Inin Group AS — AGM Information 2021

Apr 14, 2021

Til aksjeeierne

1. april 2021

INNKALLING TIL

ORDINÆR GENERALFORSAMLING

I ELOP AS

Aksjeeierne i ELOP AS (org.nr. 911 631 474, "Selskapet") innkalles til ordinær generalforsamling onsdag, 21. april 2021 kl. 09:00 i Selskapets lokaler i Drammensveien 133, 0277 Oslo, Norge.

Styret har fastsatt følgende forslag til dagsorden:

• 1. Åpning av møtet og registrering av møtende aksjeeiere
• 2. Valg av møteleder og en person til å medundertegne protokollen
• 3. Godkjennelse av innkalling og forslag til dagsorden
• 4. Godkjennelse av årsregnskap og årsberetning for 2020
• 6. Godtgjørelse til styrets medlemmer for 2020
• 8. Styrefullmakt til å forhøye aksjekapitalen i forbindelse med Selskapets opsjonsprogram, investeringer og oppkjøp
• 9. Styrefullmakt for erverv av egne aksjer i forbindelse med Selskapets opsjonsprogram, investeringer og oppkjøp

Registrering Registration

Styret anser at særlige grunner nødvendiggjør å avholde generalforsamlingen utenfor Selskapets registrerte forretningskommune. Selskapets lokaler i Drammensveien 133 på Skøyen anses for å være godt egnet for å fasilitere en delvis digital avholdelse av generalforsamling To the shareholders

14 April 2021

NOTICE OF

ANNUAL GENERAL MEETING

IN ELOP AS

The Shareholders in ELOP AS (reg. no. 911 631 474, the "Company") are hereby given notice of the Annual General Meeting on Wednesday, 21 April 2021 at 09:00 CET at the Company's offices at Drammensveien 133, 0277 Oslo, Norway.

The Board has proposed the following agenda:

• 1. Opening of the meeting and registration of attending shareholders
• 2. Election of a chairman of the meeting and one person to co-sign the minutes
• 3. Approval of the notice and the proposed agenda
• 4. Approval of the annual accounts and annual report for 2020
• 5. Godtgjørelse til revisor for 2020 5. Remuneration to the auditor for 2020
  • 6. Remuneration to the members of the Board of Directors for 2020
• 7. Styrevalg 7. Election of members to the Board of Directors
  • 8. Authorisation to the Board to increase the share capital in connection with the Company's share option program, investments and acquisitions
  • 9. Authorisation to the Board to acquire own shares in connection with the Company's share option program, investments and acquisitions
• 10. Selskapets reorganisering 10. The Company's Reorganization

The Board finds it necessary to convene the general meeting outside the Company's registered municipality of business. The Company's offices in Drammensveien 133 at Skøyen is deemed well suited to convene a partially digital general meeting necessitated by Covid-19. Due to the restrictions imposed

nødvendiggjort av Covid-19. Som følge av restriksjonene pålagt eller oppfordret til av norske myndigheter for å redusere spredning av Covid-19, oppfordres aksjeeiere til å gi fullmakt til styreleder med eller uten stemmeinstruks.	or urged by the Norwegian authorities to decrease the spread of Covid-19, shareholders are urged to grant the Chair of the Board an authorization with or without voting instructions.
Aksjeeiere som ønsker å delta på den ordinære generalforsamlingen, selv eller ved fullmektig, bes om å fylle ut og returnere påmeldings-/ fullmaktsskjema som er gjort tilgjengelig på Selskapets internettside https://elop.no/investor relations/annual-general-meeting/ og vedlagt som Vedlegg 2 til denne innkallingen (engelsk versjon) ved post til:	Shareholders who wish to attend the General Meeting, in person or by proxy, are asked to notify the Company by completing and returning the attendance or proxy form which is posted on the Company's web page https://elop.no/investor relations/annual-general-meeting/ and attached as Appendix 2 to this notice by mail to:
Nordea Bank Abp, filial i Norge, Issuer Services, Postboks 1166 Sentrum, 0107 Oslo, Norge	Nordea Bank Abp, filial i Norge, Issuer Services, Postboks 1166 Sentrum, 0107 Oslo, Norway
eller e-post til:	or e-mail to:
issuerservices.no@nordea.com	issuerservices.no@nordea.com
innen	no later than
19. april 2021 kl. 16:00.	19 April 2021 at 4 pm CET.
Aksjeeiere som ikke har registrert sin deltakelse innen fristen kan nektes adgang med hjemmel i midlertidig lov om unntak fra krav til fysisk møte mv. for å avhjelpe konsekvenser av utbrudd av COVID-19.	Shareholders who have not registered attendance within the deadline may be denied access pursuant to the Provisional Act on exemptions from the requirement of physical meetings to relief the consequences of COVID-19.
Personer med luftveisinfeksjon eller som er pålagt karantene- eller isolasjonsplikt skal ikke delta fysisk på generalforsamlingen. Det samme gjelder reisende som har returnert fra land utenfor Norge ti dager før generalforsamlingen. Den som åpner generalforsamlingen kan nekte personer adgang til fysisk deltagelse hvis deres tilstedeværelse etter møteåpners skjønn antas å utgjøre en smitterisiko av ovennevnte grunner. Selskapet vil i så fall legge til rette for at aksjeeiere som på denne måten nektes adgang, gis anledning til å gi fullmakt til styreleder eller andre som er til stede.	Persons with respiratory infection or who are subject to isolation or quarantine, shall not attend the General Meeting in person. The same applies to persons who have returned from travels outside Norway in the last ten days prior to the General Meeting. The opener of the General Meeting may deny persons entry to the General Meeting if their presence in the meeting opener's opinion can be assumed to represent a risk of infection. In such event, the Company will arrange for shareholders who are denied entry the ability to grant a proxy to the Chair of the Board or others present.
Fullmakt	Proxy
Aksjeeiere som ønsker å delta ved fullmektig kan gi fullmakt til styrets leder eller andre til å stemme for sine aksjer ved å benytte vedlagte fullmaktsskjema. Hvis det gis fullmakt til styrets leder, bør vedlagte skjema med fullmakt med	Shareholders who wish to attend the General Meeting by proxy may authorise the Chair of the Board or another person to vote for their shares by using the attached proxy form. If a proxy is given to the Chair of the Board, the attached form

2/12

stemme innstilling innkomne forslag.	stemmeinstruks fylles ut. Dersom instruksen ikke fylles ut, anses dette som en instruks om å "for" styrets forslag, valgkomiteens og styrets anbefaling knyttet til	with voting instructions should be completed. If such form is not completed, this will be deemed as an instruction to vote "in favour" of the Board's proposals; the Nomination Committee's recommendations and the Board's proposals in relation to any proposal received.
Digital deltakelse		Digital participation
	Selskapet vil tilrettelegge for at aksjonærer kan ringe inn på generalforsamlingen via Teams og på den måten overvære møtet, samt få mulighet til å stille spørsmål til Selskapets representanter.	The Company will arrange for shareholders to be able to call in to the general meeting via Teams and as such participate in the meeting and have the possibility to raise questions to the Company's representatives.
Innringingsdetaljer er som følger:		The call-in details are as follows:
Ring inn med en video konferanse enhet:		Join with a video conferencing device
teams@vmr.wr.no		teams@vmr.wr.no
	Video Conference ID: 127 182 135 4	Video Conference ID: 127 182 135 4
Delta via telefon (kun lyd):		Join via phone (audio only):
+47 21 40 41 97		+47 21 40 41 97
Telefonkonferanse ID: 428 871 052#		Phone Conference ID: 428 871 052#
	* * *		* * *
Innkallingen med vedlegg er også tilgjengelig på Selskapets internettside https://elop.no/investor-relations/annual general-meeting/.		The notice with appendices are also available on the Company's website https://elop.no/investor relations/annual-general-meeting/.
Vedlegg 1:	Styrets forslag til beslutninger	Appendix 1:	The Board's proposed resolutions
Vedlegg 2:	Påmeldings- og fullmaktsskjema	Appendix 2:	Notice of attendance and proxy

Med vennlig hilsen/Yours sincerely

the Board of Directors of

ELOP AS

Øivind Horpestad Chairman of the Board

____________________________

SAK 4: GODKJENNELSE AV ÅRSREGNSKAP OG ÅRSBERETNING FOR 2020

Styrets forslag til årsregnskap og styrets årsberetning for 2020 samt revisors beretning er tilgjengelige på https://elop.no/investorrelations/annual-general-meeting/.

Styret foreslår at generalforsamlingen treffer følgende beslutning:

Årsregnskapet og styrets årsberetning for 2020 godkjennes.

SAK 5: GODTGJØRELSE TIL REVISOR FOR 2020

Selskapets revisor, PWC (org. nr. 987 009 713), har i henhold til avtale med Selskapet mottatt godtgjørelse etter regning på NOK 589 000 for revisjon av årsregnskapet for 2020.

Styret foreslår at generalforsamlingen treffer følgende beslutning:

Revisors godtgjørelse på NOK 589 000 for 2020 godkjennes.

SAK 6: GODTGJØRELSE TIL STYRETS MEDLEMMER FOR 2020

Det er foreslått at styrets medlemmer mottar godtgjørelse for 2020.

Styret foreslår at generalforsamlingen treffer følgende beslutning:

Godtgjørelsen til styrets medlemmer for perioden fra ordinær generalforsamling i 2020 til ordinær generalforsamling i 2021 fastsettes til NOK 200 000 for styrets leder og NOK 150 000 for hvert av styremedlemmene.

Erik Langaker trer ut av styret. Det er foreslått at det resterende eksisterende styret gjenvelges for to nye år.

APPENDIX 1: THE BOARD'S PROPOSED RESOLUTIONS

ITEM 4: APPROVAL OF THE ANNUAL ACCOUNTS AND ANNUAL REPORT FOR 2020

The Board's proposal for the annual accounts as well as the auditor's report, are available at https://elop.no/investor-relations/annual-generalmeeting/.

The Board proposes that the General Meeting passes the following resolution:

The annual accounts and the Board of Directors' report for 2020 are approved.

ITEM 5: REMUNERATION TO THE AUDITOR FOR 2020

The Company's auditor, PWC (org. no. 987 009 713), has in accordance with an agreement with the Company received remuneration as per invoice of NOK 589,000 for the statutory audit of the annual accounts for 2020.

The Board proposes that the General Meeting passes the following resolution:

The auditor's remuneration of NOK 589,000 for 2020 is approved.

ITEM 6: REMUNERATION TO THE MEMBERS OF THE BOARD OF DIRECTORS FOR 2020

It is proposed that the members of the Board of Directors receive remuneration for 2020.

The Board proposes that the General Meeting passes the following resolution:

The remuneration to the members of the Board of Directors for the period from annual general meeting in 2020 to the annual general meeting in 2021 is set to NOK 200,000 for the Chairman of the Board of Directors and NOK 150,000 to each of the members of the Board of Directors and employee representatives.

SAK 7: STYREVALG ITEM 7: ELECTION OF MEMBERS TO THE BOARD

Erik Langaker resigns from the Board of Directors. It is proposed that the remaining existing Board of Directors is re-elected for two new years.

Styret foreslår at generalforsamlingen treffer følgende beslutning:

Styret i Selskapet skal bestå av:

Øyvind Horpestad, styreleder Lars Nilsen, styremedlem Kristian Lundkvist, styremedlem Ketil Skaget, styremedlem

Styret velges for to nye år.

SAK 8: STYREFULLMAKT TIL Å FORHØYE AKSJEKAPITALEN I FORBINDELSE MED SELSKAPETS OPSJONSPROGRAM, INVESTERINGER OG OPPKJØP

Det samlede gjenstående beløpet aksjekapitalen kan forhøyes med under eksisterende fullmakt gitt av generalforsamlingen den 14. januar 2021 er NOK 742 528,36, ved utstedelse av inntil 14 850 567 aksjer.

Styret foreslår at generalforsamlingen gir styret en ny fullmakt til å forhøye aksjekapitalen i forbindelse med Selskapets opsjonsprogram, investeringer og oppkjøp, som i sin helhet skal erstatte eksisterende fullmakt som angitt over. Styrets forslag innebærer at aksjekapitalen skal kunne forhøyes med inntil NOK 2 325 095,35, tilsvarende inntil 50% av aksjekapitalen, ved utstedelse av inntil 46 501 907 aksjer.

Vedrørende forhold som må tillegges vekt ved en investering i Selskapets aksjer vises det til Selskapets årsregnskap for 2020 og øvrige børsmeldinger offentliggjort via www.newsweb.no og på Selskapets hjemmeside.

Forslaget innebærer at aksjeeiernes fortrinnsrett til å tegne aksjer i henhold til aksjeloven § 10-4 kan fravikes, jf. § 10-5. Styret anser det imidlertid for å være i Selskapets og aksjeeiernes interesse at styret gis nødvendig fleksibilitet til å gjennomføre kapitalforhøyelser med det formål som nevnt ovenfor.

Selskapets vedtekter, styrets forslag til årsregnskap og styrets årsberetning for 2020 samt revisors beretning er tilgjengelige på https://elop.no/investor-relations/annual-

The Board proposes that the General Meeting passes the following resolution:

The Board of Directors shall consist of the following board members:

Øyvind Horpestad, Chairman Lars Nilsen, Board Member Kristian Lundkvist, Board Member Ketil Skaget, Board Member

The Board of Directors is elected for two new years.

ITEM 8: AUTHORISATION TO THE BOARD TO INCREASE THE SHARE CAPITAL IN CONNECTION WITH THE COMPANY'S SHARE OPTION PROGRAM, INVESTMENTS AND ACQUISITIONS

The aggregated remaining amount by which the share capital may be increased under said authorisation granted by the general meeting on 14 January 2021 is NOK 742,528.36, by the issuance of up to 14,850,567 shares.

The Board proposes that the General Meeting grants the Board a new authorisation to increase the Company's share capital in connection with the Company's share option program, investments and acquisitions which shall replace the aforementioned existing authorisation. The Board's proposal involves that the share capital may be increased by up to NOK 2,325,095.35, equivalent to 50% of the share capital, by the issuance of up to 46,501,907 shares.

With respect to matters that should be taken into account when investing in the Company's shares, reference is made to the Company's annual accounts for 2020 and to stock exchange notices made by the Company via www.newsweb.no and on the Company's website.

The proposal involves that the shareholders' preferential rights to subscribe for shares pursuant to section 10-4 of the Norwegian Private Limited Liability Companies Act (the "NPLCA") may be set aside, cf. section 10-5. The Board however considers it to be in the best interest of the Company and its shareholders that the Board is given the necessary flexibility to increase the share capital for the purpose set out above.

The Company's articles of association, the Board's proposal for the annual accounts and the Board' report for 2020, as well as the auditor's report, are available at https://elop.no/investor- general-meeting/ og på Selskapets forretningskontor.

Styret foreslår at generalforsamlingen treffer følgende beslutning:

• 1. Styret gis fullmakt til å forhøye Selskapets aksjekapital med inntil NOK 2 325 095,35, ved utstedelse av inntil 46 501 907 aksjer hver pålydende NOK 0,05, tilsvarende inntil 50% av aksjekapitalen. Fullmakten kan brukes én eller flere ganger. Rammen for denne fullmakten må ses i sammenheng med rammen for fullmakten til å erverve Selskapets egne aksjer, jf. sak under.
• 2. Fullmakten kan benyttes med det formål å oppfylle Selskapets forpliktelser knyttet til Selskapets opsjonsprogram overfor Selskapets eller dets datterselskapers ansatte og styremedlemmer, investeringer og oppkjøp.
• 3. Tegningskurs og øvrige vilkår fastsettes av styret.
• 4. Fullmakten gjelder frem til ordinær generalforsamling i 2022 og bortfaller i ethvert tilfelle 30. juni 2022.
• 5. Aksjeeiernes fortrinnsrett til å tegne aksjer i henhold til aksjeloven § 10-4 kan fravikes, jf. § 10-5.
• 6. Fullmakten omfatter kapitalforhøyelse mot innskudd i andre eiendeler enn penger og rett til å pådra Selskapet særlige plikter, jf. aksjeloven § 10-2 jf. § 10-14.
• 7. Fullmakten omfatter beslutning om fusjon etter aksjeloven § 13-5.
• 8. Med virkning fra tidspunktet for registrering av denne fullmakten i Foretaksregisteret, erstatter denne fullmakten tidligere fullmakt gitt av Selskapets generalforsamling den 14. januar 2021.

SAK 9: STYREFULLMAKT FOR ERVERV AV EGNE AKSJER I FORBINDELSE MED SELSKAPETS OPSJONSPROGRAM, INVESTERINGER OG OPPKJØP

relations/annual-general-meeting/ and at the Company's offices.

The Board proposes that the General Meeting passes the following resolution:

• 1. The Board of Directors is authorised to increase the Company's share capital by up to NOK 2,325,095.35 by issuance of up to 46,501,907 shares each with a par value of NOK 0,05, equivalent to up to 50% of the share capital. The authorisation may be used one or several times. The number of shares to be issued under this authorisation shall be bound up with the number of shares to be acquired under the authorisation to acquire the Company's own shares, cf. item below.
• 2. The authorisation may only be used for the purpose of meeting the Company's obligations arising from the Company's share option program for the employees and board members of the Company or its subsidiaries, investments and acquisitions.
• 3. The subscription price per share and other terms are determined by the Board.
• 4. The authorisation is valid until the annual general meeting in 2022 and will in all cases lapse on 30 June 2022.
• 5. The shareholders' preferential rights to subscribe for shares pursuant to section 10-4 of the NPLCA may be set aside, cf. section 10-5.
• 6. The authorisation includes share capital increases by contribution in kind and a right to inflict special obligations on the Company, cf. section 10-2 cf. section 10- 14 of the NPLCA.
• 7. The authorisation includes resolutions on mergers pursuant to section 13-5 of the NPLCA.
• 8. With effect from the time of registration of this authorisation with the Norwegian Register of Business Enterprises, this authorisation replaces the authorisation granted by the general meeting on 14 January 2021.

ITEM 9: AUTHORISATION TO THE BOARD TO ACQUIRE OWN SHARES IN CONNECTION WITH THE COMPANY'S For å ha fleksibilitet ved oppfyllelse av Selskapets forpliktelser under Selskapets opsjonsprogram og ved investeringer og oppkjøp, jf. sak 8 over, har styret vedtatt å be generalforsamlingen om en fullmakt til erverv av Selskapets egne aksjer.

Styrets forslag innebærer en fullmakt til å erverve Selskapets egne aksjer med samlet pålydende verdi tilsvarende 10% av Selskapets aksjekapital, i forbindelse med Selskapets opsjonsprogram, investeringer og oppkjøp.

Styret foreslår at generalforsamlingen treffer følgende beslutning:

• 1. Styret gis fullmakt til på vegne av Selskapet å erverve Selskapets egne aksjer med samlet pålydende verdi på opp til NOK 465 019, tilsvarende opp til 10% av aksjekapitalen. Fullmakten kan benyttes én eller flere ganger. Rammen for denne fullmakten må ses i sammenheng med rammen for fullmakten til å forhøye Selskapets aksjekapital, jf. sak over.
• 2. Vederlaget per aksje skal ikke være lavere enn NOK 0,05 og skal ikke overstige markedspris per aksje.
• 3. Fullmakten kan kun benyttes med det formål å oppfylle Selskapets forpliktelser knyttet til Selskapets opsjonsprogram overfor Selskapets eller dets datterselskapers ansatte og styremedlemmer og i forbindelse med Selskapets investeringer og oppkjøp.
• 4. Styret står fritt med hensyn til ervervsmåte og form for avhendelse av aksjene.
• 5. Fullmakten gjelder frem til ordinær generalforsamling i 2022 og bortfaller i ethvert tilfelle 30. juni 2022.

SAK 10: OMORGANISERING ITEM 10: REORGANISATION

Styret informerer om at det er påbegynt et arbeid vedrørende en omorganisering av Selskapet og dets datterselskaper. Styret vil

SHARE OPTION PROGRAM, INVESTMENTS AND ACQUISITIONS

In order to have flexibility to fulfil the Company's obligations under the Company's share option program and in connection with investments and acquisitions, cf. item 8 above, the Board has resolved to ask the General Meeting for an authorisation to repurchase the Company's own shares.

The Board's proposal involves that the General Meeting authorises the Board to acquire shares in the Company, with an aggregated par value of 10% of the Company's share capital, in connection with the Company's share option program, investments and acquisitions.

The Board proposes that the General Meeting passes the following resolution:

• 1. On behalf of the Company, the board is authorised to acquire the Company's own shares with an aggregated par value of up to NOK 465,019, equivalent to up to 10% of the share capital. The authorisation may be used one or several times. The number of shares to be acquired under this authorisation shall be bound up with the number of shares to be issued under the authorisation to increase the share capital, cf. item above.
• 2. The consideration per share shall be no less than NOK 0.05 and shall not exceed the market price per share.
• 3. The authorisation may only be used for the purpose of meeting the Company's obligations arising from the Company's share option program for the employees and board members of the Company or its subsidiaries and in connection with the Company's investments and acquisitions.
• 4. The board determines the methods by which own shares can be acquired and disposed of.
• 5. The authorisation is valid until the annual general meeting in 2022 and will in all cases lapse on 30 June 2022.

The Board of Directors informs that work has begun regarding a reorganization of the Company and its subsidiaries. The Board of komme tilbake med mer informasjon på et senere tidspunkt.

* * * * * *

Directors will come back with more information at a later stage.

VEDLEGG/APPENDIX 2: PÅMELDINGS- OG FULLMAKTSSKJEMA/NOTICE OF ATTENDANCE AND PROXY

NOTICE OF ATTENDANCE

The undersigned will attend the Annual General Meeting of ELOP AS on Friday, 21 April 2021 at 09:00 CET and vote for:

	Own shares	Other shares in accordance with enclosed Power of Attorney
A total of	Shares
	This notice of attendance must be received no later than 19 April 2021 at 4 pm CET.
		Attendance is registered by completing and returning this notice of attendance by mail to Nordea Bank Abp, filial i Norge, Issuer Services, Postboks 1166 Sentrum, 0107 Oslo, Norway or e-mail to issuerservices.no@nordea.com.
enterprise, it will be represented by:	If the above-mentioned shareholder is an
		_______ Name of enterprise's representative (To grant a proxy, use the form below)
Place	Date	Shareholder's signature (only if attending personally. To grant a proxy, use the form below
	Shareholder's e-mail address : ________

(required if the shareholder wants to participate by video conference)

PROXY WITHOUT VOTING INSTRUCTIONS

This form is to be used for a proxy without voting instructions. To grant a proxy with voting instructions, see next page.

If you are unable to attend the Annual General Meeting in person, you may grant a proxy to another individual. If such proxy holder is not named, the proxy will be deemed given to the Chair of the Board or a person authorised by the Chair. If the proxy form with voting instructions is not completed, this will be deemed as an instruction to vote "in favour" of the Board of Directors' proposals in the notice of the general meeting; the recommendations by the Nominating Committee and the Board of Directors' recommendations in relation to any proposal received. If proposals are put forward, in addition to or replacing any of the Board's proposals in the notice of the general meeting, the proxy holder determines the voting.

The proxy form must be received no later than 19 April 2021 at 4 pm CET by mail to Nordea Bank Abp, filial i Norge, Issuer Services, Postboks 1166 Sentrum, 0107 Oslo, Norway or e-mail to issuerservices.no@nordea.com.

The undersigned ___________________________ hereby grants (tick one of the two):

the Chair of the Board of Directors (or a person authorised by the Chair), or

_____________________________________________ (Name of proxy holder in capital letters)

a proxy to attend and vote for my/our shares at the Annual General Meeting of ELOP AS on 21 April 2021.

Place Date Shareholder's signature (only if granting a proxy)

With regards to rights of attendance and voting, please refer to the Norwegian Private Limited Liability Companies Act, in particular Chapter 5. When granting a proxy, a written and dated proxy from the shareholding's beneficial owner has to be presented. If the shareholder is a company, the company's certificate of registration must be attached to the proxy.

PROXY WITH VOTING INSTRUCTIONS

This form is to be used for a proxy with voting instructions. If you are unable to attend the Annual General Meeting in person, you may use this proxy form to give proxy and voting instructions to another individual. If such proxy holder is not named, the proxy will be deemed given to the Chair of the Board or a person authorised by the Chair.

The proxy form must be received no later than 19 April 2021 at 4 pm CET by mail to Nordea Bank Abp, filial i Norge, Issuer Services, Postboks 1166 Sentrum, 0107 Oslo, Norway or e-mail to issuerservices.no@nordea.com.

The undersigned: __________________________________

hereby grants (tick one of the two):

the Chair of the Board of Directors (or a person authorised by the Chair), or

___________________________________

Name of proxy holder (in capital letters)

a proxy to attend and vote for my/our shares at the Annual General Meeting of ELOP AS on 21 April 2021.

The votes shall be exercised in accordance with the instructions below. Please note that if any items below are not ticked off, this will be deemed as an instruction to vote "in favour" of the Board of Directors' proposals in the notice of the general meeting; the recommendations by the Nominating Committee and the Board of Directors' recommendations in relation to any proposal received. If any motions are made from the floor in addition to or in replacement of the proposals in the notice, the proxy holder may vote or abstain from voting at his discretion. In such case, the proxy holder will vote on the basis of his reasonable understanding of the motion. If there is any doubt as to how the instructions should be understood, the proxy holder may abstain from voting.

	Agenda Annual General Meeting 21 April 2021	In favour	Against	Abstention
Item 2:	Election of a chairman of the meeting and one person to co-sign the minutes			
Item 3:	Approval of the notice and the proposed agenda			
Item 4:	Approval of the annual accounts and annual report for 2020			
Item 5:	Remuneration to the auditor for 2020			
Item 6:	Remuneration to the members of the Board of Directors for 2020			
Item 7:	Election of members to the Board of Directors:
	Øivind Horpestad, Chair of the Board (re-election)			
	Ketil Melandsø Skaget, Board Member (re-election)			
	Kristian Gjertsen Lundkvist, Board Member (re-election)			
	Lars Nilsen, Board Member (re-election)			
Item 8:	Authorisation to the Board to increase the share capital in connection with the Company's share option program, investments and acquisitions			
Item 9:	Authorisation to the Board to acquire own shares in connection with the Company's share option program, investments and acquisitions			

Place Date Shareholder's signature (only if granting a proxy with voting instructions)

With regards to rights of attendance and voting, please refer to the Norwegian Private Limited Liability Companies Act, in particular Chapter 5. When granting a proxy, a written and dated proxy from the shareholding's beneficial owner has to be presented. If the shareholder is a company, the company's certificate of registration must be attached to the proxy.