Votes at the 2016 AGM

As illustrated in Exhibit 18, the Board’s proposals to shareholders at the 2016 AGM will relate to Board compensation for the 2016-2017 term of office and EC compensation for the calendar year 2017. There will also be a non-binding vote on the 2015 Compensation report.

Exhibit 18: Shareholders will have three separate votes on compensation at the 2016 AGM
Votes at the 2016 AGM – Shareholders will have three separate votes on compensation at the 2016 AGM (graphic)Votes at the 2016 AGM – Shareholders will have three separate votes on compensation at the 2016 AGM (graphic)

At the 2016 AGM there will be separate binding votes on maximum aggregate Board and EC compensation, and a non-binding vote on the 2015 Compensation report.