Kid ASA

AGM Information • May 12, 2022

KID ASA

In case of discrepancies between the Norwegian text and the English translation, the Norwegian text shall prevail.

Protokoll fra ordinær generalforsamling			Minutes of annual general meeting
Det ble avholdt ordinær generalforsamling i Kid ASA, org. nr. 988 384 135 ("Selskapet") torsdag den 12. mai 2022 elektronisk.		The annual general meeting of Kid ASA, org. no. 988 384 135 (the "Company") was held on Thursday 12 May 2022 electronically.
	Oversikt over representerte aksjonærer følger vedlagt protokollen.		A record of shareholders represented at the meeting is attached to these minutes.
Hansen.	Møtet ble åpnet av styrets leder Petter Schouw-		The meeting was opened by the chairman of the board Petter Schouw-Hansen.
	Dagsorden:	Agenda:
1.	Valg av møteleder og en person til å medundertegne protokollen	1.	Election of a chairperson and a person to co-sign the minutes
	Petter Schouw-Hansen ble valgt som møteleder og Eystein Lund ble valgt til å medundertegne protokollen sammen med møteleder.		Petter Schouw-Hansen was elected as chairperson, and Eystein Lund was elected to co-sign the minutes along with the chairperson.
2.	Godkjennelse innkallingen av og dagsorden	2.	Approval of the notice and the agenda
	Innkallingen og dagsorden ble godkjent.		The notice and the agenda were approved.
3.	Godkjenning av årsregnskap og styrets årsberetning for Kid ASA og konsernet for 2021, herunder disponering av årets resultat, samt behandling av redegjørelse om foretaksstyring	3.	Approval of the annual accounts and directors' report of Kid ASA and the group for 2021, including allocation of the result of the year, as well as consideration of the statement on corporate governance
	henhold til styrets forslag traff L generalforsamlingen følgende vedtak:		In accordance with the proposal of the board of directors, the general meeting passed the following resolution:
	Årsregnskapet og årsberetningen for 2021 godkjennes.		The annual accounts and the directors' report for 2021 are approved.
	Det foreslåtte utbyttet på NOK 4.00 per aksje godkjennes.		The proposed dividend of NOK 4.00 per share is approved.
4.	Fullmakt til å beslutte utdeling av utbytte	4.	Authority to approve the distribution of dividends
	henhold styrets forslag traff L til generalforsamlingen følgende vedtak:		In accordance with the proposal of the board of directors, the general meeting passed the following resolution:
	Styret gis i henhold til allmennaksjeloven §		board of directors is The authorized

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Kid ASA | Gilhusveien 1, 3426 Gullaug | Postboks 505, 3412 Lierstranda | Tel.: 940 26 000 Organisasjonsnummer 988384135 MVA | e-post: admin@kid.no | www.kid.no

Kio

8-2 (2) fullmakt til å beslutte utdeling av utbytte på grunnlag av Selskapets årsregnskap for 2021. Fullmakten kan utøves én gang.

Fullmakten gjelder frem til ordinær generalforsamling i 2023.

5.

6.

7.

1. Fastsettelse av honorar til stvrets medlemmer

Generalforsamlingen vedtok at styrets honorar for perioden mai 2021 til ordinær generalforsamling i 2022 skal være som følger:

Styreleder: NOK 500.000 Styremedlem: NOK 365.000 NOK 14.000 Tillegg medlem av revisjonsutvalg: per møte

• 1. Godkiennelse av honorar til Selskapets revisor Generalforsamlingen godkjente honoraret til Selskapets revisor.
• 1. Valg av medlemmer til styret

Generalforsamlingen gjenvalgte Liv Berstad som styremedlem for en periode på to år.

Generalforsamlingen gjenvalgte Gyrid Skalleberg Ingerø som styremedlem for en periode på to år.

Generalforsamlingen valgte Espen Gundersen som styremedlem for en periode på to år.

1. Valg av medlemmer til valgkomité

Generalforsamlingen gjenvalgte Sten-Arthur Sælør som leder av valgkomiteen for en periode på to år.

Generalforsamlingen gjenvalgte Geir Moe som medlem av valgkomiteen for en periode på to år.

Fastsettelse 9. $av$ honorar til valgpursuant to the Public Limited Companies Act $\S$ 8-2 (2) to approve the distribution of dividends based on the Company's annual accounts for 2021. The authority may be used one time.

The authority shall remain in force until the annual general meeting in 2023.

Determination of the remuneration of the members of the board of directors

The general meeting resolved that the remuneration of the board of directors for the period from May 2021 to the annual general meeting in 2022 shall be as follows:

Chairman:	NOK 500,000
Board member:	NOK 365,000
Additional fee to member of the audit committee:	NOK 14,000 per meeting

Approval of the remuneration of the Company's auditor

The general meeting approved the remuneration of the Company's auditor.

Election of members to the board of directors

The general meeting re-elected Liv Berstad as member of the board for a period of two years

The general meeting re-elected Gyrid Skalleberg Ingerø as member of the board for a period of two years.

The general meeting elected Espen Gundersen as member of the board for a period of two years.

8. Election of members to the nomination committee

The general meeting re-elected Sten-Arthur Sælør as chair of the nomination committee for a period of two years

The general meeting re-elected Geir Moe as member of the nomination committee for a period of two years

1. Determination of the remuneration of members the of the nomination

Kid ASA | Gilhusveien 1, 3426 Gullaug | Postboks 505, 3412 Lierstranda | Tel.: 940 26 000 Organisasjonsnummer 988384135 MVA | e-post: admin@kid.no | www.kid.no

Kid

	komitéens medlemmer			committee
	Generalforsamlingen valgkomiteens honorar for perioden fra mai 2021 til ordinær generalforsamling i 2022 skal være følgende:	vedtok at		follows:	The general meeting resolved that the remuneration of the nomination committee for the period from May 2021 to the annual general meeting in 2022 shall be as
	Leder:	NOK: 40.000		Chair:	NOK 40.000
	Medlem:	NOK: 40.000		Member:	NOK: 40.000
10.	Rapport om lønn og annen godtgjørelse til ledende personer			Report for remuneration to senior executives
	tråd med allmennaksjeloven §§ 6-16b, og i henhold til styrets forslag traff generalforsamlingen følgende vedtak:	bestemmelsene		In line with the requirements in the Public Limited Companies Act §§ 6-16b, and in accordance with the proposal of the board of directors, the general meeting passed the following resolution:
	Generalforsamlingen gir sin tilslutning til rapport om lønn og annen godtgjørelse til ledende personer for 2021.			2021.	The general meeting endorses the report for remuneration to senior executives for
11.	Styrefullmakt til kapitalforhøyelse		11.	Board authorisation to increase the share capital
	henhold styrets til generalforsamlingen følgende vedtak:	traff forslag		board of directors, the general meeting	In accordance with the proposal of the
				passed the following resolution:
	Styret gis i henhold til allmennaksjeloven § 10-14 (1) fullmakt til å forhøye Selskapets aksjekapital med inntil NOK 4.877.419. Innenfor denne samlede beløpsrammen kan fullmakten benyttes flere ganger.			more than one occasion.	The board of directors is authorized pursuant to the Public Limited Companies Act $§$ 10-14 (1) to increase the Company's share capital by up to NOK 4,877,419. Subject to this aggregate amount limitation, the authority may be used on
	Fullmakten kan bare benyttes til å utstede aksjer som vederlag og til innhenting av ny egenkapital finansiering.	for å styrke Selskapets		equity in order to Company's financing.	The authority may only be used to issue shares as consideration and to raise new strengthen the
	Fullmakten gjelder frem generalforsamling i 2023, dog senest til 30. juni 2023.	ordinær til		event later than 30 June 2023.	The authority shall remain in force until the annual general meeting in 2023, but in no
	Aksjeeiernes allmennaksjeloven § 10-4 kan fravikes.	fortrinnsrett etter		Companies Act may be set aside.	The pre-emptive rights of the shareholders under § 10-4 of the Public Limited

Kid ASA | Gilhusveien 1, 3426 Gullaug | Postboks 505, 3412 Lierstranda | Tel.: 940 26 000
Organisasjonsnummer 988384135 MVA | e-post: admin@kid.no | www.kid.no

Kio

eiendeler enn penger. Fullmakten omfatter contributions other than in cash. The rett til å pådra selskapet særlige plikter, jf. authority covers the right to incur special allmennaksjeloven § 10-2. Fullmakten obligations for the Company, ref. § 10-2 of omfatter beslutning om fusjon etter the Public Limited Companies Act. The allmennaksjeloven § 13-5. authority covers resolutions on mergers in accordance with § 13-5 of the Public Limited Companies Act. $12.$ Styrefullmakt til erverv av Selskapets $12.$ Board authorisation for the acquisition egne aksjer of the Company's own shares I henhold til styrets forslag traff In accordance with the proposal of the board of directors, the general meeting generalforsamlingen følgende vedtak: passed the following resolution: Styret gis i henhold til allmennaksjeloven § The board of directors is authorised 9-4 fullmakt til på vegne av Selskapet å pursuant to the Public Limited Liability erverve aksjer i Selskapet ("egne aksjer") Companies Act $\S$ 9-4 to acquire shares in med en samlet pålydende verdi på inntil the Company ("own shares") on behalf of NOK 4.877.419. the Company with an aggregate nominal value of up to 4,877,419. Ved erverv av egne aksjer kan det ikke When acquiring shares the own betales et vederlag pr. aksje som er consideration per share may not be less mindre enn NOK 70 eller som overstiger than NOK 70 and may not exceed NOK NOK 150. 150. Styret fastsetter på hvilke måter egne The board of directors determines the aksjer kan erverves eller avhendes. methods by which own shares can be acquired or disposed of. Fullmakten gjelder frem til ordinær The authority shall remain in force until the generalforsamling i 2023, dog senest til 30. annual general meeting in 2023, but in no juni 2023. event later than 30 June 2023. Da det ikke var flere saker på dagsorden, ble As there were no further matters on the agenda

Oversikt over stemmegivning på de enkelte punktene er vedlagt protokollen.

møtet avsluttet.

An overview over the voting results on each item is attached to the minutes.

the meeting was adjourned.

Petter Schouw-Hansen

Evstein Lund

Kid ASA | Gilhusveien 1, 3426 Gullaug | Postboks 505, 3412 Lierstranda | Tel.: 940 26 000 Organisasjonsnummer 988384135 MVA | e-post: admin@kid.no | www.kid.no

Total Represented

ISIN:	NO0010743545 KID ASA
General meeting date: 12/05/2022 14.00
Today:	12.05.2022

Number of persons with voting rights represented/attended: 1

	Number of shares	$%$ sc
Total shares	40,645,162
- own shares of the company	0
Total shares with voting rights	40,645,162
Represented by advance vote	7,302,123	17.97 %
Sum own shares	7,302,123	17.97 %
Represented by proxy	1,596,783	3.93%
Represented by voting instruction	12,597,037	30.99 %
Sum proxy shares	14,193,820	34.92 %
Total represented with voting rights	21,495,943	52.89%
Total represented by share capital	21,495,943	52.89 %

Registrar for the company:

Signature company:

NORDEA BANK ABP, FILIAL NORGE KID ASA

Protocol for general meeting KID ASA

ISIN:	NO0010743545 KID ASA
General meeting date: 12/05/2022 14:00
Today:	12.05.2022

Shares class	FOR	Against	Poll in			Abstain Poll not registered Represented shares with voting rights
Agenda item 1 Election of a chairperson and a person to co-sign the minutes
Ordinær	21,495,933	0	21,495,933	10	$\mathbf 0$	21,495,943
votes cast in %	100.00 %	0.00%		0.00%
representation of sc in %	100.00 %	0.00%	100.00 %	0.00%	0.00 %
total sc in %	52.89 %	0.00%	52.89%	0.00%	$0.00 \%$
Total	21,495,933		0 21,495,933	10	0	21,495,943
Agenda item 2 Approval of the notice and the agenda
Ordinær	21,495,943	0	21,495,943	0	0	21,495,943
votes cast in %	100.00 %	0.00 %		0.00%
representation of sc in %	100.00 %	0.00 %	100.00 %	0.00%	0.00%
total sc in %	52.89 %	0.00%	52.89%	0.00 %	$0.00 \%$
Total	21,495,943		0 21,495,943	o	$\bf{o}$	21,495,943
Agenda item 3 Approval of the annual accounts and directors' report of Kid ASA and the group for 2021,
including allocation of the result of the year, as
Ordinær	21,495,929	0	21,495,929	14	0	21,495,943
votes cast in %	100.00 %	0.00%		0.00%
representation of sc in %	100.00 %	0.00 %	100.00 %	0.00%	0.00%
total sc in %	52.89%	0.00%	52.89%	0.00%	0.00%
Total	21,495,929		0 21,495,929	14	o	21,495,943
Agenda item 4 Authority to approve the distribution of dividends
Ordinær	21,495,933	0	21,495,933	10	0	21,495,943
votes cast in %	100.00 %	0.00%		0.00%
representation of sc in %	100.00 %	0.00 %	100.00 %	0.00%	0.00%
total sc in %	52.89%	0.00%	52.89%	0.00%	0.00%
Total	21,495,933		0 21,495,933	10	o	21,495,943
Agenda item 5 Determination of the remuneration of the members of the board of directors
Ordinær	21,493,447	0	21,493,447	2,496	0	21,495,943
votes cast in %	100,00 %	0.00%		0.00%
representation of sc in %	99.99 %	0.00%	99.99 %	0.01%	0.00%
total sc in %	52.88%	0.00%	52.88 %	0.01%	0.00 %
Total	21,493,447	0	21,493,447	2,496	0	21,495,943
Agenda item 6 Approval of the remuneration of the Company's auditor
Ordinær	21,493,447	0	21,493,447	2,496	o	21,495,943
votes cast in %	100.00 %	0.00%		$0.00 \%$
representation of sc in %	99.99 %	0.00%	99.99%	0.01%	0.00%
total sc in %	52.88%	0.00%	52.88%	0.01%	$0.00 \%$
Total	21,493,447		0 21,493,447	2,496	0	21,495,943
Agenda item 7 Election of members to the board of directors - the proposal from the Nomination Committee as
a whole
Ordinær	21,493,441	6	21,493,447	2,496	0	21,495,943
votes cast in %	100.00 %	0.00%		0.00%
representation of sc in %	99.99 %	$0.00 \%$	99.99 %	0.01%	$0.00 \%$
total sc in %	52.88%	0.00 %	52.88%	0.01%	$0.00 \%$
Total	21,493,441		6 21,493,447	2,496	0	21,495,943
Agenda item 7.1 Liv Berstad
Ordinær	21,493,447	0	21,493,447	2,496	0	21,495,943
votes cast in %	100.00 %	$0.00 \%$		$0.00 \%$
representation of sc in %	99.99 %	$0.00 \%$	99.99%	0.01%	$0.00 \%$
total sc in %	52.88%	$0.00 \%$	52.88%	0.01%	0.00%
Total	21,493,447	$\mathbf{0}$	21,493,447	2,496	0	21,495,943
Agenda item 7.2 Gyrid Skalleberg Ingerø
Ordinær	21,493,447	0	21,493,447	2,496	0	21,495,943
votes cast in %	100.00 %	$0.00 \%$		$0.00 \%$
representation of sc in %	99.99%	0.00 %	99.99 %	0.01%	$0.00 \%$
total sc in %	52.88%	0.00%	52.88%	0.01%	0.00 %
Total	21,493,447		021,493,447	2,496	0	21,495,943
Ananda itam 7.7 Cenan Cundawan

Agenda item 7.3 Espen Gundersen

Shares class	FOR	Against	Poll in	Abstain		Poll not registered Represented shares with voting rights
Ordinær	21,493,441	0	21,493,441	2,502	0	21,495,943
votes cast in %	100.00 %	0.00%		0.00%
representation of sc in %	99.99 %	0.00%	99.99 %	0.01%	0.00%
total sc in %	52.88 %	0.00%	52.88 %	0.01%	0.00%
Total	21,493,441		$0$ 21,493,441	2,502	o	21,495,943
Agenda item 8 Election of members to the nomination committee - the proposal from the Nomination
Committee as a whole
Ordinær	21,494,075	1,791	21,495,866	77	$\bf{0}$	21,495,943
votes cast in %	99.99 %	0.01%		0.00%
representation of sc in %	99.99 %	0.01 %	100.00 %	0.00%	0.00%
total sc in %	52,88 %	0.00%	52.89 %	0.00%	0.00%
Total	21,494,075	1,791	21,495,866	77	0	21,495,943
Agenda item 8.1 Sten-Arthur Sælør
Ordinær	21,494,975	891	21,495,866	77	$\mathbf 0$	21,495,943
votes cast in %	100.00 %	0.00%		0.00%
representation of sc in %	100.00 %	0.00%	100.00 %	0.00%	0.00%
total sc in %	52.88 %	0.00%	52.89 %	0.00%	0.00%
Total	21,494,975	891	21,495,866	77	o	21,495,943
Agenda item 8.2 Geir Moe
Ordinær	21,494,975	891	21,495,866	77	$\bf{0}$	21,495,943
votes cast in %	100.00 %	0.00%		0.00%
representation of sc in %	100.00 %	0.00%	100.00 %	0.00%	0.00 %
total sc in %	52.88 %	0.00%	52.89 %	0.00%	0.00%
Total	21,494,975	891	21,495,866	77	$\bf o$	21,495,943
Agenda item 9 Determination of the remuneration of the members of the nomination committee
Ordinær	21,492,988	0	21,492,988	2,955	$\mathbf 0$	21,495,943
votes cast in %	100.00 %	0.00%		0.00%
representation of sc in %	99.99 %	0.00%	99.99 %	0.01%	$0.00 \%$
total sc in %	52.88 %	0.00%	52.88 %	0.01%	0.00%
Total	21,492,988	0	21,492,988	2,955	o	21,495,943
Agenda item 10 Report for remuneration to senior executives
Ordinær	12,496,930	8,996,058	21,492,988	2,955	0	21,495,943
votes cast in %	58.14 %	41.86 %		0.00%
representation of sc in %	58.14 %	41.85 %	99.99 %	0.01%	0.00%
total sc in %	30.75 %	22.13%	52.88 %	0.01%	0.00%
Total			12,496,930 8,996,058 21,492,988	2,955	$\bf{0}$	21,495,943
Agenda item 11 Board authorisation to increase the share capital
Ordinær	21,495,406	471	21,495,877	66	0	21,495,943
votes cast in %	100.00 %	0.00%		0.00 %
representation of sc in %	100.00 %	$0.00 \%$	100.00 %	0.00%	$0.00 \%$
total sc in %	52.89 %	0.00%	52.89 %	0.00%	0.00%
Total	21,495,406		471 21,495,877	66	0	21,495,943
Agenda item 12 Board authorisation for the acquisition of the Company's own shares
Ordinær 21,495,927 21,495,927 0 0 16 21,495,943
votes cast in %	100.00 %	0.00%		0.00%
representation of sc in %	100.00 %	0.00%	100.00 %	0.00%	0.00%
total sc in %	52.89 %	0.00%	52.89 %	0.00%	0.00%
Total	21,495,927		0 21,495,927	16	o	21,495,943

Registrar for the company:

Signature company:

NORDEA BANK ABP, FILIAL NORGE KID ASA

Share information

Name	Total number of shares Nominal value Share capital Voting rights
Ordinær	40,645,162	1.20 48,774,194.40 Yes
Sum:

§ 5-17 Generally majority requirement
requires majority of the given votes

§ 5-18 Amendment to resolution
Requires two-thirds majority of the given votes
like the issued share capital represented/attended on the general meeting