Incentive program for senior management

At the Annual General Meeting held on May 4, 2018 adopted the Board's propose to continue with a long-term cash-based incentive program for corporate management as set out below.

The outcome of the program depends on how the annual average growth of the company's earnings per share is developing. Maximum compensation is payable if the annual average growth of the company's earnings per share for the period January 1, 2018 - December 31, 2020 amounts to at least 15%.

At maximum expense, the company's expenses for the incentive program are estimated at SEK 2.9 million (excluding social security contributions), based on the participation of nine senior executives in the incentive program.  Any payment will be made in 2021.

In order to participate in the incentive program for the period, 1 of January 2018 until 31 of December 2020, the member of senior management must have been employed for six months in 2018 and be employed on December 31, 2020 and his/her employment contract on the same date must not be under notice of termination.

The Board of Directors determines the profitability and sales targets applicable to the program, the individual members of senior management in the group CEO and management team who are eligible to participate in the program, and decide whether the conditions that confer the right to payment of bonus under the incentive program for an individual member of senior management have been met.



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