Paradox Interactive AB (publ) changes CEO and Chairman of the Board

Due to differing views on the company's strategy going forward, Paradox Interactive AB’s (publ) CEO Ebba Ljungerud has decided to leave the CEO position with immediate effect. The Board of Paradox Interactive has appointed Fredrik Wester as CEO with immediate effect. Ebba Ljungerud will stay for a period to ensure a good handover. In connection with Fredrik Wester’s appointment as CEO, he has resigned as Chairman of the Board with immediate effect. The Board has decided to appoint Håkan Sjunnesson, currently Deputy Chairman of the Board, as Chairman of the Board.

• Ebba has done a fantastic job as CEO of Paradox Interactive. During her leadership the organisation, player base and our game projects have been strengthened and grown which give the company a strong base for future growth. We regret that she has decided to resign but wish her all the best in future endeavours, says Håkan Sjunnesson, Chairman of the Board.

For further information please contact:

Fredrik Wester, CEO of Paradox Interactive

Håkan Sjunnesson, Chairman of the Board of Paradox Interactive

e-mail; ir@paradoxinteractive.com

phone; +46 703 55 54 18

This disclosure contains information that Paradox Interactive AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 01-09-2021 18:00 CET.