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Nomination procedure

AB Fagerhult Group has a Nomination Committee comprising a representative of each of the four largest shareholders or owner groups in terms of the number of votes plus the Chairman of the Board, although this position is co-opted without the right to vote.

The Nomination Committee is to be formed after the Chairman of the Board has identified the four largest shareholders in the Company in terms of the number of votes that are to make up the Nomination Committee along with the Chairman. The identity of these shareholders is to be based on the shareholders’ register and list of nominees maintained by Euroclear Sweden AB and refer to shareholders registered under their own names or as members of an owner group as per 31 August 2023.

It shall not be necessary to change the composition of the Nomination Committee if only marginal changes in the ownership of shares occur after this control date. If one of the four largest shareholders waives their right to appoint a representative, this right is then transferred to the next shareholder that has the largest shareholding of the shareholders not identified as one of the four largest shareholders on the same date.

The mandate period of the Nomination Committee is until a new Nomination Committee is appointed.

Nomination Committee for the Annual General Meeting in 2024

The Nomination Committee consists of the following persons together with the names of the shareholders they represent: Jan Svensson, in his capacity as Chairman of the Board of Fagerhult Group AB, Johan Hjertonsson representing Investment AB Latour, Jan Särlvik representing Fjärde AP-Fonden, Björn Henriksson representing Nordea Fonder and Sussi Kvart representing Handelsbanken Fonder.

The work of the Nomination Committee

The work of the Nomination Committee takes place during the end of the financial year and at the start of the new financial year. Prior to an AGM at which auditors are to be appointed, the Nomination Committee collaborates with the Audit Committee, which works with the evaluation of the work of the auditors. The Nomination Committee is to observe the guidelines that apply to independent Board members under the Swedish Corporate Governance Code when making nominations to the AGM. Shareholders have the opportunity to submit written proposals to the Nomination Committee.

Questions regarding the nomination committee shall be addressed to the Fagerhult Group’s CFO Michael Wood, michael.wood@fagerhultgroup.com.