RECOMMENDATION FROM THE NOMINATION COMMITTEE TO VOTE “NO” TO SAND GROVE’S PROPOSAL
We refer to Sand Grove Capital Management LLP’s (“Sand Grove”) proposal to replace the Chairman of the Nomination Committee before the expiration of his term at the extraordinary general meeting it has requested on 15 January 2021. The Committee does not support this proposal. The Nomination Committee is of the opinion that the company’s largest shareholder, Sand Grove, should as a principle be represented in the Nomination Committee. As a result, the current chairman of the Committee has several times, both before and after Sand Grove’s failed extraordinary general meeting in September,