Instructions to the nomination committee

The Nomination Committee shall as a main rule comprise representatives of the five largest shareholders in terms of the numbers of votes, pursuant to Euroclear Sweden AB’s register as of 31 August the year before the AGM, and the Chairman of the Board. The Chairman of the Board shall as soon as practically possible after 31 August each year contact thehh shareholders in accordance with the above. If any of the five largest shareholders in terms of number of votes choose to abstain from their right to appoint a member of the Nomination Committee, or otherwise can be considered to have abstained from such right, the shareholder who is next in turn, shall be given the opportunity to appoint a member of the Nomination Committee, whereby no more than ten shareholders in total must be asked, unless required in order for the Nomination Committee to comprise at least four members. The member of the Nomination Committee representing the largest shareholder in terms of number of votes, shall be appointed chairman of the Nomination Committee unless agreed otherwise by the Nomination Committee. The Chairman of the Board shall not be Chairman of the Nomination Committee. The composition of the Nomination Committee shall be published no later than six months prior to the AGM.

The Chairman of the Board shall convene the first meeting of the Nomination Committee and shall further, as part of the work of the Nomination Committee, report to the Nomination Committee the circumstances regarding the work of the Board and the requirements for certain competence, etc. which may be of importance for the work of the Nomination Committee.

If one or more shareholders(s) who have appointed members of the Nomination Committee, earlier than three months before the AGM, no longer belong to the five largest shareholders in terms of the number of votes, the members appointed by such shareholders shall resign and the shareholder or shareholders then among the five largest shareholders in terms of the number of votes shall be entitled to appoint their representative(s). If a shareholder no longer belongs to the five largest shareholders in terms of the number of votes, but the difference in the number of shares held compared to the fifth largest shareholder is marginal, the chairman of the Nomination Committee shall decide whether the representative of such a shareholder should resign. If a member leaves the Nomination Committee before its activities are complete, and if considered necessary, his/her replacement should be appointed from the same shareholder, or if the shareholder is no longer one of the largest shareholders in terms of the number of votes, from the next largest shareholder. Any change of the composition of the Nomination Committee shall be published as soon as possible. There will be no remuneration to the members of the Nomination Committee. The company will carry any necessary external costs related to the work of the Nomination Committee. The mandate period of the Nomination Committee will run until the composition of a new Nomination Committee is published. The above principles shall apply until a general meeting resolves otherwise.