosserifabrik was founded. With many years of experience in the industry, the company has a strong focus on innovation in the form of new materials, technologies and increased global market focus to achieve continued satisfied customers.

Nilsson Special Vehicles AB (publ) is listed on Nasdaq Stockholm First North (ticker: NILS). Certified Adviser to Nilsson Special Vehicles is Sedermera Fondkommission.

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