Vagn Sørensen has announced to Scandic's Nomination Committee that he will stand down as Chairman and member of the Board of Directors from the Annual General Meeting 2018.

Vagn Sørensen has been Scandic's Chairman of the Board since 2007. The Nomination Committee has received notice that Vagn Sørensen will stand down as Chairman and member of the Board from Scandic's Annual General Meeting 2018.This is due to time constraints from several other international board appointments.

"We would like to extend our warmest thanks to Vagn for his significant contributions to Scandic's success during the 11 years he has been Chairman. During Vagn's time, Scandic has developed into the leading hotel company in the Nordic countries and was successfully listed on the stock exchange. The Nomination Committee will soon present its proposal to the Board of Directors for the Annual General Meeting," says Joel Lindeman, Chairman of the Nomination Committee.

Scandic's Annual General Meeting will be held on April 26, 2018 at Scandic Alvik.

About Scandic Hotels Group

Scandic is the largest hotel company in the Nordic countries with a network of about 280 hotels and 58,000 hotel rooms in operation and under development at more than 130 destinations. The company is leading the way in integrating sustainability in all areas and its award-winning Design for All concept ensures that Scandic hotels are accessible to everyone. Well loved by guests and employees, the Scandic Friends loyalty program is the largest in the Nordic hotel industry and Scandic is one of the most attractive employers in the region. Scandic is listed on Nasdaq Stockholm.

www.scandichotelsgroup.com

Henrik Vikström
Director Investor Relations
+46 709 52 80 06
Scandic