Principles for remuneration for the Executive Management

The following principles for remuneration and other terms of employment for the members of the Executive Management were approved by the 2010 Annual General Meeting and shall be applied for the time up until the 2011 Annual General Meeting. The proposal was prepared by the Board and the remuneration committee of the Board. The principles are unchanged compared to those approved by the 2009 Annual General Meeting.

The members of the Executive Management shall be offered competitive, market-based salaries and terms of employment that make it possible to attract, motivate and retain qualified employees. The remuneration package may consist of a fixed basic salary, variable salary, pension and other benefits. The variable component shall be limited to a maximum of six months' salary and based on the Group's earnings performance and the attainment of certain other individual and predetermined targets.

In the event of termination by the company, the term of notice may be no more than 12 months. In the event of termination on the part of the employee, the term of notice shall be no more than six months.

Pension benefits can be subject to individual assessment, if needed, but are proposed to be paid according to the so-called ITP plan or similar.

The Board shall have the right to deviate from these principles in individual cases when there is deemed to be special reasons for doing so.