The following principles for the Nomination Committee were approved at the Annual General Meeting 2025, as recorded in the minutes of the meeting. These principles were published in full in the notice of call for the aforementioned meeting.

Composition and appointment process.

The Nomination Committee shall consist of five members.

In terms of process for the appointment of the following Nomination Committees:

1. The Chair of the Board of Directors will contact the four largest shareholders in terms of votes based on Euroclear Sweden AB’s list of registered shareholders on the last business day of August each year, or identified by other means;
2. Each of the four largest shareholders be given the opportunity to elect one representative to form the Nomination Committee
3. The fifth member shall be the chair of the Board of Directors, if independent in relation to the Company’s management; if not the board member with longer tenure in office);
4. If any of these shareholders waives its right to elect a representative, such right is transferred to the shareholder who, after these shareholders, has the largest share ownership.
5. If a shareholder who appointed a member of the Nomination Committee ceases to be among the four largest shareholders, the Nomination Committee may request that the member step down. In such case, the next largest shareholder will be invited to appoint a replacement. The resignation of the existing member will only take effect once the new shareholder has appointed a replacement. If no replacement is appointed, the Nomination Committee shall remain unchanged. No changes will be made to the Nomination Committee’s composition if the change in shareholding occurs within four months of the next annual general meeting.

Unless the members agree otherwise, the Nomination Committee will be chaired by the member who represents the largest shareholder in terms of votes. However, the member of the Board of Directors shall not be Chairman of the Nomination Committee.

The majority of the members of the Nomination Committee are to be independent of the Company and its management.

The Nomination Committee’s term of office extends until a new Nomination Committee is appointed.

Fees are not to be paid to the members of the Nomination Committee.

Tasks and Responsibilities

The tasks of the Nomination Committee shall be to prepare, for the next annual general meeting, proposals in respect of

(i) the number of members of the Board of Directors, and composition of the Board of Directors;

(ii) remuneration to the Chair of the Board of Directors, the other directors of the Board of Directors, and any member of any committee;

(iii) the appointment and remuneration of auditors, and

(iv) the identification of principles for the appointment of the subsequent Nomination Committee.

Communication

The composition of the Nomination Committee will be announced via a separate press release as soon as the Nomination Committee has been appointed, and no later than six months prior to the annual general meeting.

Information will also be made available on the Company’s website, which shall also explain the manner in which shareholders submit proposals to the Nomination Committee.