Mintra Holding AS - CEO transition, proposal for changes to the board and potential up-listing

Oslo, 12 May 2021: Mintra Holding AS' board of directors and the CEO, Scott Kerr, have agreed that Mr Kerr will transition from being the company's CEO to become a board member of the company, to take effect as of the annual general meeting to be held on 26 May, 2021.

From the same time, Kevin Short will become the CEO of Mintra Group.

Chairman Martin Scott said: "The Board and the company are extremely grateful to Scott for his excellent leadership through the past years. We are delighted to welcome Kevin to the role of CEO and are excited to work with him as Mintra continues its exciting journey."

Mr Short has been the company's CCO since 2018, following the acquisition of Atlas Knowledge where he was CEO. Before joining Atlas in 2012 as Sales Director and subsequently Commercial Director, Mr Short held several senior management positions in the financial services sector, including Vice President Sales and Marketing with Pitney Bowes in London and Managing Director with both Hays DX and Meridian in Ireland. After earning his bachelor's degree in Production and Operations Management, he spent a number of years in New York and London where he worked for Chase Manhattan Bank and Uni-Data as Director of Operations.

Mr Kerr became the CEO of the company in February 2016. Originally a petroleum engineer from the University of Wyoming, he has extensive knowledge and background in the oil and gas industry. He has previously held a number of senior management positions in this industry, including Managing Director of BP Norway, CEO of Norwegian Energy Company (NORECO), and CEO of Sevan Drilling.

Following that, Johannes Jamne did not consider himself for re-election, the announced resignation of the board member Wim De Deken and the transition of Mr Kerr to the board, the board of directors proposed that Mr Kerr become new board member. The proposal is up for approval by the company's annual general meeting to be held on 26 May 2021. Following such approval, the board of directors of the company will consist of:

Martin Scott (Chairperson)
Scott Kerr, Anne Schiettecatte, Jeroen Lenssen, Brad Crain, Tom Ormberg (employee representative)
Ketil Toska (employee representative)

Mr Scott said: "The Board would like to thank our friend and colleague Johs for many years of service to the board where he has provided great insight and leadership."

The company is considering to initiate a process for applying for an up-listing of the company's Shares to Oslo Børs or alternatively Euronext Expand and aims to complete such up-listing during second half of 2021, subject to inter alia strategic assessments, company decisions and the reasonable possibility of satisfying applicable listing criteria (including necessary approvals by inter alia Oslo Børs and the Financial Supervisory Authority of Norway). Further amendments to the board may be proposed in connection with an up-listing process, as well as further corporate governance and other measures to position the company for an up-listing.

For further information please contact:

Scott Kerr, CEO, Mintra Group +47 99 28 38 90
Ian Mackie, CFO, Mintra Group +44 1224 651340

This notification contains inside information pursuant to §3-1 of the Norwegian Securities Trading Act. The contact persons are responsible for this announcement. This information is subject to disclosure requirements pursuant to
§5-12 of the Norwegian Securities Trading Act.

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