Kid ASA

AGM Information • May 16, 2024

KID ASA

In case of discrepancies between the Norwegian text and the English translation, the Norwegian text shall prevail.

Protokoll fra ordinær generalforsamling		Minutes of annual general meeting
Det ble avholdt ordinær generalforsamling i Kid ASA, org.nr. 988 384 135 ("Selskapet") torsdag den 16. mai 2024 elektronisk.		The annual general meeting of Kid ASA, org. no. 988 384 135 (the "Company") was held on Thursday 16 May 2024 electronically.
Oversikt over representerte aksjonærer følger vedlagt protokollen.		A record of shareholders represented at the meeting is attached to these minutes.
Møtet ble åpnet av Styrets leder, Petter Schouw- Hansen.		The meeting was opened by the Chairman of the Board, Petter Schouw-Hansen.
	Dagsorden:	Agenda:
	1. Valg av møteleder og en person til å medundertegne protokollen	1.	Election of a chairperson and a person to co-sign the minutes
	Petter Schouw-Hansen ble valgt som møteleder og Berit Fjell Kamhaug ble valgt til å medundertegne protokollen sammen med møteleder.		Petter Schouw-Hansen was elected as chairperson, and Berit Fjell Kamhaug was elected to co-sign the minutes along with the chairperson.
2.	Godkjennelse av innkallingen og dagsorden	2.	Approval of the notice and the agenda
	Innkallingen og dagsorden ble godkjent.		The notice and the agenda were approved.
3.	Godkjenning av årsregnskap og Styrets årsberetning for Kid ASA og konsernet for 2023, herunder disponering av årets samt behandling resultat, av redegjørelse om foretaksstyring og revisors beretning	3.	Approval of the annual accounts and directors' report of Kid ASA and the group for 2023, including allocation of the result of the year, as well as consideration of the statement on corporate governance and audit report
	henhold til Styrets forslag traff ﺴﺴ generalforsamlingen følgende vedtak:		In accordance with the proposal of the Board of Directors, the general meeting passed the following resolution:
	Arsregnskapet og årsberetningen for 2023 godkjennes.		The annual accounts and the directors' report for 2023 are approved.
	Det foreslåtte utbyttet på NOK 3,50 per aksje godkjennes.		The proposed dividend of NOK 3.50 per share is approved.
4.	Fullmakt til å beslutte utdeling av utbytte	4.	Authority to approve the distribution of dividends
	l henhold til Styrets forslag traff generalforsamlingen følgende vedtak:		In accordance with the proposal of the Board of Directors, the general meeting passed the following resolution:

Kid ASA | Gilhusveien 1, 3426 Gullaug | Postboks 505, 3412 Lierstranda | Tel.: 940 26 000 Organisasjonsnummer 988384135 MVA | e-post: admin@kid.no | www.kid.no

Kid ASA

Styret gis i henhold til allmennaksjeloven § 8-2 (2) fullmakt til å beslutte utdeling av utbytte på grunnlag av Selskapets årsregnskap for 2023. Fullmakten kan utøves én gang.

Fullmakten gjelder frem til ordinær generalforsamling i 2025.

Fastsettelse av honorar til styrets 5. medlemmer

Generalforsamlingen vedtok at Styrets honorar for perioden mai 2023 til ordinær generalforsamling i 2024 skal være som følger:

Styreleder:	NOK 575.000
Styremedlem:	NOK 410.000
Tillegg medlem av revisionsutvalg:	NOK 16.000 per møte

Godkjennelse av honorar til Selskapets 6. revisor

Generalforsamlingen godkjente honoraret til Selskapets revisor.

7. Valg av medlemmer til Styret

Generalforsamlingen gjenvalgte Espen Gundersen, for de neste to år som styreleder.

Generalforsamlingen gjenvalgte I iv Berstad som styremedlem for en periode på to år.

Generalforsamlingen gjenvalgte Gyrid Skalleberg Ingerø som styremedlem for en periode på to år.

Generalforsamlingen valgte Jon Brannsten som styremedlem for en periode på to år.

Fastsettelse av honorar til valg-8. komitéens medlemmer

Generalforsamlingen vedtok at valgkomiteens honorar for perioden fra mai

The Board of Directors is authorized pursuant to the Public Limited Companies Act § 8-2 (2) to approve the distribution of dividends based on the Company's annual accounts for 2023. The authority may be used one time.

The authority shall remain in force until the annual general meeting in 2025.

Determination of the remuneration of 5. the members of the Board of Directors

The general meeting resolved that the remuneration of the Board of Directors for the period from May 2023 to the annual general meeting in 2024 shall be as follows:

Chairman: NOK 575,000 Board member: NOK 410,000

Additional fee to member NOK 16,000 of the audit committee: per meeting

6. Approval of the remuneration of the Company's auditor

The general meeting approved the remuneration of the Company's auditor.

7. Election of members to the Board of Directors

The general meeting re-elected Espen Gundersen, for the next two years as chairman of the board.

The general meeting re-elected Liv Berstad as member of the board for a period of two years.

The general meeting re-elected Gyrid Skalleberg Ingerø as member of the board for a period of two years.

The general meeting elected Jon Brannsten as member of the board for a period of two years.

8. Determination of the remuneration of the members of the nomination committee

The general meeting resolved that the remuneration of the nomination committee for the period from May 2023 to the annual

Kid ASA | Gilhusveien 1, 3426 Gullaug | Postboks 505, 3412 Lierstranda | Tel.: 940 26 000 Organisasjonsnummer 988384135 MVA | e-post: admin@kid.no | www.kid.no

2023 til ordinær generalforsamling i 2024 skal være følgende:

Leder: NOK: 75.000

Medlem: NOK: 60.000

9. Rapport om lønn og annen godtgjørelse til ledende personer

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------tråd med bestemmelsene i allmennaksjeloven §§ 6-16b, og i henhold til styrets forslag traff generalforsamlingen følgende vedtak:

Generalforsamlingen gir sin tilslutning til rapport om lønn og annen godtgjørelse til ledende personer for 2023.

10. Styrefullmakt til kapitalforhøyelse

_ henhold til styrets forslag traff generalforsamlingen følgende vedtak:

Styret gis i henhold til allmennaksjeloven § 10-14 (1) fullmakt til å forhøye Selskapets aksjekapital med inntil NOK 4.877.419. lnnenfor denne samlede beløpsrammen kan fullmakten benyttes flere ganger.

Fullmakten kan bare benyttes til å utstede aksjer som vederlag og til innhenting av ny egenkapital for å styrke Selskapets finansiering.

Fullmakten gjelder frem til ordinær generalforsamling i 2025, dog senest til 30. juni 2025.

Aksjeeiernes fortrinnsrett etter allmennaksjeloven § 10-4 kan fravikes.

Fullmakten omfatter kapitalforhøyelse mot innskudd i penger og mot innskudd i andre eiendeler enn penger. Fullmakten omfatter rett til å pådra selskapet særlige plikter, jf. allmennaksjeloven § 10-2. Fullmakten omfatter beslutning om fusjon etter allmennaksjeloven § 13-5.

general meeting in 2024 shall be as follows:

Chair: NOK 75,000

Member: NOK: 60,000

9. Report for remuneration to senior executives

In line with the requirements in the Public Limited Companies Act §§ 6-16b, and in accordance with the proposal of the Board of Directors, the general meeting passed the following resolution:

The general meeting endorses the report for remuneration to senior executives for 2023.

10. Board authorisation to increase the share capital

In accordance with the proposal of the Board of Directors, the general meeting passed the following resolution:

The Board of Directors is authorized pursuant to the Public Limited Companies Act § 10-14 (1) to increase the Company's share capital by up to NOK 4,877,419. Subject to this aggregate amount limitation, the authority may be used on more than one occasion.

The authority may only be used to issue shares as consideration and to raise new equity in order to strengthen the Company's financing.

The authority shall remain in force until the annual general meeting in 2025, but in no event later than 30 June 2025.

The pre-emptive rights of the shareholders under § 10-4 of the Public Limited Companies Act may be set aside.

The authority covers capital increases against contributions in cash and contributions other than in cash. The authority covers the right to incur special obligations for the Company, ref. § 10-2 of the Public Limited Companies Act. The authority covers resolutions on mergers in

Kid ASA | Gilhusveien 1, 3426 Gullaug | Postboks 505, 3412 Lierstranda | Tel.: 940 26 000 Organisasjonsnummer 988384135 MVA | e-post: admin@kid.no | www.kid.no

Styrefullmakt til erverv av Selskapets 11. egne aksjer

l henhold til styrets forslag traff generalforsamlingen følgende vedtak:

Styret gis i henhold til allmennaksjeloven § 9-4 fullmakt til på vegne av Selskapet å erverve aksjer i Selskapet ("egne aksjer") med en samlet pålydende verdi på inntil NOK 4.877.419.

Ved erverv av egne aksjer kan det ikke betales et vederlag pr. aksje som er mindre enn NOK 70 eller som overstiger NOK 200.

Styret fastsetter på hvilke måter egne aksjer kan erverves eller avhendes.

Fullmakten gjelder frem til ordinær generalforsamling i 2025, dog senest til 30. juni 2025.

Da det ikke var flere saker på dagsorden, ble møtet avsluttet.

Oversikt over stemmegivning på de enkelte | punktene er vedlagt protokollen.

Petter Schouw-Hansen

accordance with § 13-5 of the Public Limited Companies Act.

11. Board authorisation for the acquisition of the Company's own shares

In accordance with the proposal of the Board of Directors, the general meeting passed the following resolution:

The board of directors is authorized pursuant to the Public Limited Liability Companies Act § 9-4 to acquire shares in the Company ("own shares") on behalf of the Company with an aggregate nominal value of up to 4,877,419.

When acquiring own shares, the consideration per share may not be less than NOK 70 and may not exceed NOK 200.

The Board of Directors determines the methods by which own shares can be acquired or disposed of.

The authority shall remain in force until the annual general meeting in 2025, but in no event later than 30 June 2025.

As there were no further matters on the agenda the meeting was adjourned.

An overview over the voting results on each item is attached to the minutes.

Berit Fjell Kamhaug

Kid ASA | Gilhusveien 1, 3426 Gullaug | Postboks 505, 3412 Lierstranda | Tel.: 940 26 000 Organisasjonsnummer 988384135 MVA | e-post: admin@kid.no | www.kid.no

Total Represented

SIN:	N00010743545 KID ASA
General meeting date: 16/05/2024 15.00
Today:	16.05.2024

Number of persons with voting rights represented/attended : 2

	Number of shares % sc
Total shares	40,645,162
- own shares of the company	0
Total shares with voting rights	40,645,162
Represented by own shares	54,808	0.14 %
Represented by advance vote	19,335,485	47.57 %
Sum own shares	19,390,293 47.71 %
Represented by proxy	3,948,679	9.72 %
Sum proxy shares	3,948,679	9.72 %
Total represented with voting rights	23,338,972 57.42 %
Total represented by share capital	23,338,972 57.42 %

Registrar for the company: NORDEA BANK ABP, FILIAL NORGE

Signature company: KID ASA

4202150191 ASA OIX ອວບັນນາງງາມ ນ້າມ ລວມຄຸນາອາກອນເອກີA

118	81		ou lay
язптая	authorised by பு ரா யாயு of a person		mat Name
-MUOHOS nasnah	Directors Board of Chair of the		Company/Last əməli
			discussion in the program of the program of the program of the program of the program of the program of the program of the program and
Share Holder	Proxy Soficitor Ordinaer		Participant
Ordinasi		Ordinass	ensite
808,45	0	54,588,588,61	umQ
	3,848,879		Kxord
ు	0	0	salov VxorP
808, AS	8,9,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,8,	584,588,61	letoT
0.74 %	% ZL.6	47.55 %	ാട %
0244 %	% 28.91	% පිළි.28	be registered
0.24 %	16.922.91	% පිළි 28	bəyanın mənimləri və mərkəzi və mərkəzi və mərkəzi və mərkəzi və mərkəzi və mərkəzi və mərkəzi və mərkəzi və mərkəzi və mərkəzi və mərkəzi və mərkəzi və mərkəzi və mərkəzi v
			uolionisui Sugo/

Protocol for general meeting KID ASA

ISIN:	NO0010743545 KID ASA
General meeting date: 16/05/2024 15.00
Today:	16.05.2024

Shares class	For	Against	Poll in			Abstain Poll not registered Represented shares with voting rights
Agenda item 1 Election of a chairperson and a person to co-sign the minutes
Ordinær	23,338,912	0	23,338,912	60	0	23,338,972
votes cast in %	100.00 %	0.00 %		0.00 %
representation of sc in %	100.00 %	0.00 %	100.00 %	0.00 %	0.00 %
total sc in %	57,42 %	0.00 %	57.42 %	0.00 %	0.00 %
Total	23,338,912	0	23,338,912	60	0	23,338,972
Agenda item 2 Approval of the notice and the agenda
Ordinær	23,338,912	0	23,338,912	60	0	23,338,972
votes cast in %	100.00 %	0.00 %		0.00 %
representation of sc in %	100.00 %	0.00 %	100.00 %	0.00 %	0.00 %
total sc in %	57,42 %	0.00 %	57.42 %	0.00 %	0.00 %
Total	23,338,912	0	23,338,912	60	0	23,338,972
Agenda item 3 Approval of the annual accounts and directors' report of Kid ASA and the group for 2023,
Ordinær	23,338,912	0	23,338,912	60	0	23,338,972
votes cast in %	100.00 %	0.00 %		0.00 %
representation of sc in %	100.00 %	0.00 %	100.00 %	0.00 %	0.00 %
total sc in %	57.42 %	0.00 %	57.42 %	0.00 %	0.00 %
Total	23,338,912		0 23,338,912	eo	0	23,338,972
Agenda item 4 Authority to approve the distribution of dividends
Ordinær	23,338,912	0	23,338,912	60	0	23,338,972
votes cast in %	100.00 %	0.00 %		0.00 %
representation of sc in %	100.00 %	0.00 %	100.00 %	0.00 %	0.00 %
total sc in %	57.42 %	0.00 %	57.42 %	0.00 %	0.00 %
Total	23,338,912	0	23,338,912	60	0	23,338,972
Agenda item 5 Determination of the remuneration of the members of the board of directors
Ordinær	23,337,207	1,700	23,338,907	65	0	23,338,972
votes cast in %	99.99 %	0.01 %		0.00 %
representation of sc in %	99.99 %	0.01 %	100.00 %	0.00 %	0.00 %
total sc in %	57.42 %	0.00 %	57.42 %	0.00 %	0.00 %
Total	23,337,207	1,700	23,338,907	રક	0	23,338,972
Agenda item 6 Approval of the remuneration of the Company's auditor
Ordinær	23,278,118	60,794	23,338,912	୧୦	0	23,338,972
votes cast in %	99.74 %	0.26 %		0.00 %
representation of sc in %	99.74 %	0.26 %	100.00 %	0.00 %	0.00 %
total sc in %	57.27 %	0.15 %	57.42 %	0.00 %	0.00 %
Total	23,278,118	60,794	23,338,912	60	0	23,338,972
Agenda item 7.1 Election of members to the board of directors -Espen Gundersen
Ordinær	19,987,803	3,351,154	23,338,957	15	0	23,338,972
votes cast in %	85.64 %	14.36 %		0.00 %
representation of sc in %	85.64 %	14.36 %	100.00 %	0.00 %	0.00 %
total sc in %	49.18 %	8.25 %	57.42 %	0.00 %	0.00 %
Total	19,987,803 3,351,154 23,338,957			15	O	23,338,972
Agenda item 7.2 Election of members to the board of directors - Liv Berstad
Ordinær	23,298,532	40,425	23,338,957	15	0	23,338,972
votes cast in %	99.83 %	0.17 %		0.00 %
	99.83 %	0.17 %	100.00 %	0.00 %	0.00 %
representation of sc in %			57.42 %		0.00 %
total sc in %	57.32 %	0.10 %		0.00 %	0
Total	23,298,532	40,425	23,338,957	ਹੈ ਟੈ		23,338,972
Agenda item 7.3 Election of members to the board of directors - Gyrid Skalleberg Ingerø				15	0
Ordinær	19,424,437	3,914,520	23,338,957	0.00 %		23,338,972
votes cast in %	83.23 %	16.77 %		0.00 %	0.00 %
representation of sc in %	83.23 %	16.77 %	100.00 %
total sc in %	47.79 %	9,63 %	57.42 %	0.00 % 15	0.00 % 0
Total			19,424,437 3,914,520 23,338,957			23,338,972
Agenda item 7.4 Election of members to the board of directors - Jon Brannsten				15	0
Ordinær	23,336,907	2,050	23,338,957			23,338,972

Shares class	For	Against	Poll in			Abstain Poll not registered Represented shares
						with voting rights
votes cast in %	99.99 %	0.01 %		0.00 %
representation of sc in %	99.99 %	0.01 %	100.00 %	0.00 %	0.00 %
total sc in %	57.42 %	0.01 %	57.42 %	0.00 %	0.00 %
Total	23,336,907	2,050	23,338,957	15	0	23,338,972
Agenda item 8.1 Election of members to the nomination committee - Sten-Arthur Sælør
Ordinær	23,158,011	180,946	23,338,957	15	0	23,338,972
votes cast in %	99.23 %	0.78 %		0.00 %
representation of sc in %	99.23 %	0.78 %	100.00 %	0.00 %	0.00 %
total sc in %	56.98 %	0.45 %	57.42 %	0.00 %	0.00 %
Total	23,158,011	180,946	23,338,957	15	0	23,338,972
Agenda item 8.2 Election of members to the nomination committee - Petter Tusvik
Ordinær	23,158,011	180,946	23,338,957	15	0	23,338,972
votes cast in %	99.23 %	0.78 %		0.00 %
representation of sc in %	99.23 %	0.78 %	100.00 %	0.00 %	0.00 %
total sc in %	56.98 %	0.45 %	57.42 %	0.00 %	0.00 %
Total	23,158,011	180,946	23,338,957	15	0	23,338,972
Agenda item 9 Determination of the remuneration of the members of the nomination committee
Ordinær	23,337,207	1,750	23,338,957	15	0	23,338,972
votes cast in %	99.99 %	0.01 %		0.00 %
representation of sc in %	99.99 %	0.01 %	100.00 %	0.00 %	0.00 %
total sc in %	57.42 %	0.00 %	57.42 %	0.00 %	0.00 %
Total	23,337,207	1,750	23,338,957	15	0	23,338,972
Agenda item 10 Report on salary and other remuneration to senior executives
Ordinær	18,214,088	5,124,369	23,338,457	515	0	23,338,972
votes cast in %	78.04 %	21.96 %		0.00 %
representation of sc in %	78.04 %	21.96 %	100.00 %	0.00 %	0.00 %
total sc in %	44.81 %	12.61 %	57.42 %	0.00 %	0.00 %
Total	18,214,088	5,124,369	23,338,457	515	0	23,338,972
Agenda item 11 Board authorisation to increase the share capital
Ordinær	23,338,907	50	23,338,957	15	O	23,338,972
votes cast in %	100.00 %	0.00 %		0.00 %
representation of sc in %	100.00 %	0.00 %	100.00 %	0.00 %	0.00 %
total sc in %	57.42 %	0.00 %	57.42 %	0.00 %	0.00 %
Total	23,338,907	50	23,338,957	15	0	23,338,972
Agenda item 12 Board authorisation for the acquisition of the Company's own shares
Ordinær	23,338,907	50	23,338,957	15	0	23,338,972
votes cast in %	100.00 %	0.00 %		0.00 %
representation of sc in %	100.00 %	0.00 %	100.00 %	0.00 %	0.00 %
total sc in %	57.42 %	0.00 %	57.42 %	0.00 %	0.00 %
Total	23,338,907	50	23,338,957	15	0	23,338,972
Agenda item 13 Proposal to amend the articles of association
Ordinær	23,338,907	50	23,338,957	15	0	23,338,972
votes cast in %	100.00 %	0.00 %		0.00 %
representation of sc in %	100.00 %	0.00 %	100.00 %	0.00 %	0.00 %
total sc in %	57.42 %	0.00 %	57.42 %	0.00 %	0.00 %
Total	23,338,907	50	23,338,957	15	0	23,338,972

Registrar for the company:

Signature company:

KID ASA

NORDEA BANK ABP, FILIAL NORGE

Share information
Name	Total number of shares Nominal value Share capital Voting rights
Ordinær	40,645,162		1.20 48,774,194.40 Yes
Sum:

§ 5-18 Amendment to resolution
Requires two-thirds majority of the given votes
like the issued share capital represented/attended on the general meeting