From long-term planting to value creation

Extraordinary General Meeting – 19 December 2025

New Board and strengthened ownership create a unified platform for the next phase

At the Extraordinary General Meeting held on 19 December 2025 in Gothenburg, Tree Partner Solutions AB (publ) (“TPS” or the “Company”) appointed a new Board of Directors. The changes mark an important step in strengthening the Company’s governance, ownership alignment and long-term strategic direction.

Two of the Company’s co-founders have increased their engagement and rejoined the Board following requests from several major shareholders and from Better Globe Forestry (BGF). Together with a strengthened ownership structure and the appointment of an external, independent Chair, this creates a unified and resilient shareholder base as the Company enters its next phase of development.

After nearly twenty years of building forestry assets in East Africa, TPS is now preparing for the gradual transition from planting and asset development to harvesting, commercialisation and value creation.

Focus of the new Board

The new Board will focus on investment, capitalisation of the business and strategic planning for the commercialisation of the Company’s raw materials, as well as future value-adding processes. The ambition is to strengthen the Company’s ability to realise the long-term value embedded in its forestry assets, while supporting BGF’s operational execution on the ground in East Africa.

Former interim CEO Andreas Forssell continues to play a key role in developing business strategies in Kenya and Uganda. He will lead the transition from planting to harvesting and value creation, working closely with BGF and the Company’s approximately twenty thousand partner farmers.

Board of Directors

The Board consists of five members and combines founder experience, long-term ownership representation, external independence and technical and investment expertise.

Olof Werner – Chair of the Board
Holds a degree in business administration and has more than 35 years of experience in corporate finance, strategic advisory and board governance. Olof has worked extensively in banking, including many years as a Senior Relationship Manager at Nordea Bank AB (publ), and has served as a chair and board member in several companies.

Rickard Isaksson – Board Member
Co-founder of TPS and interim CEO. Rickard has extensive experience from the forestry, sawmill and construction industries, as well as from venture capital and company formation. He has previously been CEO of TPS and has long-standing insight into the Company’s operations and development.

Alina Lundberg – Board Member
Co-founder of TPS with responsibility for Investor Relations and Marketing at the Company’s launch. Alina brings 15 years of experience as an accredited certification expert at SGS, one of the world’s leading inspection and certification companies.

Magnus Kristiansson – Board Member
System engineer with a technical background and experience from companies such as SAAB, ABB, Exillum and Bombardier. Magnus is the Company’s largest individual Class B shareholder and has supported TPS from an early stage. He contributes experience from complex projects, board work and equity investments.

Øivind Nilsrud – Board Member (Special Board Member)
Senior Technical Manager and CEO of Nilsrud Ingenjörsbyrå AB. Øivind has been a TPS shareholder for many years and was elected as a special board representative to strengthen the voice of Class B shareholders. He brings strong investment insight and board experience.

Outlook

With a strengthened and aligned ownership base and a highly competent Board, TPS looks ahead with confidence to addressing future capitalisation needs and executing its long-term strategy. In 2026, the Company enters a new phase, focused on harvesting, value realisation, and strategic planning for future industrial development, together with BGF and local partners.