Members of Executive Committee

CEO and President

In 2007, the Board of Director’s Remuneration Committee prepared issues related to remuneration of the President, with decisions made by the Board. The President receives a fixed salary and a variable salary. The variable salary is based on a target bonus that is established annually.

During 2007, President and CEO Joakim Olsson received a salary, bonus and totaling MSEK 4.5 (4.6), of which the bonus was MSEK 0.764 (1.0).

In addition to a reciprocal twelve-month period of notice, the President will, in the event of termination of employment by the company, receive severance pay equivalent to twelve months’ salary. In the event of resignation by the President, no severance pay may be claimed. Costs for the pension of Joakim Olsson in 2007 totaled MSEK 0.766 (1.0).

Other members of Group Management

The President, in consultation with the Board’s Remuneration Committee, prepares remuneration issues concerning the Executive Committee and division managers. Remuneration consists of a fixed and variable part. The variable part is based on goals established by the President and the Remuneration Committee on a yearly basis and may amount to 30-50% of the fixed annual salary.

Executive Committee in December 2007 comprised six persons, excluding the President. Group Management received salary, bonuses and other benefits totaling MSEK 13.3 (16.6) in 2007, of which MSEK 2.0 (3.0) was reserved for bonuses. All members of the Executive Comittee have a reciprocal six-month period of notice and, in the event of termination of employment by the company, will receive severance pay equivalent to between 6 and 24 months' salary

Pension issues are regulated in pension plans adapted to local practice in the countries in question, with retirement age starting at 65. Pensions costs for Group Management totaled MSEK 2.9 (4.0) in 2007.