Common use of Proposed board of directors Clause in Contracts

Proposed board of directors. A general meeting is proposed to be held on 1 June 2017. At this general meeting, a new Board of 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. Xxxxxxxx Xxxx – proposed chairman of the board  Education: high school degree with focus on economics  50 years’ experience from real estate and finance  CEO of Assbecks (1972-1993)  CEO of Xxxx Fastigheter (1993-2016)  Current board assignments; Xxxxxxxx and Xxxx Fastigheter (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 Skaraborgsbanken, Carlströms i Köping (within Hexagon Group), among others  Ownership in the Company: 100,000 shares Per-Xxx Xxxxxxx – proposed board member  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: 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  Ownership in the Company: 0. Acts as representative for Xxxx Xxxxxxx Stipendie- och Underhållsstiftelse för Boxholm, which holds 250,000 shares in the Company Xxxxx Xxxxxxxx – proposed board member  Education: X.Xx. from Handelshögskolan in Stockholm (SSE)  CEO of Försäkringsbolaget Pensionsgaranti (1989-2009)  CEO of Försäkringsaktiebolaget Nordic Gurantee (2011-2013)  Current assignments: Stiftelsen Ackordcentralen and AC Gruppen, Försäkringsbolaget Nordic Guarantee (chairman of the board), Ericssons Pensionsstiftelse, Valueguard AB, XX Xxxxxxxx AB, Vårdfastigheter Sverige I AB (publ), Mitt Vard Bolag AB  Ownership in the Company: 0, Acts as representative for AC Gruppen (Ackordcentralen), which holds 100,000 shares in the Company Xxxxx Xxxxxxxxxx – proposed board member  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

Proposed board of directors. A An extraordinary general meeting is proposed to be held on 1 June 2017in April 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 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. Xxxxxxxx Xxxx – proposed Proposed chairman of the board Xxxx Xxxxxxxxx  Education: high school degree with focus on economics X.Xx. in law from Xxxx University  50 40 years’ experience from real estate and finance  Former CEO of Assbecks (1972-1993)  CEO of Xxxx Stena Fastigheter (1993-2016)  Current board assignments; Xxxxxxxx and Xxxx Skandia Fastigheter (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, AB  Former board assignments: including SkaraborgsbankenSwedish Property Federation, Carlströms i Köping (within Hexagon Group)Länsförsökringar AB, Wasa Försäkring, SIPA, among others  Ownership in the Company: 100,000 shares 20,000 shares, through Xxxxx & Xxxxxxxxx Invest and Xxxx Xxxxxxxxx Förvaltning AB Per-Xxx Xxxxxxx – proposed board member  Education: Swedish Armed Forces, Stockholm Forces (Stockholm) between (1958-60) 60  Former Officer in the Swedish Armed Forces 1961-65, Officer, Officer (Military reserve (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 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 250,000 150,000 shares in the Company Xxxxx Xxxx Xxxxxxxx – proposed board member  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 Xxx Xxxxxxxx – proposed board member  Education: X.Xx. from Handelshögskolan in Stockholm (SSE)  CEO 10 years’ experience of Försäkringsbolaget Pensionsgaranti (1989-2009) equity research  CEO Former Head of Försäkringsaktiebolaget Nordic Gurantee (2011-2013) research at UBS, sector head at Kaupthing and Head of Finance Baltics at Xxxxxxx & Xxxxxx  Current assignments: Stiftelsen Ackordcentralen Founder and AC GruppenCEO of Beadifference (a sustainability and strategy advisory firm), Försäkringsbolaget Nordic Guarantee (chairman member of the board), Ericssons Pensionsstiftelse, Valueguard board of directors in Huskvarnen Holding AB, XX Xxxxxxxx AB, Bonäsudden Holding AB and Vårdfastigheter Sverige I AB (publ), Mitt Vard Bolag AB  Former board assignments includes: EMS ASA  Ownership in the Company: 0, Acts as representative for AC Gruppen (Ackordcentralen), which holds 100,000 shares in the Company Xxxxx Xxxxxxxxxx – proposed board member  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 member0 shares

Proposed board of directors. A An extraordinary general meeting is proposed to be held on 1 June 2017in April 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 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. Xxxxxxxx Xxxx – proposed Proposed chairman of the board  Xxxx Xxxxxxxxx • Education: high school degree with focus on economics  50 X.Xx. in law from Xxxx University • 40 years’ experience from real estate and finance  • Former CEO of Assbecks (1972-1993)  CEO of Xxxx Stena Fastigheter (1993-2016)  • Current board assignments; Xxxxxxxx and Xxxx Skandia Fastigheter (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,  AB • Former board assignments: including SkaraborgsbankenSwedish Property Federation, Carlströms i Köping (within Hexagon Group)Länsförsökringar AB, Wasa Försäkring, SIPA, among others  • Ownership in the Company: 100,000 shares 20,000 shares, through Xxxxx & Xxxxxxxxx Invest and Xxxx Xxxxxxxxx Förvaltning AB Per-Xxx Xxxxxxx – proposed board member  • Education: Swedish Armed Forces, Stockholm Forces (Stockholm) between (1958-60)  60 • Former Officer in the Swedish Armed Forces 1961-65, Officer, Officer (Military reserve (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  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 250,000 150,000 shares in the Company Xxxxx Xxxx Xxxxxxxx – proposed board member  • 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 Xxx Xxxxxxxx – proposed board member • Education: X.Xx. from Handelshögskolan in Stockholm (SSE)  CEO • 10 years’ experience of Försäkringsbolaget Pensionsgaranti (1989-2009)  CEO equity research • Former Head of Försäkringsaktiebolaget Nordic Gurantee (2011-2013)  research at UBS, sector head at Kaupthing and Head of Finance Baltics at Xxxxxxx & Xxxxxx • Current assignments: Stiftelsen Ackordcentralen Founder and AC GruppenCEO of Beadifference (a sustainability and strategy advisory firm), Försäkringsbolaget Nordic Guarantee (chairman member of the board), Ericssons Pensionsstiftelse, Valueguard board of directors in Huskvarnen Holding AB, XX Xxxxxxxx AB, Bonäsudden Holding AB and Vårdfastigheter Sverige I AB (publ), Mitt Vard Bolag AB  • Former board assignments includes: EMS ASA • Ownership in the Company: 0, Acts as representative for AC Gruppen (Ackordcentralen), which holds 100,000 shares in the Company Xxxxx Xxxxxxxxxx – proposed board member  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 member0 shares

Proposed board of directors. A general meeting is proposed to be held on 1 June 2017. At this general meeting, a new Board of 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. Xxxxxxxx Xxxx – proposed chairman of the board  • Education: high school degree with focus on economics  • 50 years’ experience from real estate and finance  • CEO of Assbecks (1972-1993)  • CEO of Xxxx Fastigheter (1993-2016)  • Current board assignments; Xxxxxxxx and Xxxx Fastigheter (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 Skaraborgsbanken, Carlströms i Köping (within Hexagon Group), among others  • Ownership in the Company: 100,000 shares Per-Xxx Xxxxxxx – proposed board member  • 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: 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  • Ownership in the Company: 0. Acts as representative for Xxxx Xxxxxxx Stipendie- och Underhållsstiftelse för Boxholm, which holds 250,000 shares in the Company Xxxxx Xxxxxxxx – proposed board member  • Education: X.Xx. from Handelshögskolan in Stockholm (SSE)  • CEO of Försäkringsbolaget Pensionsgaranti (1989-2009)  • CEO of Försäkringsaktiebolaget Nordic Gurantee (2011-2013)  • Current assignments: Stiftelsen Ackordcentralen and AC Gruppen, Försäkringsbolaget Nordic Guarantee (chairman of the board), Ericssons Pensionsstiftelse, Valueguard AB, XX Xxxxxxxx AB, Vårdfastigheter Sverige I AB (publ), Mitt Vard Bolag AB  • Ownership in the Company: 0, Acts as representative for AC Gruppen (Ackordcentralen), which holds 100,000 shares in the Company Xxxxx Xxxxxxxxxx – proposed board member  • Education: Journalism, Stockholm, Rhetoric Moderaterna (leadership), Vendator Sales AcedemyXxxxxxxx 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. A An extraordinary general meeting is proposed to be held on 1 16 June 20172016. At this general meeting, a new Board of 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 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 in Appendix 1. Xxxxxxxx Xxxx – Xxxxxx Xxxxx - proposed chairman of the board board:  Education: high school degree with focus on economics X.Xx. in Business and Economics from Stockholm School of Economics (SSE)  50 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 Xxx Xxxxxx Xxxxxxxxxx - proposed board member:  Education: X.Xx. in Business and Economics from Xxxx University  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 Xxxxxx Xxxxx - proposed board member  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 2004  CEO Manager of Assbecks (1972-1993)  CEO its own real estate company with SEK 150 million of Xxxx Fastigheter (1993-2016)  Current board assignments; Xxxxxxxx and Xxxx Fastigheter (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, assets under management for 16 years before divestment in 2015  Former board assignments: including Skaraborgsbanken, Carlströms i Köping (within Hexagon Group), among others  Ownership in the Company: 100,000 shares Per-Xxx Xxxxxxx – proposed board Board member  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: 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  Ownership in the Company: 0. Acts as representative for Xxxx Xxxxxxx Stipendie- och Underhållsstiftelse för Boxholm, which holds 250,000 shares in the Company Xxxxx Xxxxxxxx – proposed board member  Education: X.Xx. from Handelshögskolan in Stockholm (SSE)  CEO of Försäkringsbolaget Pensionsgaranti (1989-2009)  CEO of Försäkringsaktiebolaget Nordic Gurantee (2011-2013)  Current assignments: Stiftelsen Ackordcentralen and AC Gruppen, Försäkringsbolaget Nordic Guarantee (chairman of the board), Ericssons Pensionsstiftelse, Valueguard AB, XX Xxxxxxxx AB, Vårdfastigheter Sverige I AB (publ), Mitt Vard Bolag Direct2internet AB  Ownership in the Company: 0, Acts as representative for AC Gruppen (Ackordcentralen), which holds 100,000 50,000 shares in the Company Xxxxx Xxxxxxxxxx – Xxx Xxxxxxxx - proposed board member  Education: Journalism, Stockholm, Rhetoric Moderaterna (leadership), Vendator Sales Acedemy, Läkemedelsakademin, Google Economics at Dalarna University  15 years Board experience, 10 years’ experience from salesof real estate and finance  Current assignments: Founder and board member of Achiever AB, marketing which focuses on asset management, finance, accounting and business intelligence. Also External Expert at the Church of Sweden’s asset management including developing council  Previously CFO at Riksbyggen, CEO at Riksbyggen BoSpar and implementing brand, marketing and communication strategies  CEO of Quizye Deputy CFO at Building (2016-Sw: Byggnads)  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 Former board assignments: Board member of Skandrenting, FöreningsSparbanken City, Förenade Liv Life Insurance, Tornet Bostadsutveckling and ActionAid  Ownership in the Company: 0. Acts as independent board member0 shares