Zwipe AS — Board/Management Information 2023

Jun 28, 2023

Zwipe AS

Report from the Nomination Committee to the Extraordinary General Meeting, XX July 2023.

Since the Extraordinary General Meeting of Zwipe on 28 January, 2021, the Nomination Committee consists of:

Chairman Lars Windfeldt Member Niclas Eriksson Member Jörgen Lantto (Chairman of the board)

Background:

• The Nominaton Committee originally intended to propose to the AGM that the board would continue to consist of 6 board members. The Nomination Committee has considered that Zwipe's Board would benefit from having a person with direct experience from the Access Control market.
• Unfortunately the search for a person with experience from the Access Control market was not completed in time for the Annual General Meeting held 11 May 2023.
• Because of the above, the Nomination Committee has continued its work after the AGM with the objective of proposing the election of an additional board member if a suitable person could be identified.
• The Nomination Committee has now completed this work and wishes to recommend the election of an additional person as member of the company's Board of Directors.

The Nomination Committee proposes that the Board is increased from 5 persons to 6 persons.

The Nomination Committee proposes that Robert Jansson is elected as new member of the Board with a term starting 10 July 2023 and ending at the AGM in 2025.

Robert Jansson is Director Sales of Northern and East Europe & South Africa with STid Security. He has been working in the field of Identity and Access Management since 1998, with a focus on international RFID reader and credential business. He has experience in printed and logical security as well. He has held various positions throughout their career, including Sales and Export Manager roles at Solid (which was part of the foundation of ASSA ABLOY) and HID Global in the Nordics. As self-employed IAM expert, Robert has worked at Infratek Security Norway and Nexus ID Solutions Sweden before joining STid Security France in 2018 in his current role as Director of Sales for Northern and East Europe, South Africa.

Remuneration:

On 11 May 2023, the Annual General Meeting decided that the annual remuneration for a member of the Board would be 130,000 NOK. The Nomination Committee proposes that Robert Jansson receives the same 130,000 NOK for the period until the AGM in 2024 as the other members of the Board, despite the fact that his term starts on July 10 instead of May 11.

The total annual compensation for the Board is thus 910,000 NOK.