AutoStore Holdings Ltd. Board member Sam Merksamer has informed the board of directors of AutoStore that he rotates off from the company's board of directors with effect from April 20th. Further, Softbank has decided to appoint Sumer Juneja and Vikas Parekh as new members of the board of directors with effect from April 20th. Vikas Parekh will be replacing Sam Merksamer as co-chair of the board.

Moreover, Thomas H. Lee Partners has decided to appoint Edzard Overbeek as new member of the board of directors with effect from April 20th, replacing Magnus Tornling who stepped down in September 2022. The board of directors will continue to constitute a quorum after the announced rotation and appointments. Vikas Parekh: Managing Partner Americas, SoftBank Investment Advisers: Vikas Parekh is a Managing Partner at SoftBank Investment Advisers where he focuses on investing in enterprise software and emerging technologies.

Vikas has made investments and holds director seats across public and private markets. Prior to joining SoftBank in 2016, Vikas worked in private equity at KKR and at Boston Consulting Group. Vikas holds an M.B.A. from Harvard Business School, an M.S. in Electrical and Computer Engineering and B.S. in Electrical Engineering from Georgia Institute of Technology.

Sumer Juneja: Managing Partner, Head of EMEA & India Investing, SoftBank Investment Advisers: Sumer is Managing Partner and Head of EMEA & India at SoftBank Investment Advisers. He joined SoftBank in 2018 to set up its local investing presence in India; he has since expanded his role globally to lead EMEA as well. Sumer has invested in growth stage tech companies across multiple sectors including logistics, e-commerce, SaaS and edtech.

He serves on several boards, such as Rimac and Contentsquare in Europe and Swiggy, Lenskart, and Eruditus in India. Sumer has been an investor since 2006. Prior to SoftBank, he was a Partner at Norwest Venture Partners and before that, Sumer was a member of Goldman Sachs' Asian Special Situations Group.

Sumer obtained his Bachelor of Science degree in politics and economics from the London School of Economics. Edzard Overbeek: CEO, HERE Technologies: From HERE Technologies, the US-Dutch technology firm for mapping, location-data, -software and -services together with over 30 years in the ICT industry, Edzard brings an extensive experience in the global digital, communication, software and technology sectors. Prior to joining HERE, he held several (senior) management roles at Cisco, including leading the Global Services organization as well as being President of the Asia- Pacific, Japan & China region.

Overbeek holds a Master´s Degree, Business and Administration, Finance and Economics from the University of Bradford, UK.