At an extraordinary general meeting in SKF Vertevo AB on 25 August 2026, it was resolved that the composition of the nomination committee for the 2027 annual general meeting shall be based on the ownership structure as of the last banking day in December 2026.
The names of the shareholder representatives will be published as soon as they have been elected. In all other respects, the nomination committee shall be appointed in accordance with the provisions of the instructions below.
Shareholders who wish to submit proposals to the nomination committee may contact the chair of the board of SKF Vertevo AB on e-mail: chair@skfvertevo.com. In order for the nominating committee to be able to consider proposals these should be submitted no later than 4 February 2027.
Nomination committee instructions
The company is to have a nomination committee formed by one representative for each one of the four largest shareholders with regard to the number of votes held as well as the chairman of the board of directors (convener). When constituting the nomination committee, the shareholdings per the last banking day in August each year will determine which shareholders are the largest with regard to the number of votes held.[1] These, with regard to the number of votes, largest shareholders shall each year be contacted by the company to nominate its representatives. The names of the four shareholder representatives will be published as soon as they have been elected, however not later than six months before the next annual general meeting. The nomination committee shall remain in office until a new nomination committee has been appointed.
In the event that the shareholder the member represents would no longer be one of the four largest shareholders with regard to the number of votes held, during the term of office of the nomination committee, such member, if the nomination committee so deems appropriate, may resign and a representative of the shareholder next in turn size-wise with regard to the number of votes held be offered the opportunity to replace such member; and in the event that a shareholder representative no longer represents the relevant shareholder, that shareholder shall appoint a new representative to become a member of the nomination committee.
The nomination committee may, if the nomination committee so deems appropriate, offer the fifth largest shareholder, with regard to the number of votes held, to elect a member of the nomination committee and thereby increase the nomination committee by one additional shareholder representative during the term of office of the nomination committee.
The nomination committee is, during the term of office of the nomination committee, to furnish proposals on the following matters to be presented to, and resolved by, the annual general meeting:
- Proposal for chairman of the general meeting
- Proposal for board of directors
- Proposal for chairman of the board of directors
- Proposal for fee to the board of directors
- Proposal for auditor (when applicable)
- Proposal for fee to the auditor (when applicable)
- To the extent deemed necessary, proposal for amendments to the current instructions for the nomination committee
The nomination committee shall, when performing its duties, fulfil the tasks that rest upon the nomination committee under the Swedish Code of Corporate Governance. The nomination committee shall also supply the company with certain information that is necessary in order to enable the company to fulfil its information obligation under relevant regulations.
This instruction shall remain in force until the general meeting resolves to adopt a new instruction.
[1] However, at an extraordinary general meeting in SKF Vertevo AB on 25 August 2026, it was resolved that the composition of the nomination committee for the 2027 annual general meeting shall be based on the ownership structure as of the last banking day in December 2026. The names of the shareholder representatives will be published as soon as they have been elected. In all other respects, the nomination committee shall be appointed in accordance with the provisions of these instructions.