Corporate Governance Overview

Oatly Group AB (publ) (the “Company”) is a Swedish public limited entity with its American Depository Receipts listed on the Nasdaq Global Select Market. The Board of Directors sets high standards for the Company's employees, officers and directors. Implicit in this philosophy is the importance of sound corporate governance to ensure our work is performed in an ethical and lawful manner. It is the duty of the Board of Directors to serve as a prudent fiduciary for shareholders and to oversee the management of the Company's business. To fulfill its responsibilities and to discharge its duty, the Board of Directors follows the procedures and standards that are set forth in these guidelines. These guidelines are subject to modification from time to time as the Board of Directors deems appropriate in the best interests of the Company or as required by applicable laws and regulations. Consistent with applicable rules, regulations and Nasdaq standards for a foreign private issuer as defined by the SEC, the Company has approved the following guidelines and charters: