07/04: Notice convening the Annual General Meeting of Scandinavian Brake Systems A/S (business registration no. 32774210) NO. 04 (PDF)

NASDAQ Copenhagen A/S

STOCK MARKET ANNOUNCEMENT NO. 04-2021

NOTICE CONVENING THE ANNUAL GENERAL MEETING OF SCANDINAVIAN BRAKE SYSTEMS A/S (business registration no. 32774210)

The Board of Directors hereby notifies that Company's Annual General Meeting will be held at Hotel Christiansminde, Christiansmindevej 16, 5700 Svendborg, Denmark, at:

2.00 pm on Thursday 29 April 2021.

The agenda is as follows:

1. Election of Chairman
2. The Board of Directors' report on the Company's activities during the past year
3. Adoption of the Annual Report
4. Resolution on the distribution of the profit or loss recorded in the Annual Report
5. Presentation and guiding vote of the Company's Remuneration Report
6. Election of members to the Board of Directors
7. Appointment of auditor
8. Any proposals form the Board of Directors or shareholders, The Board of Directors submits the following proposal:
   a. Remuneration payable to the Board of Directors for the election period 2021/2022
9. AOB

Due to the COVID-19 pandemic, shareholders are requested to adhere to the guidelines and recommendations in force at all times, including possibly by not attending in person but by casting their votes by power of attorney or letter. Should the number of attendees lead to the rules for meetings not being observed, the Board of Directors will cancel the General Meeting.

Majority requirement

A simple majority of votes is required for point 1-8.

Registration date, right to attend and voting right

A shareholder's right to attend and vote at the Annual General Meeting is determined in proportion to the shares possessed by the shareholder on the date of registration (1 week before the general meeting), i.e. Thursday 22 April 2021.

Admission cards

Shareholders, proxies and advisors need admission cards to attend the General Meeting. Scandinavian Brake Systems A/S issues admission card by post or email. The latter requires the shareholder's email address to be registered on the InvestorPortalen. If a shareholder does not bring an admission card, he can obtain an admission card against presentation of ID. Ballots are provided in the admission registration at the General Meeting.

Admission cards can be ordered:

• by electronic registration atwww.vp.dk/gforwww.sbs-group.dknot later than 11.59 pm on Friday 23 April 2021 or
• by filling in and submitting a registration form to be printed at www.sbs-group.dk, by post to VP Securities A/S, Weidekampsgade 14, DK- 2300 Copenhagen S, or by email to [e-mail]. The registration form must be received by VP Securities A/S not later than 11.59 pm on Friday 23 April 2021.

Proxy/postal vote

Shareholders have the option of voting at the General Meeting by submitting a proxy to the Board of Directors or a third party specified by name or by submitting a postal vote. It is possible to cast votes by either proxy or postal vote, but not both.

• Electronic proxy or electronic postal vote can be authorized onwww.vp.dk/gfor www.sbs-group.dkby using Nem-ID or a VP username and password
• Physical proxy or physical postal vote can be printed atwww.sbs-group.dk.The signed and dated proxy form/postal vote form must be sent by post to VP Securities A/S, Weidekampsgade 14, DK-2300 Copenhagen S, or by email to [e-mail]

Proxies must be received by VP Securities A/S not later than 11.59 pm on Friday 23 April 2021. Postal votes must be received by VP Securities A/S not later than 11.59 pm on Tuesday 27 April 2021.

Shares

The Company's capital amounts to DKK 32,085,000, equivalent to 3,208,500 shares of DKK 10.00 each. Each share entitles the holder to one vote.

Questions from the shareholders

The shareholders' questions to the Board of Directors and the Executive Board will be answered at the General Meeting.

The notice convening the Annual General Meeting, the full wording of any proposal, the proxy form/postal vote form and the Annual Report 2020 are available in Danish for review at the Company's office at Kuopiovej 11, 5700 Svendborg, Denmark and at the Company's website www.sbs-group.dk,from Wednesday 7 April 2021.

Svendborg, 7 April 2021

The Board of Directors