The members of the nomination committee, including its chairman, are appointed by the general meeting for a period of two years if not otherwise decided by the general meeting.

The duty of the nomination committee is to present its recommendation to the general meeting in respect of:

• Election of shareholder elected members and deputy members to the board of directors including chairman of the board.
• Remuneration to be paid to the members of the board of directors.
• Election of members to the nomination committee including chairman of the nomination committee.
• Remuneration to be paid to the members of the nomination committee.

The current members of the nomination committee are:

1. Jan Kihm Sørensen, Chairman.

2. Geir Vinghøg, member.

3. Svein Garberg, member.