Governance structure

NCAB Group AB (publ) is a Swedish public limited liability company. Prior to listing on Nasdaq Stockholm, the corporate governance in the Company was mainly based on Swedish law, the Company’s articles of association and internal rules and instructions.

As a company listed on Nasdaq Stockholm, the Company will apply the rules of the Swedish Companies Act (Sw. Aktiebolagslagen (2005:551)), the Swedish Annual Accounts Act (Sw. Årsredovisningslagen (1995:1554)), the Company’s articles of association, Nasdaq Stockholm’s Rule Book for Issuers and the Swedish Corporate Governance Code (the “Code”) as well as other Swedish and foreign laws and regulations, as applicable. The Code applies to all Swedish companies with shares listed on a regulated market in Sweden and shall be applied as soon as possible and at the latest at the first annual general meeting held following the listing. The Code defines a norm for good corporate governance on a higher level of ambition than the Swedish Companies Act’s and other regulations’ minimum requirements. The Code is based on the principle “comply or explain”. It means that the Company must not at every occasion comply with every rule of the Code, but may choose other solutions that are deemed to better respond to the circumstances in the individual case, provided that the Company openly reports every such non-compliance, describes the alternative solution chosen and states the reasons for this.