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Atlas Copco AB

At the Atlas Copco annual general meeting, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against items 12(a) and (b), and 13(a) and (c) for the following reasons:

Items 12(a) and (b): The Board’s proposals regarding guiding principles for the remuneration of senior executives

Rationale:
Folketrygdfondet’s decision to vote against items 12(a) and (b) is based on a cumulative assessment of the following elements. The plan does not disclose the criteria for awards under the short-term and long-term incentive programs and the performance period is only a single year.

Items 13(a) and (c): The Board’s proposals regarding mandates to (a) acquire series A shares related to personnel option plan for 2019 and (c) transfer series A shares related to personnel option plan for 2019 

Rationale: 
Folketrygdfondet voted against these items, consistent with our voting under items 12(a) and (b).
 

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