Common use of Proposed board of directors Clause in Contracts

Proposed board of directors. An extraordinary general meeting is proposed to be held in April 2016. At this general meeting, a new board of directors will be elected. • Education: X.Xx. in law from Xxxx University • 40 years’ experience from real estate and finance • Former CEO of Stena Fastigheter • Current board assignments; Skandia Fastigheter AB • Former board assignments: including Swedish Property Federation, Länsförsökringar AB, Wasa Försäkring, SIPA, among others • Ownership in the Company: 20,000 shares, through Xxxxx & Xxxxxxxxx Invest and Xxxx Xxxxxxxxx Förvaltning AB • Education: Swedish Armed Forces (Stockholm) between 1958-60 • Former Officer in the Swedish Armed Forces 1961-65, Officer (Military reserve) 1965-95, Svensk Bilprovning 1965-2004 • Current assignments: Fund manager of Xxxx Xxxxxxx Stipendie- och Underhållsstiftelse (2001-) • Current board assignments: AB Boxholmshus, Vökby AB, Kommunalförbundet ITSAM, HB – lokalstyrelse i Vara, Bonäsudden Holding AB, Pilängen Logistik I AB • Ownership in the Company: 0. Acts as representative for Xxxx Xxxxxxx Stipendie- och Underhållsstiftelse för Boxholm, which holds 150,000 shares in the Company • Education: X.Xx. in Industrial Engineering, Chalmers University of Technology; National Economics, Gothenburg School of Economics and commercial law; Executive Business course, Tokyo University • Has previously held the various sales manager positions within Sandvik AB; Managing Director at Forbes Lux Vietnam; VP Sales at Oriflame Vietnam; Business Development Associate at Ericsson Microwave Systems and founded a number of companies • Current assignments: Founder and owner at Runeberg Fastigheter AB • Ownership in the Company: 10,000 shares • Education: X.Xx. from Handelshögskolan in Stockholm (SSE) • 10 years’ experience of equity research • Former Head of Nordic research at UBS, sector head at Kaupthing and Head of Finance Baltics at Xxxxxxx & Xxxxxx • Current assignments: Founder and CEO of Beadifference (a sustainability and strategy advisory firm), member of the board of directors in Huskvarnen Holding AB, Bonäsudden Holding AB and Vårdfastigheter Sverige I AB • Former board assignments includes: EMS ASA • Ownership in the Company: 0 shares

Proposed board of directors. An extraordinary general meeting is proposed to be held in April on 16 June 2016. At this general meeting, a new board Board of directors Directors will be elected. • The proposed Board of Directors of the Company is presented below. Please note that each proposed board member’s ownership in the Company is as of the date of this Company Description. Companies of which the members of the proposed Board of Directors have hold at least 10 % of the capital or voting rights during the past five years are presented in Appendix 1. Any companies of which the members currently hold at least 10 % of the capital or the voting rights are also presented Appendix 1.  Education: X.Xx. in law Business and Economics from Stockholm School of Economics (SSE)  30 years’ experience from different board assignments  Current assignments: Deputy Director at Swedish Securities Council, Deputy Member at Nasdaq Stockholm Disciplinary Committee and Member of Swedsec’s Disciplinary Committee  Current board assignments: Chairman of the board of Huskvarnen Holding AB (publ), Huskvarnen Fastighets 1 AB, Foundation Xxxxx Xxxxxx and Warbro Kvarn AB. Board member of SIS Ägarservice AB and Xxxxxx Xxxxx AB  Former board assignments: Board member of Hälleforsnäs Industrier AB, Stora Xxxxx XX, Xxxx-Xxxx Xxxxxxx Foundation and Foundation Hälleforsnäs Bruksfastigheter  Ownership in the Company: 1,000 shares  Education: X.Xx. in Business and Economics from Xxxx University • 40  20 years’ experience from management positions within retail, media and real estate, such as Hemtex, Dagens Nyheter, Guldfynd, Sturegallerian, Castellum and Apoteket  Current assignments: Since 2002 Partner at Konceptverkstan  Current board assignments: Chairman of the board of TerecomBoxer, Riksdalen, NAI Svefa and Friskis&Svettis. Board member of JM, Xxxxxxxxxx and Xxx Xxxxx  Former board assignments: Board member at Etac, Ramundbergen, Theia, Adara, Apoteket International, Ticket Travel, Hemtex, Forsen Projekt, Jernhusen, Garbergs, Ponderus, Tengbom Arkitekter  Ownership in the Company: 0 shares  Education: Business Administration, Mathematics and IT at Uppsala University  25 years’ experience from the IT sector and 16 years’ experience from real estate  Self-employed within the IT sector between 1992 and finance • Former CEO 2004  Manager of Stena Fastigheter • Current board assignments; Skandia Fastigheter AB • its own real estate company with SEK 150 million of assets under management for 16 years before divestment in 2015  Former board assignments: including Swedish Property Federation, Länsförsökringar AB, Wasa Försäkring, SIPA, among others • Board member of Direct2internet AB  Ownership in the Company: 20,000 shares, through Xxxxx & Xxxxxxxxx Invest and Xxxx Xxxxxxxxx Förvaltning AB • 50,000 shares  Education: Swedish Armed Forces (Stockholm) between 1958-60 • Former Officer in the Swedish Armed Forces 1961-65, Officer (Military reserve) 1965-95, Svensk Bilprovning 1965-2004 • Current assignments: Fund manager Economics at Dalarna University  10 years’ experience of Xxxx Xxxxxxx Stipendie- och Underhållsstiftelse (2001-) • Current board assignments: AB Boxholmshus, Vökby AB, Kommunalförbundet ITSAM, HB – lokalstyrelse i Vara, Bonäsudden Holding AB, Pilängen Logistik I AB • Ownership in the Company: 0. Acts as representative for Xxxx Xxxxxxx Stipendie- och Underhållsstiftelse för Boxholm, which holds 150,000 shares in the Company • Education: X.Xx. in Industrial Engineering, Chalmers University of Technology; National Economics, Gothenburg School of Economics real estate and commercial law; Executive Business course, Tokyo University • Has previously held the various sales manager positions within Sandvik AB; Managing Director at Forbes Lux Vietnam; VP Sales at Oriflame Vietnam; Business Development Associate at Ericsson Microwave Systems and founded a number of companies • finance  Current assignments: Founder and owner board member of Achiever AB, which focuses on asset management, finance, accounting and business intelligence. Also External Expert at Runeberg Fastigheter AB • Ownership in the CompanyChurch of Sweden’s asset management council  Previously CFO at Riksbyggen, CEO at Riksbyggen BoSpar and Deputy CFO at Building (Sw: 10,000 shares • Education: X.Xx. from Handelshögskolan in Stockholm (SSEByggnads) • 10 years’ experience of equity research •  Former Head of Nordic research at UBS, sector head at Kaupthing and Head of Finance Baltics at Xxxxxxx & Xxxxxx • Current board assignments: Founder and CEO of Beadifference (a sustainability and strategy advisory firm), Board member of the board of directors in Huskvarnen Holding ABSkandrenting, Bonäsudden Holding AB FöreningsSparbanken City, Förenade Liv Life Insurance, Tornet Bostadsutveckling and Vårdfastigheter Sverige I AB • Former board assignments includes: EMS ASA • ActionAid  Ownership in the Company: 0 shares

Proposed board of directors. An extraordinary A general meeting is proposed to be held in April 2016on 1 June 2017. At this general meeting, a new board Board of directors Directors will be elected. The proposed Board of Directors of the Company is presented below. Please note that each proposed board member’s ownership in the Company is as of the date of this Company Description. Companies of which the members of the proposed Board of Directors have held at least 10 % of the capital or voting rights during the past five years are presented in Appendix 1. Any companies of which the members currently hold at least 10 % of the capital or the voting rights are also presented in Appendix 1. • Education: X.Xx. in law from Xxxx University high school degree with focus on economics • 40 50 years’ experience from real estate and finance • Former CEO of Stena Assbecks (1972-1993) • CEO of Xxxx Fastigheter (1993-2016) • Current board assignments; Skandia Xxxxxxxx and Xxxx Fastigheter AB (chairman of the board), Xxxxxxxx Xxxx Holding, Xxxxxxxx Xxxx Fastighetsinvest, Xxxxxxxx Xxxx Förvaltning, C Xxxx Fastigheter, My Design Story Stockholm, Compact living store Scandinavia AB, Textilhanlarförbundet, • Former board assignments: including Swedish Property FederationSkaraborgsbanken, Länsförsökringar AB, Wasa Försäkring, SIPACarlströms i Köping (within Hexagon Group), among others • Ownership in the Company: 20,000 shares, through Xxxxx & Xxxxxxxxx Invest and Xxxx Xxxxxxxxx Förvaltning AB 100,000 shares • Education: Swedish Armed Forces Forces, Stockholm between (Stockholm) between 1958-60 60) • Former Officer in the Swedish Armed Forces 1961-65, Officer Officer, Military reserve (Military reserve) 1965-95), Svensk Bilprovning (1965-2004 2004) • Current assignments: Fund manager of Xxxx Xxxxxxx Stipendie- och Underhållsstiftelse (2001-) • Current board assignments: Bonäsudden Holding AB, Pilängen Logistik I AB, Sydsvenska Hem AB, Svenska Bostadsfonden Institution 2. • Former board assignments: includes AB Boxholmshus, Vökby AB, Kommunalförbundet ITSAM, HB – lokalstyrelse i Vara, Bonäsudden Holding AB, Pilängen Logistik I AB Vara • Ownership in the Company: 0. Acts as representative for Xxxx Xxxxxxx Stipendie- och Underhållsstiftelse för Boxholm, which holds 150,000 250,000 shares in the Company • Education: X.Xx. in Industrial Engineering, Chalmers University of Technology; National Economics, Gothenburg School of Economics and commercial law; Executive Business course, Tokyo University • Has previously held the various sales manager positions within Sandvik AB; Managing Director at Forbes Lux Vietnam; VP Sales at Oriflame Vietnam; Business Development Associate at Ericsson Microwave Systems and founded a number of companies • Current assignments: Founder and owner at Runeberg Fastigheter AB • Ownership in the Company: 10,000 shares • Education: X.Xx. from Handelshögskolan in Stockholm (SSE) • 10 years’ experience CEO of equity research Försäkringsbolaget Pensionsgaranti (1989-2009) • Former Head CEO of Försäkringsaktiebolaget Nordic research at UBS, sector head at Kaupthing and Head of Finance Baltics at Xxxxxxx & Xxxxxx Gurantee (2011-2013) • Current assignments: Founder Stiftelsen Ackordcentralen and CEO AC Gruppen, Försäkringsbolaget Nordic Guarantee (chairman of Beadifference (a sustainability and strategy advisory firmthe board), member of the board of directors in Huskvarnen Holding Ericssons Pensionsstiftelse, Valueguard AB, Bonäsudden Holding AB and XX Xxxxxxxx AB, Vårdfastigheter Sverige I AB • Former board assignments includes: EMS ASA (publ), Mitt Vard Bolag AB • Ownership in the Company: 0 shares0, Acts as representative for AC Gruppen (Ackordcentralen), which holds 100,000 shares in the Company • Education: Journalism, Stockholm, Rhetoric Moderaterna (leadership), Xxxxxxxx Xxxxx Xxxxxxx, Läkemedelsakademin, Google • 15 years Board experience, 10 years’ experience from sales, marketing and management including developing and implementing brand, marketing and communication strategies • CEO of Quizye (2016-) • Founder of Rätt kommunikation (2008-) • NaturalCycles, Head of Nordics (2015-2016) • Modern Woman Media, Head of media relations and market communication (2012-2015) • Aftenposten (2011-2012) • Tele2 AB (2006-2009) • Current board assignments: • Ownership in the Company: 0. Acts as independent board member

Proposed board of directors. An extraordinary A general meeting is proposed to be held in April 2016on 1 June 2017. At this general meeting, a new board Board of directors Directors will be elected. • The proposed Board of Directors of the Company is presented below. Please note that each proposed board member’s ownership in the Company is as of the date of this Company Description. Companies of which the members of the proposed Board of Directors have held at least 10 % of the capital or voting rights during the past five years are presented in Appendix 1. Any companies of which the members currently hold at least 10 % of the capital or the voting rights are also presented in Appendix 1.  Education: X.Xx. in law from Xxxx University • 40 high school degree with focus on economics  50 years’ experience from real estate and finance • Former  CEO of Stena Assbecks (1972-1993)  CEO of Xxxx Fastigheter • (1993-2016)  Current board assignments; Skandia Xxxxxxxx and Xxxx Fastigheter AB • (chairman of the board), Xxxxxxxx Xxxx Holding, Xxxxxxxx Xxxx Fastighetsinvest, Xxxxxxxx Xxxx Förvaltning, C Xxxx Fastigheter, My Design Story Stockholm, Compact living store Scandinavia AB, Textilhanlarförbundet,  Former board assignments: including Swedish Property FederationSkaraborgsbanken, Länsförsökringar AB, Wasa Försäkring, SIPACarlströms i Köping (within Hexagon Group), among others •  Ownership in the Company: 20,000 shares, through Xxxxx & Xxxxxxxxx Invest and Xxxx Xxxxxxxxx Förvaltning AB • 100,000 shares  Education: Swedish Armed Forces Forces, Stockholm between (Stockholm) between 1958-60 • 60)  Former Officer in the Swedish Armed Forces 1961-65, Officer Officer, Military reserve (Military reserve) 1965-95), Svensk Bilprovning (1965-2004 • 2004)  Current assignments: Fund manager of Xxxx Xxxxxxx Stipendie- och Underhållsstiftelse (2001-) •  Current board assignments: Bonäsudden Holding AB, Pilängen Logistik I AB, Sydsvenska Hem AB, Svenska Bostadsfonden Institution 2.  Former board assignments: includes AB Boxholmshus, Vökby AB, Kommunalförbundet ITSAM, HB – lokalstyrelse i Vara, Bonäsudden Holding AB, Pilängen Logistik I AB • Vara  Ownership in the Company: 0. Acts as representative for Xxxx Xxxxxxx Stipendie- och Underhållsstiftelse för Boxholm, which holds 150,000 250,000 shares in the Company • Education: X.Xx. in Industrial Engineering, Chalmers University of Technology; National Economics, Gothenburg School of Economics and commercial law; Executive Business course, Tokyo University • Has previously held the various sales manager positions within Sandvik AB; Managing Director at Forbes Lux Vietnam; VP Sales at Oriflame Vietnam; Business Development Associate at Ericsson Microwave Systems and founded a number of companies • Current assignments: Founder and owner at Runeberg Fastigheter AB • Ownership in the Company: 10,000 shares •  Education: X.Xx. from Handelshögskolan in Stockholm (SSE) • 10 years’ experience  CEO of equity research • Former Head Försäkringsbolaget Pensionsgaranti (1989-2009)  CEO of Försäkringsaktiebolaget Nordic research at UBS, sector head at Kaupthing and Head of Finance Baltics at Xxxxxxx & Xxxxxx • Gurantee (2011-2013)  Current assignments: Founder Stiftelsen Ackordcentralen and CEO AC Gruppen, Försäkringsbolaget Nordic Guarantee (chairman of Beadifference (a sustainability and strategy advisory firmthe board), member of the board of directors in Huskvarnen Holding Ericssons Pensionsstiftelse, Valueguard AB, Bonäsudden Holding AB and XX Xxxxxxxx AB, Vårdfastigheter Sverige I AB • Former board assignments includes: EMS ASA • (publ), Mitt Vard Bolag AB  Ownership in the Company: 0 shares0, Acts as representative for AC Gruppen (Ackordcentralen), which holds 100,000 shares in the Company  Education: Journalism, Stockholm, Rhetoric Moderaterna (leadership), Vendator Sales Acedemy, Läkemedelsakademin, Google  15 years Board experience, 10 years’ experience from sales, marketing and management including developing and implementing brand, marketing and communication strategies  CEO of Quizye (2016-)  Founder of Rätt kommunikation (2008-)  NaturalCycles, Head of Nordics (2015-2016)  Modern Woman Media, Head of media relations and market communication (2012-2015)  Aftenposten (2011-2012)  Tele2 AB (2006-2009)  Current board assignments:  Ownership in the Company: 0. Acts as independent board member