Arribatec Group ASA — AGM Information 2014

Jun 11, 2014

The nomination committee's recommendations to the general meeting of Agasti Holding ASA

The nomination committee's recommendations to the general meeting of Agasti Holding ASA

The nomination committee's recommendations to the general meeting of

Agasti Holding ASA regarding the composition of the nomination committee

and the Board of Directors

The nomination committee of Agasti Holding ASA consists of Steinar

Olsen, Ulf-Einar Staalesen and Nils A. Foldal, of which the latter is

the nomination committee's chairman.

The committee regards its most important task as finding board

candidates that are regarded as having the necessary competence and

capacity to carry out the tasks required of a board of directors. The

nomination committee has also aimed to compose the board of persons with

a willingness and ability to collaborate. The nomination committee's

work is regulated by the guidelines for the nomination committee of

Agasti Holding ASA, adopted at the general meeting of 26 June 2013.

The current board members were elected at last year's two general

meetings, held on 26 June 2013 and 29 November 2013 respectively, and

the term of office for board members is two years. Consequently, no

members of the board are up for election. On the basis of extensive

changes to the company's shareholder structure since the previous

election, and following suggestions from the company's largest

shareholders, the nomination committee proposes that changes be made to

the composition of the board, and the entire current board will

therefore be up for election. In addition, the current board does not

currently fulfil statutory requirements regarding gender composition,

since three of the four board members are women.

In accordance with the company's Articles of Association, the board

shall consist of three to seven members.

The nomination committee recommends that the Board of Directors be

composed as follows:

1. John Høsteland, Chairman of the Board (new)

2. Jon Bjørstad, Board Member (new)

3. Erling Meinich-Bache, Board Member

4. Beatriz Malo de Molina, Board Member

5. Ellen Merethe Hanetho, Board Member (new)

6. Trond Vernegg, Board Member (new)

7. Kristin Louise Abrahamsen Wilhelmsen, Board Member (new)

The nomination committee would like to thank outgoing board members

Merete Haugli and Sissel Knutsen Hegdal for their hard work throughout a

demanding period for the company.

Short CVs for each of the new board candidates are enclosed to this

stock exchange notice.

All members of the nomination committee were elected at last year's

general meeting. Since the term of office for members of the nomination

committee is two years, none of the members are up for election. On the

basis of extensive changes to the company's shareholder structure since

the previous election, the nomination committee proposes that changes

are made to the composition of the nomination committee.

In accordance with the company's Articles of Association, the nomination

committee shall consist of three to five members.

It is proposed that the nomination committee consist of:

1. Ove Steinar Larsen, Chairman (new)

2. Truls Foss, Member (new)

3. Eirik Iversen, Member (new)

Short CVs for each of the new candidates for the nomination committee

are enclosed to this stock exchange notice.

Oslo, 9 June 2014

Nils A. Foldal (sign.)

Chairman of the nomination committee

This information is subject of the disclosure requirements pursuant to

section 5-12 of the Norwegian Securities Trading Act.