Neles Corporation

At the October 29th, 2020 Neles extraordinary general meeting, Folketrygdfondet, manager of the Government Pension Fund Norway, voted for the shareholder resolution in item six for the following reasons:

Item 6: Election of a new member to the Board of Directors

In Folketrygdfondet’s view, it is natural for a shareholder owning over 25% of outstanding equity
to seek board representation. We have therefore voted for item six.