The Nomination Committee of Scandic Hotels Group AB has today announced that it will propose that the Annual General Meeting to be held on April 26, 2018, elects Per G Braathen as new Chairman of the Board of Directors and Frank Fiskers as new member of the Board of Directors.

The Nomination Committee has chosen to publish its proposals for new Chairman of the Board and new member of the Board of Scandic as decisions now are made on these matters. The full proposal with the Nomination Committee's reasoned opinion regarding the proposals is available on www.scandichotelsgroup.com.

On February 20, it was announced that the Nomination Committee had 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.

"Per G Braathen, who was born in 1960, has been a member of the Board of Directors of Scandic Hotels since 2007 and is currently Vice Chairman of the Board and a member of Scandic's Remuneration Committee. Per has a good understanding of Scandic and he has been instrumental for Scandic's development during his time as a member of the Board. This, combined with his great experience from the travel industry as Chairman at companies including Braganza AB and the airline BRA (Braathens Airline) make him suitable as Chairman of the Board at Scandic", says Joel Lindeman, Chairman of the Nomination Committee.

"Frank Fiskers, who was born in 1961, was President & CEO of Scandic from 2013 until July 2017 as well as between 2007 and 2010 in addition to being a member of Scandic's Board of Directors from 2010 to 2012. He has solid experience from the hotel industry from leadership positions at companies including Hilton Hotels, Rezidor and First Hotels. Frank's longstanding experience and great understanding of Scandic and the hotel industry will be valuable for the work of the Board of Directors. We are delighted that Frank wants to be a part of Scandic again", ends Joel Lindeman, Chairman of the Nomination Committee.

About Scandic Hotels Group

Scandic is the largest hotel company in the Nordic countries with a network of about 280 hotels with 58,000 rooms in operation and under development, in more than 130 destinations. The company is the leader when it comes to integrating sustainability in all operations 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 the company 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