Audit committee formed in Pandox Aktiebolag (publ)

Pandox’s board of directors, which previously in its entirety has accomplished
the tasks of an audit committee, has today formed an audit committee consisting
of Ann-Sofie Danielsson (chairman), Bengt Kjell and Olaf Gauslå.
The audit committee shall, without it affecting the responsibilities and tasks
of the board of directors otherwise, monitor Pandox’s financial reporting,
monitor the efficiency of the Pandox’s internal controls, internal auditing and
risk management, keep informed of the auditing of the annual report and the
consolidated accounts, review and monitor the impartiality and independence of
the auditors, and assist in the preparation of proposals for the shareholders’
meeting’s decision on election of auditors.

FOR MORE INFORMATION, PLEASE CONTACT
Christian Ringnes, Chairman of the Board, +47 22 33 05 50

Pandox AB (publ) is required to publish this information under the Swedish
Securities Market Act and/or Financial Instruments Trading Act. The information
was submitted for publication on 23 November 2015 at 19:45 CET.

About Pandox
Pandox is a leading owner of hotel properties in Northern Europe with a focus on
sizeable hotels in key leisure and corporate destinations. Pandox’s hotel
property portfolio comprises 104 hotels with approximately 22,000 hotel rooms
across eight countries. Pandox’s business is organised into Property management,
which comprises hotel properties leased on a long-term basis to market leading
regional hotel operators and leading international hotel operators, and Operator
activities, which comprises hotel operations executed by Pandox in its owner
-occupied hotel properties. Pandox was founded in 1995 and the company’s B
shares are, as of 18 June 2015, listed on Nasdaq Stockholm. www.pandox.se