REMUNERATION

REMUNERATION TO SENIOR EXECUTIVES

The guidelines for remuneration to senior executives principally entail that salaries and other terms of remuneration to the management shall be in accordance with the market and that variable remuneration may amount to a maximum of 50 per cent of the fixed remuneration. Upon notice by BE Group, fixed salary during the notice period shall not exceed 12 months’ fixed salary.

Based on the decision of the Annual General Meeting, the Board decides on the salary and other terms of remuneration to the President and CEO. Salary and other remuneration terms for other senior executives are negotiated and agreed with the President and CEO.

SHARE SAVINGS SCHEME

There are no share savings schemes in progress.