B2Holding ASA’s subsidiary in Croatia, B2 Kapital d.o.o., received notice on 4 May 2023 from the Croatian Data Protection Agency, AZOP, of a fine against the subsidiary on grounds of alleged breaches with GDPR regulations. The fine amounts to EUR 2,265,000. B2Holding as a Group works to the highest standards in environmental, social, governance and regulatory matters, and attend to any alleged breaches as a matter of the highest priority. The conclusion of a thorough assessment made by B2Holding and its independent professional advisors is that no data leakage by B2 Kapital d.o.o. has been substantiated and that there has been no leak of confidential information relating to clients or debtors from the company’s IT systems. Thus, B2Holding disagrees with the allegations in AZOP’s decision. B2Holding remains committed to maintaining the highest data protection standards and to a continued open and constructive dialogue and cooperation with any central or local authority on compliance and regulatory affairs, including AZOP in Croatia. B2Kapital d.o.o. will appeal the decision from AZOP. For further information, please contact: Rasmus Hansson Head of Commercial Strategy and Investor Relations, B2Holding ASA Mobile: +47 952 55 842 E-mail: rh@b2holding.no
