Arribatec Group ASA — Proxy Solicitation & Information Statement 2014

Jun 11, 2014

John Høsteland (b. 1947) – proposed Chairman of the Board

John Høsteland is the self-employed owner of JH Consult, through which he offers advisory services targeted at the corporate market. He has previously held the role of CEO in a number of companies including Höegh Capital Management ASA, Skogbrand Forsikring, First Securities ASA and Elcon Securities ASA, among others. Høsteland is a member of the boards of directors of Bank Norwegian, Aberdeen Baltikum, Höegh Capital Partners ASA, Guardian Corporate AS, Norwegian Finans Holding ASA and First Asset Management AS, in addition to a number of other companies.

John Høsteland holds a Doctor of Science in Economics from the Norwegian University of Life Sciences at Ås.

Høsteland owns no shares, share options or warrant shares in the company.

Jon Bjørstad (b. 1953) – proposed new board member

Jon Bjørstad has previously held the position of CEO in a number of companies including Tandberg Data ASA, Bird Technology, DnB Finans and Diners Club Sverige, among others. Bjørstad is a member of the boards of directors of Songa, Varier Furniture AS and LOG AS.

Jon Bjørstad holds a Master of Business and Administration from the University of Wisconsin, USA.

Bjørstad owns no shares, share options or warrant shares in the company, but has a business relationship with Perestroika AS, which is Agasti Holding ASA's largest shareholder.

Ellen M. Hanetho (b. 1964) – proposed new board member

Ellen M. Hanetho is the CEO of Frigaard Invest. She has previously held senior positions in a number of companies, including Credo Kapital, Credo Partners, Goldman Sachs and Citibank. Hanetho is a member of the boards of directors of Telio Holding ASA, Crudecorp ASA, Fearnley Finans AS and Fearnly Securities AS.

Hanetho holds a Bachelor of Art in Business Administration from Boston University. She also holds an MBA from Solvay Business School in Brussels, as well as an Executive MBA from INSEAD, Fontainebleau.

Hanetho owns no shares, share options or warrant shares in the company.

Trond Vernegg (b. 1958) – proposed new board member

Trond Vernegg is a partner at Arntzen de Besche law firm, where he primarily assists as an advisor for listed and private companies in connection with transactions and ongoing operations. Vernegg is a member of the Board of Directors of Guardian Corporate AS and has previously held positions on the boards of Warren Wicklund AS, Warren Wicklund Kapitalforvaltning ASA, Elcon Securities ASA, Gjensidige NOR Equities ASA, Otrum ASA and Sparebank 1 Markets AS.

Vernegg holds a law degree from the University of Oslo.

Vernegg owns no shares, share options or warrant shares in the company.

Kristin Louise Abrahamsen Wilhelmsen (b. 1962) – proposed new board member

Wilhelmsen has many years' experience with investments in various asset classes from her family's investment company, and is General Manager of Flexiteek International AS. She has previously worked within finance with experience from the securities department and credit department at DNB (formerly DnC). Wilhelmsen holds a number of positions on the boards of family-owned companies.

Wilhelmsen has studied Economics at Lund University.

Wilhelmsen owns no shares, share options or warrant shares in the company.

Ove Steinar Larsen (b. 1950) – proposed new Chairman of the nomination committee

Larsen is self-employed and offers business advisory and board services, in addition to being an investor. He has previously held the position of CEO at Nydalens Compagnie AS, Investa Eiendom and Skadeforsikringsselskapet Vest AS. Larsen has held diverse board and other positions within the areas of banking, finance, insurance, real estate, stockbroking, trade, payment cards and EDB both in Norway and abroad.

Larsen graduated from the Norwegian School of Economics.

Larsen owns no shares, share options or warrant shares in the company.

Truls Foss (b. 1964) – proposed new member of the nomination committee

Truls Foss is a partner and lawyer at Advokatfirmaet Foss Brynildsen DA. Foss holds positions on a number of boards of directors, including those of Ekeskjær AS, Hasselgaarden DA, Gangnes AS and Dobloug ANS.

Foss graduated as a lawyer from the University of Oslo.

Foss owns no shares, share options or warrant shares in the company.

Eirik Iversen (b. 1976) – proposed new member of the nomination committee

Eirik Iversen is the CFO of Coil Investment Group AS. He has previously been employed in the transaction advisory services department at PwC. Prior to this, Iversen was Group Business Controller in Technor ASA. He sits on the Board of Directors of Acta Kapitalforvaltning AS, and holds several board positions relating to Coil Investment Group AS.

Iversen holds a Master of Science in International Finance from Skema Business School in France and a B.Sc. from BI Norwegian Business School / the University of Minnesota.

Iversen owns no shares, share options or warrant shares in the company.