The nomination committee shall consist of three members that shall be shareholders of the company or shareholder representatives. The majority of the members of the nomination committee shall be independent of the board of directors and the administration of the company. Board members, the managing director or other representatives of the company administration cannot be members of the nomination committee.

The general meeting of the company shall elect the members, including the chairman, of the nomination committee. The committee members are elected for a period of two years at a time. In the initial election of committee members, one member shall be elected for one year and the two other members for two years.

Subject to non-binding talks with the major shareholders of the company, the nomination committee shall prepare recommendations to the general meeting regarding the election of members to the nomination committee.

The general meeting shall annually in arrears determine the remuneration to the nomination committee. Such remuneration should reflect the character of duties of the committee members including the time commitment involved, according to the report of work conducted by the committee.

The company shall cover the costs of the nomination committee.