REQUESTING SHAREHOLDERS' PROPOSAL FOR NEW BOARD OF DIRECTORS - EXTRAORDINARY GENERAL MEETING ON 20 JAN 2017 AT 1100 CET IN STOCKHOLM

With reference to the notice of EGM announced on 23.12.16, 
the Requesting Shareholders' have notified that their 
proposal for agenda items 7 and 8 are as follows:

Item 7, Determination of the number of directors and deputy 
directors
Requesting Shareholders propose that the Board of Directors 
until the end of the next AGM shall be composed of five 
members and no deputies to be appointed.

Item 8, Election of Directors
Requesting Shareholders propose that current Board members  
are removed and that the Extraordinary General Meeting elect 
the following five directors, who have confirmed their 
willingness to be elected.

Bjørn Erik Næss, Chairman of the Board

Mr. Næss has been the CFO of DNB ASA as of March 2008, and 
will hold this position up to his retirement date on 1 March 
2017. He was previously EVP and CFO in Aker Kværner ASA. 
Prior to this, he held similar positions in Orkla and 
Carlsberg (Denmark). Næss has extensive experience from 
executive positions both in Norway and abroad over the past 
25 years. 

Næss is a graduate of the Norwegian School of Economics and 
Business Administration and has also completed an executive 
program at Darden Business School in the USA. 

Mr. Næss will take up his position as Chairman of Axactor as 
of his retirement date in DNB on March1, 2017.

Brita Eilertsen, Board member

Ms. Eilertsen has more than 15 years of experience from 
investment banking and consulting institutions like Orkla 
Finans, SEB Enskilda and Touch Ross Managements Consultants. 
She is, and has been, member of the board of directors in 
several listed and private companies over the last 12 years. 
Eilertsen holds several board positions, including, among 
others, in Pareto Bank ASA (board member), Next Biometrics 
Group ASA  (chairman),   NRC   Group   ASA   (board member) 
and Carnegie Kapitalforvaltning AS (board member).

Eilertsen holds a Siviløkonom degree from the Norwegian 
School of Economics (NHH). In addition, she is a Certified 
Financial Analyst.

Dag W. R. Strømme, Board Member

Mr. Dag W. R. Strømme is currently Chairman of Racom AS and 
Board member of Fortuna Fix Ltd. He has a background from 
private equity and investment banking. Mr. Strømme was a 
Senior Industry Expert at Triton from 2009 to 2015 and a 
Partner at Herkules Capital AS from 2007 to 2009.  Mr. 
Strømme was at Morgan Stanley from 1990 to 2007 and held 
various senior/management positions in London and New York, 
including the position of Managing Director and Co-Head of 
Nordic Investment Banking from 2002 to 2007. He has held a 
number of directorships, including in Cubility AS, Nordic 
Tankers AB, Aibel AS and Gothia Financial Group AB. 
Mr. Strømme holds a B.S. degree in Business Administration 
from University of California at Berkeley.

Merete Haugli, Board member
 
Merete Haugli has experience as a board member from a number 
of companies, most recently Comrod Communication ASA, Reach 
Subsea ASA , RS Platou ASA, Norwegian Property ASA and Aktiv 
Kapital ASA.. She has held several senior positions, 
including SEB, Formuesforvaltning AS, First Securities ASA 
and ABG Sundal Collier ASA. She was previously  Assistant 
Chief in the Oslo Police, responsible for the economic crime 
section.

She has education from Bankakademiet and Norwegian School of 
Management (BI).

Michael Hylander, Board member

Michael Hylander has been a lawyer for twenty years, 
seventeen of which he has spent in corporate law firms. 
Since joining MAQS in 2004, he has assisted the firm's 
clients with association and contract law matters. Mr. 
Hylander has extensive experience of mergers and 
acquisitions, and other related issues as well as complex 
agreements. He also works an external corporate counsel on a 
Nordic level for a number of multinational companies.

Mr. Hylander has extensive experience as board director/ 
chairman in several companies, and has been a member of 
MAQS' board for five years and its chairman for two years.

He has a Master of Law from Uppsala University (LL.M.), as 
well as a Master from Amsterdam School of International 
Relations.