Nomination Committee

In view of the composition of the shareholders, a nomination committee has not been considered necessary. Proposals for the election of the Chairman at the AGM, the election of the Board and, where applicable, the auditors, and proposals for the remuneration of Board members and the auditors are therefore submitted by the Company’s major shareholder and presented in the notice of the AGM and on the Company’s website. This is therefore a derogation from the Code’s rules regarding a nomination committee.