Chairman of the Board of North Media A/S to Change Role

Announcement No. 9-2025

4 June 2025

Chairman of the Board of Directors Ole Borch has today, in agreement with the company's major shareholder, Baunegård ApS, decided to step down as Chairman of North Media during the second half of 2025. This change will take place in connection with Ole Borch at that time taking on the role as Chairman of a new foundation, to be established and expected, in the long term, to take over the majority shareholding in North Media currently owned by Baunegård ApS, which in turn is owned by Richard Bunck. Reference is made to Company Announcement No. 2-2021, issued by North Media on 10 February 2021.

North Media's Board of Directors will now consider and subsequently announce who will become the new Chairman of the Board. Ole Borch will continue as Chairman until this transition takes effect.

For further information, please contact:

Chairman of the Board of Directors Ole Borch, tel. +45 2518 3555

This document is an unofficial translation of the Danish original. In the event of any

inconsistencies, the Danish version shall apply.

North Media develops and operates platforms for transactions that bring businesses and

consumers together. These platforms help consumers find the right products, whether they

are looking for groceries, rental housing or digital access management solutions. North

Media has two core business areas: Last Mile: FK Distribution and SDR Svensk Direktreklam

are among the leading distributors of leaflets and local newspapers in Denmark and Sweden,

respectively. Digital Services: Three businesses with the potential for growth, rising earnings

and scalability: BoligPortal is Denmark's leading home rentals platform, offering services to

both landlords and tenants. Dayli (MineTilbud) is a leading digital offer platform and Bekey

provides digital access solutions for secured stairwells and private homes for the use of

homecare services and companies delivering parcels, groceries, meal services, etc.