11/05: Notice convening the Extraordinary General Meeting in Scandinavian Brake Systems A/S (Company reg. no. 32774210) NO. 07 )PDF)

NASDAQ Copenhagen A/S

COMPANY ANOUNCEMNTS NO. 07-2021

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

The Board of Directors hereby notifies that an Extraordinary General Meeting will be held at Hotel Christiansminde, Christiansmindevej 16, 5700 Svendborg, Denmarkat:

10:30 am on Monday 7 June 2021.

The agenda is as follows:

1. Election of Chairman
2. Approval of the sale of SBS Automotive A/S to Borg Automotive A/S
3. Election of member to the Board of Directors
4. AOB

Due to the COVID-19 pandemic, shareholders are requested to adhere to the guidelines and recommendations in force at all times.

Majority requirement

The adoption of the agenda's item 2 requires that at least two-thirds (2/3) of both the votes submitted and of the voting stock represented at the General Meeting vote in favor of the proposal. In all other matters, a simple majority of votes is required for approval, adoption and election.

Registration date, right to attend and voting right

A shareholder's right to attend and vote at the 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. Monday 31 May 2021.

Admission cards

Shareholders, proxies and advisors need admission cards to attend the Extraordinary General Meeting. Scandinavian Brake Systems A/S issues admission cards by post or email. The latter requires the shareholder's email address to be registered on the InvestorPortalen. After registration, the shareholder will receive an electronic admission card. 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 must be ordered:

• by electronic registration atwww.vp.dk/gforwww.sbs-group.dk not later than 11.59 pm on Thursday 3 June 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 Thursday 3 June 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 and postal votes must be received by VP Securities A/S not later than 11.59 pm on Thursday 3 June 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 Extraordinary General Meeting, the full wording of any proposal and the proxy form/postal vote form 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.dkfrom Thursday 11 May 2021.

Svendborg, 11 May 2021

The Board of Directors