In general, Investment AB Kinnevik ("Kinnevik") is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting.

Under ITEMS 13a-13g, the (re-)election of the board of directors is proposed.

In view of concerns over aggregate time commitments, ECGS recommends to vote OPPOSE to the (re-)election of: Mr. Henrik Poulsen (ITEM 13e).

Under ITEM 16a the board of directors seeks approval of a LT incentive plan. ECGS notes that it is proposed to cover the Company's obligations under the Plan by creating 3 new share series (C1, C2 and D). As a matter of principle, ECGS believes that a company's share structure should be clear, comprehensible and not unnecessarily complicated. The latter objective is certainly not achieved in this respect. ECGS furthermore notes that all new series of shares (see above) will have voting rights (1 vote per share). As a consequence, ECGS is uncertain about the exercise of the voting rights during that period of time. Based on the above, ECGS does NOT approve of the method of securing the Company's obligations under the Plan and strongly favours the use of repurchased own shares in this respect. Accordingly, ECGS recommends to vote OPPOSE.

ITEMS 16b-16e are considered to be enabling resolutions of the LTIP under ITEM 16a above. Hence, ECGS recommends to vote OPPOSE.

Finally, ITEMS 20a-20e are proposals made by shareholders. ECGS recommends to vote FOR ITEMS 20a, 20b and 20e, but does not support ITEMS 20c and 20d.