The Nomination Committee shall consist of four members. The Chairman of the Board of Directors is instructed to contact the four largest shareholders in terms of votes as of September 30 and ask them to appoint one member each.
For the purpose of determining the four largest shareholders in terms of voting rights, a group of shareholders shall be deemed to constitute one shareholder if they have (i) been grouped together in a reliable information service or (ii) publicly announced and notified the company that they have reached a written agreement to adopt a common long-term approach to the management of the company through the coordinated exercise of voting rights. If a shareholder
refrains from appointing a member, the next largest shareholder shall be offered the opportunity to appoint a member. The Chairman of the Board shall be co-opted to the Nomination Committee. The names of the four members and the names of the shareholders who appointed them shall be made public as soon as possible.
The chairman of the Nomination Committee shall, unless the members agree otherwise, be the member representing the largest shareholder in terms of voting rights.
The shareholder whose holding in the company after the appointment of the Nomination Committee has reached such a size that it would have entitled to the appointment of a member of the Nomination Committee may notify the Nomination Committee in writing. If the Nomination Committee receives such notification no later than March 31, the shareholder shall be entitled to appoint a member of the Nomination Committee. This member shall then replace the member appointed by the shareholder who is no longer among the four largest shareholders.
A shareholder who has appointed a member of the Nomination Committee always has the right to dismiss the member and appoint a replacement. If a member leaves the Nomination Committee before its work is completed, the shareholder who appointed the member has the right to appoint a new member to the Nomination Committee.
Should the Nomination Committee at any time consist of fewer than four members, the Nomination Committee shall nevertheless be authorized to fulfill the tasks incumbent on the Nomination Committee under these instructions.
No remuneration is paid to the members of the Nomination Committee. At the request of the Nomination Committee, the company shall provide human resources, such as a secretarial function in the Nomination Committee to facilitate the work of the Nomination Committee. If necessary, the company shall also be able to pay reasonable costs, for example for external consultants, which the Nomination Committee deems necessary to fulfill its assignment.
The Nomination Committee shall fulfill the tasks set out in the Swedish Corporate Governance Code, which means, among other things, that the Nomination Committee shall prepare proposals on the following issues to be presented to the Annual General Meeting for decision:
• chairman of the meeting,
• number of Board members,
• Board members and Chairman of the Board,
• remuneration of the Chairman of the Board and other non-executive directors and remuneration for committee work,
• the election and remuneration of the auditor,
• to the extent deemed necessary, amendments to the instructions of the Nomination Committee.
The Nomination Committee's term of office extends until a new Nomination Committee is appointed. A new Nomination Committee shall be appointed in accordance with these instructions before each Annual General Meeting.
This instruction was adopted by the Annual General Meeting 2025 and shall remain in force until further notice.