Remuneration of the Board of Directors

The Annual General Meeting passes a resolution on the remuneration to be paid to board members. The 2016 Annual General Meeting passed a resolution on board fees totaling SEK 5,950,000 (excluding remuneration for committee work), to be allocated between the members as follows: SEK 1,850,000 to the Chairman, SEK 800,000 to the Vice Chairman, and SEK 550,000 to each of the other members not employed by the company.

As remuneration for committee work, the Chairman of the Audit Committee was to receive SEK 250,000, the Chairman of the Remuneration Committee SEK 150,000, members of the Audit Committee (Chairman excluded) SEK 125,000 each and members of the Remuneration Committee (Chairman excluded) SEK 75,000 each.

The Chairman and other board members have no pension benefits or severance payment agreements. The CEO and employee representatives do not receive board fees.