National Electric Vehicle Sweden AB Tel +46 (0)520 850 00 Registered Office: Trollhättan Saabvägen 5 [email protected] Reg number: 556889-7556 SE-461 38 Trollhättan www.saabcars.com VAT: SE55688975 5601 Sweden Trollhättan November 10, 2015 Nevs strengthens the Board with Mr. Finn Johnsson and representatives of its Chinese part owners National Electric Vehicle Sweden AB (Nevs) has expanded the Board with Mr. Finn Johnsson, among else former chairman of AB Volvo. Nevs’ part owners, the Tianjin demonstration zone, THT, and the State Research Information Technology, SRIT are also new board members. Finn Johnsson has for many years held leading positions in international and Swedish business. Including as Chairman of the Board of AB Volvo and member of the board of Industrivärden, Skanska and other companies, as well as CEO of Euroc, Mölnlycke Health Care and United Distillers. Currently Finn Johnsson holds the positions as Chairman for The West Sweden Chamber of Commerce, Ovako, Thomas Concrete Group and several small businesses. “I am pleased to welcome our Chinese part owners to the Board. It is important for Nevs to have active owners with close support and transparency. Finn Johnsson’s broad experience in board work and management strategically strengthens the Board of Nevs in the development of the company”, said Kai Johan Jiang, chairman Nevs. Nevs’ Board Members: Kai Johan Jiang, Chairman Stefan Tilk, Vice Chairman Mattias Bergman, President Ronnie Hermansson, Labor representative, Unionen Finn Johnsson Ming Li, SRIT Limin Sun, THT Deputy Board Members: Mikael Kubu Stefan Larsson, Labor representative, IF Metall .