Remuneration

Remuneration to the Board of directors

At the Annual General Meeting held 27 August 2008, it was decided that remuneration for the time until the end of the next Annual General Meeting is to be paid by in total 925 000SEK divided in 300,000 to the chairman of the Board and by SEK 175,000 to each of the Board members elected by the general meeting and not employed by the Company. The remuneration for the Board's employee representatives is 25.000 SEK each.

Remuneration to Management

The Annual General Meeting held 27 August 2008 resolved on guidelines for the levels of remuneration to management employees. The remuneration to the management shall - from the market where the company is operating and the environment the managers are operting in - be competetive and make it possible to recruit new managing people and motivate managers to stay in the company. The renumeration consists in a combination of fixed salary and pension, but can also comprise variable salary, and benefits like company car. Fixed salasry and benefits are individually decided after above mentioned and competence. Thevariable salary is set based on achieved results andindividual targets. In 2007/08 the Company’s Managing Director and Chief Executive Officer, Gerald Engström, received a fixed salary of SEK 1.8 million. The total sum of compensation to other GroupManagers, the Finance Director Glen Nilsson, the Manufacturing Director Mats Lund, the Marketing Director Svein Nilsen and Purchasing Director Peter Olofsson, amounted in 2007/08 to SEK 4,2 million.

Glen Nilsson and Svein Nilsen have free company cars.