The Chairman of the Board of Directors shall, no later than 15 October, convene the four largest shareholders or owners representing the four largest shareholder groups in the Company, who then have the right to appoint one member each to the Nomination Committee. If any of the four largest shareholders or owner groups waives its right to appoint a member to the Nomination Committee, the next shareholder or owner group in order of size shall be given the opportunity to appoint a member to the Nomination Committee until the tenth largest owner/owner constellation and all owners/owner constellations representing more than 5% of the Company’s shares have been requested. If fewer than four members have been recruited through this procedure, the Nomination Committee may consist of at least two people. In addition, the Chairman of the Board shall be appointed to be a member of the Nomination Committee.

If a member leaves the Nomination Committee prematurely, a new member shall, if possible, be appointed by the same shareholder. If the said shareholders waive their right to appoint a member to the Nomination Committee, the next shareholder in size, who has not already appointed a member to the Nomination Committee, shall be given the opportunity to appoint a member to the Nomination Committee. Changes in the Nomination Committee shall be announced immediately.

The CEO or any other member of the executive management shall not be a member of the Nomination Committee. The Chairman of the Board of Directors convenes the first meeting of the Nomination Committee. An owner representative shall be appointed as Chairman of the Nomination Committee. The Nomination Committee’s term of office extends until a new Nomination Committee has been appointed. The composition of the Nomination Committee shall be announced no later than six months before each Annual General Meeting. The Nomination Committee shall be constituted annually based on shareholder statistics from Euroclear Sweden AB as of August 31 and other reliable ownership information provided to the Company at that time. If significant changes occur in the ownership structure after the Nomination Committee’s constitution, the composition of the Nomination Committee may also be changed in accordance with the principles above, or the Chairman of the Nomination Committee may propose an adjunct to the Nomination Committee. Changes in the Nomination Committee shall be announced immediately. The Nomination Committee shall prepare and submit to the Annual General Meeting proposals for the election of the Chairman of the Board of Directors and other members of the Company’s Board of Directors, remuneration to the Board of Directors divided between the Chairman and other members of the Board of Directors and any remuneration for committee work, election of and fees to the auditor, resolution on principles for the appointment of the Nomination Committee and proposals for the Chairman of the Annual General Meeting. The Nomination Committee shall also evaluate the members of the Board, its Chairman and how the work of the Board is perceived and conducted, for example through interviews with the members of the Board and the Chairman. In interviews with the members of the Board of Directors, the Chairman of the Company shall not be included to ensure transparency. Relevant parts of the conclusions from the Board evaluation shall be communicated to the Chairman of the Company, but in such a way that the views of individual members, in particular regarding the Company’s Chairman and the work of the Board of Directors, cannot, as far as possible, be traced to individual members.

No fees shall be paid to the members of the Nomination Committee. The Nomination Committee shall be entitled, with the approval of the Chairman of the Board, to charge the Company with costs such as recruitment consultants and travel expenses or other costs required for the Nomination Committee to be able to fulfil its assignment. The Nomination Committee shall, in connection with its assignment, forward certain information to the Company so that the Company can fulfil its obligation to provide information. Principles for the Nomination Committee’s assignment and how the Nomination Committee is to be appointed apply to each Nomination Committee until the Annual General Meeting resolves to amend the same.

Stockholm, April 2022