Peab AB

At the Peab AB general meeting, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 19 for the following reasons:

Item 19: Establishment of a Remuneration Policy

Folketrygdfondet’s decision to vote against the remuneration policy is based primarily on a lack of disclosure regarding central elements of the long-term incentive program. We note in addition that the LTIP includes a relatively short performance period.