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tal impact. The Group conducts limited production. The Group monitors operations and environmental risks through its sustainability reporting and all companies comply with the Group’s Code of Conduct. [...] in the Group’s own operations or those of its suppliers would have a negative impact on the Group’s reputation among employees, customers and other stakeholders and influence demand for the Group’s products [...] net investments in foreign currencies. The Group is also exposed to financial risk, that is, the risk that financing of the Group’s capital requirements is made more difficult or expensive. Interest rate

Norges Bank Investment Management 6 592 643 2.4 1.7 AMF Pension & Fonder 5 760 148 2.1 1.5 Capital Group 5 687 536 2.1 1.5 Cliens Fonder 5 370 000 2.0 1.4 ODIN Fonder 4 675 769 1.7 1.2 Spiltan Fonder 4 564 [...] 380 1.7 1.2 Total 15 biggest owners 12 244 608 109 723 276 44.7 59.7 Source: Monitor by Modular Finance The above figures are based on total number of shares (including treasury shares).

. Our companies are free to run and develop their own operations, as long as they deliver on our Group-wide targets. The targets are based on generating growth combined with profitability. Profitable growth [...] ongoing development of the operations and the organisation. Profit growth > 15% Growth within the Group is measured as profit growth and must amount to at least 15 percent annually, seen over a business [...] capital tied up, which, combined with a growth target of 15 percent, provides the opportunity for self-financed profitable growth over the long term. Sustainable development To achieve our vision and overarching