Nomination Committee

The Company shall have a Nomination Committee appointed in accordance with the principles adopted by the Board of Directors and the Swedish Code of Corporate Governance.
The Nomination Committee shall consist of representatives of the three largest shareholders in terms of voting rights as of the last banking day in August each year, together with the Chair of the Board of Directors. The composition of the Nomination Committee shall meet applicable independence requirements. The Nomination Committee shall act in the interest of all shareholders.

The Nomination Committee prepares proposals to the Annual General Meeting regarding, among other things:

• the Chair of the Annual General Meeting,
• the number of members of the Board of Directors,
• the members and Chair of the Board of Directors,
• remuneration to the Board of Directors, including fees for committee work,
• the Company’s auditor and auditor’s fees, and
• principles for the composition of the Nomination Committee and instructions to the Nomination Committee.

The Nomination Committee’s proposals are presented in the notice of the Annual General Meeting and on the Company’s website. At least one member of the Nomination Committee shall attend the Annual General Meeting and present and justify the Committee’s proposals.

The members of Studsvik’s Nomination Committee are:

Daniel S. Aegerter, Armada Investment AG
Adam Rodman, Segra Capital Management LLC
Jan Barchan, Briban Invest AB
Jan Bardell, Chairman of the Board