Zutec announces resignation of CEO and appointment of Interim CEO

Zutec Holding AB (the Company”) announces, by mutual consent, that CEO Brendan O’Riordan has tendered his resignation with immediate effect to pursue other career opportunities.  He will continue to support the Company in a consultancy position during the transition period. In light of Mr. O’ Riordan’s resignation, the Board has appointed Clíona Farrelly, presently the CFO of the Company, as interim Chief Executive Officer.

The Board would like to thank Brendan for his excellent work during the IPO and the development phase of the Company and wishes him every success in his future endeavours.

For additional Information please contact:

Daniel Nyhrén, Chairman of Zutec Holding AB

daniel@athanase.se +46 76 850 6020

The company is listed on Nasdaq First North Growth Market and Mangold Fondkommission AB is the Company’s acting Certified Adviser (Tel. + 46 8 5030 1550, CA@mangold.sewww.mangold.se.)

This information is inside information that Zutec Holding AB (publ) is obliged make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above, September 11th, 2019, at 8am CEST

About Zutec Holding AB

Zutec develops and markets cloud-based software solutions, primarily directed to companies within the building and construction industry. The Company’s products help clients to increase their productivity and cost efficiency. Zutec provides solutions within project management, data and document collaboration tools, data enriched 3D-models, defect management, project handover and the operations and maintenance of buildings.

To find out more please visit www.zutec.com