The Board of Directors of Ferratum Oyj ("Ferratum" or "the Group") has decided to elect Frederik Strange as the new Chairman of the Board of Directors and Jorma Jokela as the Vice Chairman of the Board of Directors. The Board of Directors has also decided the compositions of its Committees, which are as follows: Audit Committee: Juhani Vanhala (Chairman), Clemens Krause and Goutam Challagalla, Remuneration Committee: Frederik Strange (Chairman), Juhani Vanhala and Goutam Challagalla and Risk Committee: Clemens Krause (Chairman), Frederik Strange and Michael A. Cusumano.