Karlsruhe (Germany), March 9, 2022 - Today, the Supervisory Board decided to conduct a strategic realignment of the Management Board of asknet Solutions AG (Ticker symbol: ASKN; ISIN: DE000A2E3707; WKN: A2E370). The Management Board together with the Supervisory Board have jointly reached a consensual agreement with Mr. Florent Guillomeau, releasing him from his duties as CFO of the company, with the effective date of June 30, 2022. At the same time, the Supervisory Board decided to strengthen the Management Board by appointing Mr. Aston Fallen and Mr. Thomas Garrahan, who also represent Good Cause Capital S.A., the majority shareholder of the Company, as Co-CEOs of asknet Solutions AG, effective immediately. Both, Mr. Fallen and Mr. Garrahan have a long-standing relationship with the Company. Most recently, they acted as Managing Directors of the eCS Busines Unit. The current CEO, Mr. Christian Herkel, will assume the position of Chief Operating Officer going forward. The Supervisory Board would like to thank Mr. Guillomeau for his service and, more specifically, for his contribution to the project of optimization of internal structures and work processes, particularly within the finance department. The Supervisory Board would also want to welcome Mr. Fallen and Mr. Garrahan at the helm of asknet Solutions AG and would like to wish them and Mr. Herkel success in the strategic repositioning of the Company.

In addition, the Local Court of Mannheim has appointed a new Supervisory Board of asknet Solutions AG. Mr. Jason Foodman, President of SalonRunner Software LLC and a US-based e-commerce expert, will assume the role of Chairman of the Supervisory Board. The court has appointed Mr. Bill Carney, an experienced professional within the education sector, and Mr. Philipp Reichardt, Head of Sales at global Fintech company, Airwallex, as members of the Supervisory Board. The appointments follow the resignations of Mr. Christian Lagerling, Mr. Luis Tavares Bravo, and Mr. Andreas Lammel, previous members of the Supervisory Board, as well as their substitute candidates. The above changes have been initiated by Good Cause Capital S.A., the new majority shareholder of asknet Solutions AG, to ensure adequate representation of their interests, in line with a clear commitment to the Three-Pillar Strategy, as presented last year, and an effort to strengthen the relevant industry know-how at the level of the Supervisory Board.

About asknet Solutions AG
asknet Solutions AG is a renowned procurement, e-commerce and EdTech specialist headquartered in Karlsruhe, Germany. The company offers software procurement and distribution for European universities and is the undisputed market leader in Germany (Academics Business Unit). The asknet portfolio includes a wide range of high-quality software applications for the academic sector, ranging from IBM SPSS to Adobe Creative Cloud. By continuously expanding its portfolio beyond software procurement, through partnerships with leading software manufacturers such as Blackboard and Dell, asknet aims to become the leading IT service provider in the European education market. The company also develops and manages online stores for digital and physical products worldwide (eCommerce Solutions Business Unit). Leading global publishers such as Cyberlink and Steinberg rely on asknet's e-commerce expertise to distribute their products in more than 190 countries. asknet Solutions AG is listed on the Frankfurt Stock Exchange (Ticker: ASKN; ISIN: DE000A2E3707).

Contact
Magda Gajny
+49(0)721/96458-6116
investors@asknet.com
https://asknet-solutions.com/