Pexip Holding

Remuneration Information • Mar 31, 2022

Remuneration Report Pexip ASA 2021

Background

Under Section 6-16 b of the Public Limited Liability Companies Act, Pexip Holding ASA ("Pexip" or "The Company") is required to present an annual report that provides an overview of the remuneration to the Board of Directors and Senior Executives covered by the guidelines defined in Section 6-16 a. This report meets the requirements set out in the Regulations on guidelines for and reporting of remuneration of executive personnel, and it also meets the requirements of notes to the annual accounts in Section 7-31b and 7-32 of the Norwegian Accounting Act.

Purpose

The Company's Remuneration Policy adopted at the Annual General Meeting (AGM) in May 2021 provides the framework for the remuneration of the Board of Directors (the Board) in 2021. The updated policy expected to be approved by AGM in April 2022 describes in more detail our corporate governance process in relation to the Remuneration Policy. The policy is available on Pexip.com, in the Corporate Governance section.

The updated Remuneration Policy has been introduced to comply with the amended regulatory framework. The Policy is a continuation of the previous remuneration principles to ensure that:

• The policy is formulated in a clear and understandable way and contributes to the Company's business strategy, long-term interests, and economic viability
• The policy contains comprehensible, exhaustive, and complete criteria for receiving variable remuneration in the form of bonuses, remuneration, services, etc.
• The remuneration policy explains how the pay and employment conditions of employees of the Company were considered when establishing the remuneration policy.
• The remuneration report will be reported on an annual basis to comply with these guidelines
• The policy contains comprehensible, exhaustive, and complete criteria for receiving variable remuneration
• Remuneration is compared regularly to benchmarks of general industry companies and European Software as a service company.

Overall Company Performance

In 2021, Pexip demonstrated solid year-on-year growth despite a continued delay in sales because of uncertainty around office openings in some key geographies.

Pexip's subscription base measured in Annual Recurring Revenue (ARR) reached USD 106.4 million at the end of 2021, up from USD 81.9 million at the end of 2020, representing a year-on-year increase of 30 %. This was driven by strong sales to public sector organizations, such as the Defense Information Systems Agency, looking for secure video solutions for mission-critical communication requiring strict privacy and security. Growth continues to be driven by net new customers, with 29 p.p. of the 30-p.p. growth coming from new customers and 1 p.p. coming from existing customers, giving a net revenue retention rate of 101%. Churn is at 9.7% in 2021.

The Company has continued to execute on its growth strategy, investing in Sales and R&D to drive strong growth in the years to come. As planned for, the investments made during the past two years led to a negative EBITDA for the year, with an EBITDA margin of -15% compared to the guidance given of a negative -25% to -35%. Pexip closed the year with a solid cash position of NOK 804 million, over five times our negative operating cash flow for 2021, which the Company expects to be sufficient to fund its growth plan until returning to cash flow positive operations.

Key Developments in Board Remuneration

At the AGM on May 20, 2021, all board members were re-elected, and the number of board members was unchanged.

Pexip performs an annual review of remuneration to the Board. The base remuneration for the Chair of the Board and the Board members has been unchanged in the period, as the approved remuneration was a continuation of the remuneration approved in March 2020. Based on the experience from the Board's work in 2020 and 2021, the remuneration for the Audit Committee was decided at the AGM in May 2021. The remuneration of the Chair of the Board amounted to NOK 550,000 for his role as Chair of the Board and for serving on the Company's Audit Committee.

The remuneration for the Board and the Board Committees was approved by the AGM in May 2021.

Key Developments in Executive Management Remuneration

The senior executive's remuneration in 2021 complied with the guidelines on remuneration adopted by the AGM in 2021, with the exception of the implementation of a share option long-term incentive. Implementation of this program was paused due to the departure of the Company's CEO in August 2021 and is planned to be implemented as the new CEO comes in during May 2022.

At the end of 2020, the Board sought external expert advice on benchmarking the remuneration of the Senior Executives in the Company, and to give advice on the design on a long-term compensation model both for Senior Executives and other employees. This exercise benchmarked the remuneration to relevant peers, laying the foundation for the adjustments made in January 2021. It also led to changes in the long-term incentive model considering that Pexip is a listed company and the industry it operates in, which are reflected in Pexip's Remuneration Policy. For Senior Executives excluding the CEO, fixed remuneration increased 11% to NOK 7.57 million (NOK 6.81 million), while total variable remuneration declined 8% to NOK 4.0 million (NOK 4.4 million).

The CEO and the Board agreed that he would step down as CEO late August 2021. As a consequence, his fixed remuneration declined 14% to NOK 1.71 million (NOK 1.977 million). Due to severance pay of NOK 0.87 million, his variable remuneration increased to NOK 2.44 million (NOK 1.68 million).

Feedback from shareholders

The AGM approved the remuneration guidelines for senior executives, as well as the remuneration to the Board without significant input or comments.The remuneration of the Board is based on the Remuneration Policy adopted by the AGM. The policy is available on Pexip.com, in the Corporate Governance section.

Remuneration of the Board of Directors

Policy

The remuneration of the Board is based on the Remuneration Policy adopted by the AGM. The policy is available on Pexip.com, in the Corporate Governance section.

In 2021, the Board remuneration did not deviate from the Remuneration Policy.

Composition of Remuneration to the Board

The remuneration of the Board consists of the Base fee and the Board Committee fee.

Table 1 - Remuneration composition

Remuneration	Board of Directors
Directors' fee	Yes
Board committee fee	Yes
Variable remuneration	-
Pension	-
Expenses	-
Other benefits	-
Severance pay	-

Directors' fee

Base fee level for the period March 2021 up to the annual general meeting in 2022 was kept at the same level as previous period (March 2020 up to general meeting in May 2021).

Board committee fee:

Board committee fee level for the period March 2020 up to the AGM in 2021 was approved at the AGM in May 2021.

Social security tax

In 2021 social security taxes were paid based on rates set by the authorities and in line with the policy.

Table 2 - Board and committee fee levels 2021:

(Amounts in NOK 1,000).

	Board	Audit Committee	Nomination Committee(NOK)
	(NOK)	(NOK)
Chair	500	100	40
Member	300	50	20

Table 3 below includes the total remuneration of each board member in 2021. The total remuneration for each board mem-ber supports the focus of the Board on corporate strategy and are contributing to the long-term interest of the Company

Table 3 - Actual remuneration of the Board

Below is a specification of remuneration to the board of directors for year 2020 and 2021 (Amounts in NOK 1,000).

Name	Position	Fixed base fee 2020	Fixed base fee 2021	Fixed base fee 2021 paid in 20225)
Michel Sagen1)	Chair of the board	375	500	125
Kjell Skappel	Board member	225	300	75
Per Kogstad	Board member	225	300	75
Irene Kristiansen	Board member	159	300	75
Marianne Wergeland Jenssen	Board member	159	300	75
Håkon Dahle2)	Board member	66	0	0
Aril Resen3)	Board member	66	0	0
Tom Erik Lia4)	Board member	66	0	0

1) Chair of the board Michel Sagen is also a consultant for the company. Allowance related to work performed as a consultant amounted to NOK 1,257 thousand for the year 2021 (80% position from Jan to Feb and 60 % position from March to Dec) and NOK 1,756 thousand for the year 2020 (100 % position).

• 2) Remuneration for the period Jan to March 2020.
• 3) Remuneration for the period Jan to March 2020.
• 4) Remuneration for the period Jan to March 2020.

5) Remuneration for the period Oct to Dec 21 were paid in Jan 22.

Table 4 – Actual remuneration of the committees

Below is a specification of remuneration to the audit and nomination committee for year 2020 and 2021. (Amounts in NOK 1,000.)

Name	Position	Fixed base fee 2020	Fixed base fee 2021 1)
Irene Kristiansen	Chair of the Audit committee	0	100
Kjell Skappel	Audit committee member	0	50
Michel Sagen	Audit committee member	0	50
Dag Kaada	Chair of the Nomination committee	0	40
Aril Resen	Nomination Committee member	0	20
Oddvar Fosse	Nomination Committee member	0	20

1) Fixed base fee paid in 2021 relates to year 2020. The remuneration for year 2021 paid in 2022 will be settled on the annual general meeting in April 2022.

Table 5 – Shareholdings by the board 2021

As of December 31, 2021, the board held shares in Pexip themselves or through companies controlled by them. The board does not receive any share-based compensation.

Name	Position	At the end of year
Michel Sagen	Chair of the board	1,563,064
Kjell Skappel	Board member	8,599 505
Per Kogstad	Board member	4,059,775
Irene Kristiansen	Board member	150,000
Marianne Wergeland Jenssen	Board member	3,000

Remuneration of the Executive Management Team

Policy

The remuneration of the Executive management team is based on the Remuneration Policy adopted by the AGM. The policy is available on Pexip.com, in the Corporate Governance section.

In 2021, the executive management remuneration did not deviate from the Remuneration Policy, except for the implementation of a share option long-term incentive. Implementation of this program was paused due to the departure of the Company's CEO in August 2021 and is planned to be implemented as the new CEO comes in during May 2022.

Remuneration composition

Remuneration for executives comprise a base salary, a pension contribution, a variable short-term incentive, variable long-term incentives, and other benefits.

Table 6 - Remuneration composition

Remuneration	Executive Management
Fixed salary	Yes
Short-term incentives	Yes
Long-term Share based incentives	Yes
Pension	Yes
Expenses	Yes
Other benefits	Yes
Severance pay	Yes (For the CEO)
Short-term incentives based on share value	-

Fixed salary

The fixed salary shall be the main element in the cash-based remuneration and is decided based on the nature of the position, as well as the qualifications and experience of the executive holding it. The fixed salary is assessed annually, both benchmarking the compensation to similar roles in peer companies as well as overall wage growth.

Short-term incentives

The Company firmly believes that performance-based variable cash salaries for the Senior Executives have a motivational effect and that their implementation is beneficial for the Company and its shareholders to reach the Company's business strategy, long-term interests, and sustainable business practices.

Roles that have the highest direct impact on the Company's short-term performance, such as the Chief Executive Officer and the Chief Revenue Officer, have a higher share of short-term incentives to their overall compensation than the other Senior Executive roles. For the incoming CEO, the on-target variable performance-based salary is 47% of base salary and 28-45% for other executives.

The variable cash salaries are aligned with long-term targets. Pexip has defined a set of long-term targets on Annual Recurring Revenue and Operating Margin, which form the basis for the annual business plan and forms the basis of the variable performance-based salary for Senior Executives as follows:

• Growth in Annual Recurring Revenue, where achieving zero growth yields 0% achievement and achieving the annual target yields 100% achievement.
• Development in Operating Expenses including capitalized R&D, where spend of 130% of plan yields 0% achievement, and spending according to the annual target yields 100% achievement.

For both elements, under- and over-performance are rewarded on a linear scale. The plan is capped upwards at 200% of the plan. The Board can adjust targets during the year as well as introduce additional KPIs should it deem it necessary due to changes in market conditions or company performance.

The Company may demand variable cash salary refunded to the same extent it may demand fixed cash salary refunded following the expiry of the employment, typically in the event of erroneous payments or breach of contractual obligations.

Long-term share-based incentives

The purpose of the long-term share-based incentives (SBI) is to support the alignment between the executive management and shareholder interest and ensure the retention of key talent in Pexip.

The SBI has two parts:

• Part one of the SBI provides a cash amount to eligible executives, who must invest the net amount after tax in Pexip shares within one month after the grant and retain the shares for a minimum of 3 years. After the lock-up, executives are free to keep or sell the shares at their discretion. The conditions for the cash amount are equal to the variable performance-based salary.
• Part two of the SBI is based on share options. The share options will have a strike equal to the volumeweighted average of the past seven days before the award. 1/3 of vesting of the share options is based on Pexip achieving its long-term performance goal on Annual Recurring Revenue, 1/3 on stock price performance outperforming the OSEBX stock index, and 1/3 do not have additional performance criteria for its vesting.

Due to the departure of the former CEO and the succession period, the share option SBI has not been granted, and the Board seeks to implement this program following the approval of these Remuneration Guidelines and the appointment of the new CEO after the Company's Q1 2022 presentation in May 2022.

Pension

Pexip has a pension scheme according to local standards for all employees, also covering the Executive Management Team. Pexip has a pension contribution of 5% of base salary between NOK 101,351 and NOK 1,216,212 in Norway, and 5% of base salary in the UK.

Expenses:

In 2021 executive management received reimbursement for reasonable expenses related to travel, business expenses, broadband and electronic communication.

Other benefits

In 2021 executive management received other benefits like life and accident insurance, phone etc in line with the remuneration policy.

Severance pay

In 2021 former CEO Odd Sverre Østlie left the company and received six months' severance pay, in line with the remuneration policy. This amounted to NOK 0.87 million.

Table 7 - Actual remuneration of Executive management

Below is a specification of remuneration to the Executive management for year 2020 and 2021 (amounts in NOK 1,000). Remuneration is paid by the entity the Executive is employed by, which is Pexip Ltd for Giles Chamberlin and Pexip AS for the other Executives.

			Fixed			Variable
Name of Senior Executive and position	Reported financial year	Base salary	Total fixed remuneration	Pension	Short term incentives	Other remuneration	Severance pay	Long term cash incentives for share purchase	Total variable remuneration	Total remuneration	Short term incentives accrued 2021 paid 2022
Odd Sverre Østlie Former CEO1)	2021	1,707	1,707 (41 %)	38	1,511	119	767	-	2,435 (59%)	4,142	958
	2020	1,977	1,977 (54%)	56	1,570	58	-	-	1,684 (46%)	3,661	-
Øystein Hem CFO and	2021	1,810	1,810 (65%)	58	696	34	-	185	973 (35%)	2,783	86
interim CEO4)	2020	1,396	1396 (57%)	56	978	34	-	-	1,068 (43%)	2,464	-
Tom Erik Lia CSO2)	2021	1,700	1,700 (62%)	58	779	31	-	185	1053 (38%)	2,753	93
	2020	1,459	1,459 (52%)	56	1,229	55	-	-	1,340 (48%)	2,799	-
Giles Chamberlin Former CTO3)	2021	1,330	1,330 (65%)	67	404	53	-	185	709 (35%)	2,039	68
	2020	1,795	1,795 (66%)	102	775	50	-	-	927 (34%)	2,722	-
Nicolas Cormier CTO5)	2021	1,500	1,500 (68%)	61	434	33	-	185	713 (32%)	2,213	57
	2020	1,196	1,196 (66%)	56	492	72	-	-	620 (34%)	1,816	-
Ingrid Woodhouse CPO	2021	1,232	1,232 (68%)	55	314	34	-	185	588 (32%)	1,820	43
	2020	966	966 (69%)	43	366	27	-	-	436 (31%)	1,402

1) Odd Sverre Østlie left the company on August 30, 2021.Short term incentives accrued 2021 paid 2022 relates to severance pay.

2) Tom Erik Lia changed role from CCO to CSO from September 13, 2021.

3) Giles Chamberlin changed role from CTO to Software engineer from September 13, 2021.

4) Øystein Hem took over the role as interim CEO from August 23, 2021.

5) Nicolas Cormier changed role from COO to CTO from August 30, 2021.

Table 8 - Long term incentive programmes/Options by Executive management

Below is a specification of long-term incentive programmes for the Executive management.

Name of Senior Executive and position	Long term incentive programmes	Strike price	Grant date	Vesting date	Number of shares preliminary allocated	Fair value per share at grant date 1)	Total fair value at launch	Terminated	Number of exercised options 2021	Strike price exercised options 2021
Odd Sverre Østlie	Pexip 2018 program		14.5 March 2018	March 2022	50 000	5.3166	265 830	50 000	730 000	21,47
Former CEO	Management	38	May 2019	May 2023	30 000	7.3219	219 657
	IPO program	38	May 2019	May 2022	30 000	6.2168	186 504
	Pexip 2018 program	25	Sept 2018	Sept 2022	7 500	9.2884	69 663		212 500	31,39
Øystein Hem
CFO and	Management	38	May 2019	May 2023	30 000	7.3219	219 657
interim CEO	IPO program	38	May 2019	May 2022	30 000	6.2168	186 504
		32	April 2020	April 2024	17 500	41.1654	720 395
	Pexip 2020	32	April 2020	April 2023	17 500	40.2847	704 982
	program	32	April 2020	April 2022	17 500	39.7540	695 695
Tom Erik Lia	Management	38	May 2019	May 2023	30 000	7.3219	219 657
CSO	IPO program	38	May 2019	May 2022	30 000	6.2168	186 504		180 000	38,00
Giles
Chamberlin	Management	38	May 2019	May 2022	15 000	6.2168	93 252
Former CTO	IPO program	38	May 2019	May 2023	15 000	7.3219	109 829		180 000	38,00
Nicolas Cormier
CTO	Management	38	May 2019	May 2022	30 000	6.2168	186 504		180 000	38,00
	IPO program	38	May 2019	May 2023	30 000	7.3219	219 657
	Pexip 2018
Ingrid	program	25	Nov 2018	Nov 2022	7 500	5.7781	43 336		21 875	27,11
Woodhouse
CPO	Pexip 2020	32	April 2020	April 2022	6 875	39.7540	273 309
	program	32	April 2020	April 2023	6 875	40.2848	276 708
		32	April 2020	April 2024	6 875	41.1654	283 012

As part of the severance agreement between Pexip and Odd Sverre Østlie, the share options from the Management IPO program is maintained, and the share options related to the ordinary share option program were cancelled.

1) Valuation is based on Black and Scholes share option valuation.

Table 9 – Shareholdings by the Executive management 2021

As of 31 December 2021, the Executive management held shares in Pexip as follows.

Name	Role	At the end of the year
Odd Sverre Østlie	Former CEO	406,729
Tom Erik Lia	CSO	1,438,252
Giles Chamberlin	Former CTO	1,516,101
Øystein Hem	CFO and interim CEO	109,968
Nicolas Cormier	CTO	230,573
Ingrid Woodhouse	CPO	24,930

Table 10 – KPIs for variable remuneration and goal achievement for 2021

Below is a specification of the KPIs for the variable remuneration to Executive management including measured performance and achievements.

	Performance criteria	Relative weighting of the performance criteria	Measured performance and remuneration outcome
The CEO and Senior	Growth in Annual Recurring Revenue, where achieving zero growth yields 0% achievement and achieving the annual target yields 100% achievement.	80%	81,4 %
executives	Development in Operating Expenses including capitalized R&D, where spend of 130% of plan yields 0% achievement, and spending according to the annual target yields 100% achievement.	20%	159 %

Remuneration and company performance year 2020 - 2021

A summary of the board and executive management remuneration for the year 2021 and comparative information from the year of the IPO (2020) is provided in the table below (amounts in NOK 1,000).

Table 11 – Comparative information on the change of remuneration and company performance

Annual change	2020	2021	Change %	Change NOK
Directors' remuneration
Odd Sverre Østlie Former CEO	3,661	4 142	13	481
Øystein Hem CFO and interim CEO	2,464	2,783	13	319
Tom Erik Lia CSO	2,799	2,753	-2	-46
Giles Chamberlin Former CTO	2,722	2,039	-25	-683
Nicolas Cormier CTO	1,816	2,213	22	397
Ingrid Woodhouse CPO	1,402	1,820	30	418
Board of Directors remuneration
Michel Sagen Chair of the Board	500	500	-	0
Kjell Skappel Board member	300	300	-	0
Per Kogstad Board member	300	300	-	0
Irene Kristiansen Board member	234	300	28	66
Marianne Wergeland Jenssen Board member	234	300	28	66
Company's performance
Annual recurring revenue (USD Million)	81.9	106.4	30	25
EBITDA (NOK 1000)	55,629	-124,297	-323	-179,926
Profit (Loss) for the year (NOK 1000)	-89,009	-157,324	77	-68,315
Average remuneration on a full-time equivalent basis of employees1)
Employees of the company average base salary	1,128	984	-13	-144
Employees of the company total salary	1,360	1,230	-10	-130

1) Average remuneration on a full-time equivalent basis for employees of the company includes all full-time employees.

The Board of Director's Statement on the Remuneration Report

Today, the Board of Directors has considered and adopted the Remuneration Report of Pexip Holding ASA for the financial year 1 January -. 31 December 2021.

The remuneration report is presented in accordance with section 7-31b and 7-32 of the Norwegian Accounting Act.

In our opinion, the Remuneration Report is in accordance with the Remuneration Guidelines adopted at the Annual General Meeting, and is free from material misstatements and omissions, whether due to fraud or error.

The remuneration Report will be presented for a vote at the Annual General Meeting 21 April 2022.

Oslo, March 30, 2022 Board of Directors and CEO of Pexip Holding ASA

Michel Sagen Chair of the Board

Per Kogstad Board Member

Irene Kristiansen Board Member

Kjell Skappel Board Member

Marianne Wergeland Jenssen Board Member

Deloitte AS Dronning Eufemias gate 14 Postboks 221 Sentrum NO-0103 Oslo Norway

Registrert i Foretaksregisteret Medlemmer av Den

norske Revisorforening Organisasjonsnummer: 980 211 282 14

Tel: +47 23 27 90 00 www.deloitte.no

To the General Meeting of Pexip Holding ASA

INDEPENDENT AUDITOR'S ASSURANCE REPORT ON REPORT ON SALARY AND OTHER REMUNERATION TO DIRECTORS

Opinion

We have performed an assurance engagement to obtain reasonable assurance that Pexip Holding ASA report on salary and other remuneration to directors (the remuneration report) for the financial year ended 31 December 2021 has been prepared in accordance with section 6-16 b of the Norwegian Public Limited Liability Companies Act and the accompanying regulation.

In our opinion, the remuneration report has been prepared, in all material respects, in accordance with section 6 - 16 b of the Norwegian Public Limited Liability Companies Act and the accompanying regulation.

Board of directors' responsibilities

The board of directors is responsible for the preparation of the remuneration report and that it contains the information required in section 6-16 b of the Norwegian Public Limited Liability Companies Act and the accompanying regulation and for such internal control as the board of directors determines is necessary for the preparation of a remuneration report that is free from material misstatements, whether due to fraud or error.

Our independence and quality control

We are independent of the company as required by laws and regulations and the International Ethics Standards Board for Accountants' Code of International Ethics for Professional Accountants (including International Independence Standards) (IESBA Code), and we have fulfilled our other ethical responsibilities in accordance with these requirements. Our firm applies International Standard on Quality Control 1 (ISQC 1) and accordingly maintains a comprehensive system of quality control including documented policies and procedures regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements.

Auditor's responsibilities

Our responsibility is to express an opinion on whether the remuneration report contains the information required in section 6-16 b of the Norwegian Public Limited Liability Companies Act and the accompanying regulation and that the information in the remuneration report is free from material misstatements. We conducted our work in accordance with the International Standard for Assurance Engagements (ISAE) 3000 – "Assurance engagements other than audits or reviews of historical financial information".

We obtained an understanding of the remuneration policy approved by the general meeting. Our procedures included obtaining an understanding of the internal control relevant to the preparation of the remuneration report in order to design procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control. Further we performed procedures to ensure completeness and accuracy of the information provided in the remuneration report, including whether it contains the information required by the law and accompanying regulation. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Oslo, 30 March 2022 Deloitte

Eivind Ungersness

State Authorised Public Accountant

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms, and their related entities (collectively, the "Deloitte organization"). DTTL (also referred to as "Deloitte Global") and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.no to learn more.

Signaturene i dette dokumentet er juridisk bindende. Dokument signert med "Penneo™ - sikker digital signatur". De signerende parter sin identitet er registrert, og er listet nedenfor.

"Med min signatur bekrefter jeg alle datoer og innholdet i dette dokument."

Eivind Ungersness Statsautorisert revisor Serienummer: 9578-5994-4-1479369 IP: 217.173.xxx.xxx 2022-03-29 09:14:21 UTC

15

Dokumentet er signert digitalt, med Penneo.com. Alle digitale signatur-data i dokumentet er sikret og validert av den datamaskin-utregnede hash-verdien av det opprinnelige dokument. Dokumentet er låst og tids-stemplet med et sertifikat fra en betrodd tredjepart. All kryptografisk bevis er integrert i denne PDF, for fremtidig validering (hvis nødvendig).

Hvordan bekrefter at dette dokumentet er orginalen?

Dokumentet er beskyttet av ett Adobe CDS sertifikat. Når du åpner dokumentet i

Adobe Reader, skal du kunne se at dokumentet er sertifisert av Penneo esignature service penneo@penneo.com. Dette garanterer at innholdet i dokumentet ikke har blitt endret.

Det er lett å kontrollere de kryptografiske beviser som er lokalisert inne i dokumentet, med Penneo validator - https://penneo.com/validate

Content placeholder 16

Lilleakerveien 2A, 0283 Oslo, Norway www.pexip.com

Annual Report 2021