ABL Group — AGM Information 2015

Apr 29, 2015

Proposal from the Election Committee in Aqualis ASA for the Annual General Meeting 22 May 2015

The following constitute the Election Committee of Aqualis ASA:

• Eigil Stray Spetalen (Chairman)
• Martin Nes

The Committee has evaluated the work of the Board of Directors and received input from shareholders about the composition of the Board.

Election of Board members

The Election Committee proposes that the following current Board members are re-elected for a period of two years:

• Yvonne L. Sandvold
• Synne Syrrist

Furthermore, the Election Committee proposes that the following person is elected as Board member for a period of two years;

• Martin Nes

If these Board members are elected the Board of Directors of Aqualis ASA will consist of the following members:

• Glen Rødland, Chairman
• Yvonne L. Sandvold
• Reuben Segal
• Martin Nes
• Synne Syrrist

Election of members for the Election Committee

The Election Committee proposes that the following persons are elected for two years:

• Eigil Stray Spetalen, Chairman
• Espen Lundaas

Remuneration of the Board of Directors

The Election Committee proposes that the remuneration for the period from the EGM 2014 to the AGM 2015 is:

Chairman: NOK 250,000 Board member: NOK 150,000

Deputy board member: NOK 40,000

Furthermore, it is proposed that the remuneration for the period from the AGM 2015 to the AGM 2016 is kept at the same level.

Remuneration for the Election Committee

The Election Committee proposes that the remuneration for the Chairman should be NOK 30,000 and for any other member NOK 20,000 for the period from the EGM 2014 to the AGM 2015.

Furthermore, it is proposed that the remuneration for the period from the AGM 2015 to the AGM 2016 is kept at the same level.

Oslo, April 29, 2015

The Election Committee of Aqualis ASA