The Company

Nomination Committee

The Nomination Committee is formed in accordance with the Company’s Nomination Committee Process, which the shareholders approved at the 2014 AGM as applicable for all future AGMs, until a change is proposed by a Nomination Committee. According to the Process, the Company shall invite four of the larger shareholders of the Company based on shareholdings as per 1 August each year to form the Nomination Committee, however, the members are, regardless of how they are appointed, required to promote the interests of all shareholders of the Company.

The tasks of the Nomination Committee include making recommendations to the AGM regarding the election of the Chairman of the AGM, election of Board members and the Chairman of the Board, remuneration of the Chairman and other Board members, including remuneration for Board Committee work, election of the statutory auditor and remuneration of the statutory auditor. Shareholders may also submit proposals to the Nomination Committee by e-mail to nomcom@lundin-petroleum.com.

Nomination Committee for the 2019 AGM
In accordance with the Nomination Committee Process, the Nomination Committee for the 2019 AGM consists of members appointed by four of the larger shareholders of the Company based on shareholdings as per 1 August 2018. The names of the members were announced and posted on the Company’s website on 3 September 2018, i.e. within the timeframe of six months before the AGM as prescribed by the Code of Governance. An update to the composition of the Nomination Committee was posted on the Company website on 10 January 2019, notifying that the Nomination Committee now consists of three members.

The Nomination Committee for the 2019 AGM consists of Hans Ek (representing SEB Investment Management AB with a shareholding of 0.6%), Ian H. Lundin (representing Nemesia S.à.r.l and Landor Participations Inc. with an aggregate shareholding of 27.7%, also non-executive Chairman of the Board of Lundin Petroleum AB) and Filippa Gerstädt (representing Nordea Funds with a shareholding of 1.0%).1 Åsa Nisell (represented Swedbank Robur Fonder with a shareholding of 1.3%) was a member of the Nomination Committee but stepped down beginning of January 2019 as Swedbank Robur Fonder is no longer a larger shareholder of the Company.

Nomination Committee for the 2018 AGM
In accordance with the Nomination Committee Process, the Nomination Committee for the 2018 AGM consists of members appointed by four of the larger shareholders of the Company based on shareholdings as per 1 August 2017. The names of the members were announced and posted on the Company’s website on 10 October 2017, i.e. within the timeframe of six months before the AGM as prescribed by the Code of Governance.

MemberAppointed byMeeting attendanceShares represented at
1 Aug 2018
Shares represented at
31 Dec 2018
Independent of the Company and Group managementIndependent of the Company’s major shareholders
Hans EkSEB Investment Management AB
3//30.6%0.5%YesYes
Filippa Gerstädt
Nordea Funds
3//31.0%1.0%YesYes
Åsa NisellSwedbank Robur Fonder2//221.3%0.5%YesYes
Ian H. LundinNemesia S.à.r.l and non-executive Chairman of the Board of Lundin Petroleum3//327.7%28.1%YesNo3
 Total Total 30.6%Total 30.0% (rounded)

1 Shareholdings as at 31 July 2018.

2 Åsa Nisell was a member of the Nomination Committee until 9 January 2019 but stepped down as a result of Swedbank Robur Fonder no longer being a larger shareholder of the Company.

3 see Corporate Governance Report 2018.

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