Kitron — AGM Information 2014

Feb 21, 2014

KITRON ASA MINUTES FROM EXTRAORDINARY GENERAL MEETING

An Extraordinary General Meeting in Kitron ASA ("the Company") was held on 21 February 2014 at 13:00 CET at the premises of Advokatfirmaet Selmer DA at Tiuvholmen allé 1, 0252 Oslo, Norway.

The meeting was opened by Nils Kristian Einstabland, by appointment of the board.

A total of 90.688.427 shares were represented at the Extraordinary General Meeting. constituting approximately 52.43 % of the share capital. The record of shareholders present. personal and by proxy, is set out in Appendix 1.

The following matters were on the agenda:

$\blacksquare$ Election of Chairman of the meeting

Nils Kristian Einstabland was unanimously elected chairman of the meeting.

$\overline{2}$ Approval of the notice and agenda

The notice and agenda were unanimously approved by the General Meeting.

$\overline{\mathbf{3}}$ Election of person to co-sian the minutes

Hans-Jørgen Wibstad was unanimously elected to co-sign the minutes.

$\overline{\mathbf{4}}$ Election of board members

The proposal from the nomination committee was presented to the General Meeting. In accordance with the proposal, the General Meeting made the following unanimous resolution:

"Tuomo Lähdesmäki, Arne Solberg and Martynas Cesnavicius are elected until the ordinary General Meeting in 2016 and Siri B. Hatlen and Päivi Marttila are elected until the ordinary General Meeting in 2015.

After the election the board of directors in the Company are made up by the following persons:

• Tuomo I ähdesmäki
• Arne Solberg
• Martynas Cesnavicius
• Siri B. Hatlen
• Päivi Marttila
• Bjørn M. Gottschlich
• May Britt Gundersen
• Liv E. Johansen $\sim$
• Geir Vedøv."

The resolutions were unanimous.

There were no other matters on the agenda, and the meeting was declared adjourned.

$***$

Toleled

Nils Kristian Einstabland

Hans-Jørgen Wibstad