ContextVision AB — Remuneration Information 2021

Apr 7, 2021

ContextVision

Remuneration report for ContextVision AB (publ) 2020

To be presented at the Annual General Meeting 2021

Introduction

This report describes how the guidelines for remuneration of senior executives in ContextVision AB, adopted by the 2020 Annual General Meeting, were applied for the financial year 2020. The report also provides information on remuneration to the CEO. The report has been prepared in accordance with the Swedish Companies Act and the Swedish Corporate Governance Code Rules on remuneration to senior executives and on incentive programs.

Further information about remuneration of senior executives is available in Note 5 (Personnel) in the Annual Report for 2020.

The report does not include remuneration to the Board of Directors, as remuneration to the Board is approved annually by the Annual General Meeting. Information on remuneration to the Board for 2020 is available in Note 5 (Personnel) in the annual report.

The guidelines for remuneration to senior executives, which were adopted by the 2020 Annual General Meeting, and their application are described in the Annual Report for 2020.

The company's development during 2020

The CEO summarizes the company's overall performance in his statement available on pages 7-8 in the 2020 annual report.

The company's remuneration guidelines: scope, purpose and deviations

Successful implementation of the company's business strategy and assuring of the company's long-term interests, including its sustainability, requires the company to be able to recruit and retain qualified employees. Therefore, the company must offer competitive compensation. The guidelines enable senior executives to be offered a competitive total remuneration. The company's business strategy is further described in the annual report.

Remuneration to senior executives may consist of fixed salary, variable remuneration, pension and other conventional benefits such as health insurance, life insurance and company car. The total cost of benefits may not exceed 15 percent of the fixed salary.

The guidelines can be found in Note 5 (personnel) in the annual report for 2020. In 2020, the company followed the applicable remuneration guidelines adopted by the Annual General Meeting. During the year, the Board used the possibility to depart from the guidelines regarding variable remuneration to the CEO. No deviations have been made from the decision-making process that according to the guidelines must be applied to determine the compensation. The auditor's opinion on the company's compliance with the guidelines will be available on ContextVision's website no later than three weeks before the 2021 Annual General Meeting.

Share-based compensation

The company has not decided to introduce any long-term share or share price-related incentive programs.

Application of performance criteria

The fulfilment of criteria for payment of variable remuneration must be measurable over a period of one or more years. The variable remuneration shall be limited to a maximum annual payment and shall not exceed 10 per cent of the fixed annual salary. Variable remuneration must be linked to predetermined and measurable criteria that can be financial or non-financial. They can also be individualized quantitative or qualitative goals. The criteria must be designed so that the main company's business strategy and long-term interests are met, including its sustainability.

The performance criteria for the CEO's variable compensation 2020 have been chosen to link the CEO's interests with the shareholders' interests and to encourage actions that are in the company's long-term interest. When selecting the performance criteria for 2020, the strategic goals as well as short- and long-term business priorities

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ContextVision

have been considered. The company has not made any agreements on the possibility of recovering variable remuneration.

Table 1 Salaries and remuneration to the CEO 2020 (SEK thousand)

Executive	Fixed salary	Variable remuneration²	Not paid variable remuneration³	Other benefits and allowances⁴	Pension-costs	Total
CEO Fredrik Palm	1,752	16	259	112	382	2 521
Total	1,752	16	259	112	382	2 521

1. Including holiday pay
2. Variable remuneration relating to 2019, but paid out during 2020
3. Refers to variable remuneration for 2020, to be paid out during 2021
4. Health insurance, car benefits, travel allowances

Comparable information between remuneration and the company's performance

Since this report constitutes the first remuneration report prepared by the company, the table below only provides information regarding the financial year 2020.

Table 2 Changes in remuneration and the Group's operating profit (SEK thousand)

SEK thousand	2020
Remuneration to CEO*	2,262
The Groups operating profit	15,471
Compensation per employee**	928

• Not paid variable compensation not included
  ** Average compensation based on number of FTE:s in the Group

The Board of Directors on April 7, 2021