The Board of Amber Beverage Group Holding S.à r.l. (hereinafter – the Group or ABG) informs that, pursuant to the provisions of the Financial Instrument Market Law of the Republic of Latvia and the Law of 23 July 2016 concerning the audit profession of the Duchy of Luxembourg, it has established an Audit Committee.

The Audit Committee is, inter alia, established based on the following criteria: the Audit Committee is a stand-alone committee and it shall be composed of at least three members; one member shall be elected from the ABG Supervisory Board; the majority of Audit Committee members must be independent from the company; at least one member of the Audit Committee shall have competence in accounting and/or auditing; the Audit Committee members as a whole shall have competence relevant to the sector in which the Group is operating.

The Company has conducted a research, reviews, and interviews with potential candidates, and the Shareholders have reviewed and evaluated those in order to choose Audit Committee members. After careful consideration, the Shareholders appointed the following individuals as Audit Committee members of the Company:

• Simon Charles Rowe has been elected as the Audit Committee member from the ABG Supervisory Board. He brings with him over 30 years of experience in the financial industry, with a 21-year tenure in the private financial services industry, holding the position of Managing Director of Swicorp. Currently, Simon Charles Rowe is the Founder and Managing Partner of Monsar Capital - an independent international financial advisory and investment company.
• Olivier Cagioulis has been elected as the Audit Committee member as an independent member. He brings with him 20+ years of experience in auditing from such audit companies as PricewaterhouseCoopers Luxembourg, Ernst & Young Luxembourg, and BDO Compagnie Fiduciaire. Since 2010, he has been managing the audit company, Audit & Consulting Services S.à r.l., and consulting various clients operating in such areas as trading, beverage manufacturing, real estate, banking, and insurance.
• Michele Perez has been elected as the Audit Committee member as an independent member. She has over 25 years of experience in auditing in such audit companies as KPMG Luxembourg and Audit & Compliance S.à r.l., as well as being a partner in Moore Stephens Audit Sàrl and Fidewa-Clar. Since 2013, she has been managing the audit company Aumea Partner S.à r.l. and consulting various clients operating in trading and manufacturing.

Amber Beverage Group Holding S.à r.l. Audit Committee is elected for a three-year term.

Arturs Evarts
Member of the Board
Phone: +371 6708 1303
Email: forinvestors@amberbev.com
www.amberbev.com