General meeting

Under the Swedish Companies Act, the general meeting is NCAB’s highest decision-making body. The general meeting may resolve upon every issue for the Company, which is not specifically reserved for another company body’s exclusive competence. At the annual general meeting, which shall be held within six months from the end of the financial year, shareholders exercise their voting rights on issues, such as the adoption of income statement and balance sheet, allocation of the Company’s profit or loss, resolutions to discharge the members of the board of directors and the CEO from liability for the financial year, the appointment of members of the board of directors and auditor as well as remuneration for the board of directors and the auditor.

Besides the annual general meeting, extraordinary general meetings may be convened. In accordance with the articles of association, all general meetings shall be convened through announcements in the Swedish Official Gazette (Sw. Post- och Inrikes Tidningar) and by posting the notice of the meeting on the Company’s website. An announcement shall be placed in Svenska Dagbladet with information that the meeting has been convened.

The chairman of the board of directors, as many other members of the board of directors as possible and the CEO shall be present at extraordinary general meetings of the Company. At annual general meetings, in addition to the aforementioned, at least one member of the nomination committee, at least one of the Company’s auditors and, to the extent possible, all members of the board of directors, shall participate.