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Alfa Laval AB

At the Alfa Laval annual general meeting, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 15 for the following reasons:

Item 15: Resolution on guidelines for compensation to senior management

Rationale:
Folketrygdfondet’s decision to vote against this item is based on a cumulative assessment of the following elements. Limited information is provided on the bonus plan and the company does not explain the significant increase in CEO compensation over the past year.