The Annual General Meeting 2009 elected Mats Egeholm, Eva Färnstrand, Gunnel Smedstad and Torgny Prior to the nomination committee, Mats Egeholm was appointed Committee Chairman. A presentation of the nomination committee is found on the website under the heading Nomination Committee 2010.

In accordance with the Swedish Code of Corporate Governance, the company has on its website encouraged shareholders to hand in proposals to the nomination committee and provided information on how to submit proposals.

Subsequent to the Annual General Meeting 2009 the nomination committee has had one meeting as well as recurring telephone meetings.

In its evaluation of the composition of the board, the nomination committee has acquainted itself with the evaluation on how the present board has been functioning, carried out by the board itself. Based on this information the conclusion was that the composition and work of the board had been most satisfactory, hence the nomination committee was prepared to propose re-election of all board members.

However, since Lars Johansson, board member and likewise Vice Chairman of the board, has declined re-election, a search for a suitable new board member was commenced during the autumn of 2009.

The nomination committee’s assessment of suitable combinations of board members, considering the company’s operations, development stage and similar conditions, was not found to have changed substantially compared to previous years’ analyses. To keep the wide range of competence, experience and backgrounds currently present in the board has been considered very important. Consequently, industry experience became the decisive factor in this year’s competence profile.

As the competence profile had been set, the names of a number of suitable candidates were collected and a selection process was carried out. Eventually, the nomination committee selected the candidate who was considered to best suit the competence profile, especially considering industry experience and experience from board work.

The nomination committee proposes re-election of the current chairman.

The nomination committee has not seen any grounds to change the levels of fees payable to the board and its committees. A need for a Vice Chairman has not been established; hence the extra fee payable in addition to the regular board member remuneration, which previously has accrued to the Vice Chairman, is instead proposed to accrue to the Chairman.

Mats Egeholm

Chairman of the nomination committee, ProfilGruppen AB (publ.)