Scandinavian Tobacco Group A/S

Results of the Annual General Meeting

Company Announcement No. 19/2024

         Copenhagen, 4 April 2024

Results of the Annual General Meeting
of Scandinavian Tobacco Group A/S

Scandinavian Tobacco Group A/S (the "Company") held its annual general meeting today. The outcome of the general meeting was as follows:

 1.   Adoption of the audited annual report


The audited annual report was adopted by the general meeting.

 2.   Appropriation of profit as recorded in the adopted annual report


The general meeting approved the Board of Directors’ proposal that for the financial year 2023 the Company pays a dividend of DKK 8.40 per share of DKK 1.

 3.   Presentation of the Company’s remuneration report for an advisory vote


The remuneration report was approved by the general meeting.

 4.   Adoption of the remuneration of the Board of Directors and Board committees


The general meeting approved the Board of Directors’ proposal for compensation to the Board of Directors for the financial year 2024 as follows:

• Ordinary members of the Board of Directors shall be paid a base annual fee of DKK 440,000
• The chairman of the Board of Directors shall receive three times the base annual fee
• The vice-chairman of the Board of Directors shall receive two times the base annual fee
• The chair of the Audit Committee shall receive a fee corresponding to 75 percent of the base annual fee
• Other members of the Audit Committee shall receive a fee corresponding to 37.5 percent of the base annual fee
• The chair of each of the Remuneration Committee and Nomination Committee shall receive a fee corresponding to 50 percent of the base annual fee
• Other members of the Remuneration Committee and Nomination Committee, respectively, shall receive a fee corresponding to 25 percent of the base annual fee
  
  

The fees for the chair and members of the committees are in addition to their fee as chair-man, vice-chairman or member of the Board of Directors. In addition to the above, the Company may, in accordance with the Company’s Remuneration Policy, also pay social contributions and similar fees that may be charged by foreign authorities in relation to the fees paid to members of the Board of Directors. Further, the Company may pay travel expenses and other expenses related to the work as a member of the Board of Directors.