The Board and its work

Ando Wikström
Chairman of the Board

Elected to the Board: February 2024

Born: 1964

Experience: Ando has over 30 years’ experience in the property sector, having held various finance and accounting roles, primarily in listed companies. Ando also has experience of board positions in Swedish and international companies, including regulated entities such as fund managers and banks within the Catella Group.

Education: Master of Science in Business and Economics, Stockholm University.

Other appointments: Advisor to Birger Bostad AB, including board appointments within the Birger Bostad Group. Board member of Amaron Holding AB, Nordkronan Finans AB, Brf Rådjuret nr 6 and his own investment and advisory companies, as well as a few other minor board appointments.

Shareholding in Binero Group: 615 829 via companies

Option holdings in Binero Group: No

Independent of the Company and its senior executives: Yes

Independent of the Company and its senior executives: Yes

Malcolm Lindblom
Board member
Responsible for Mergers and Acquisitions

Elected to the Board: February 2024.

Born: 1963

Experience: Entrepreneur. Malcom founded Infrateq Group in 2021, which is part of the merger of companies that now form Binero. Malcolm also founded Hoist Group AB in 1994.

Education: Self-taught

Other assignments: Infrateq Group AB, Tiliaflore Holding AB, Tiliaflore AB.

Shareholding in Binero Group: 70 873 114 shares

Option holdings in Binero Group: No

Independent of the Company and its senior executives: No

Independent of major shareholders: No

Jonas Lundberg
Member of the Board

Elected to the Board: February 2024

Born: 1973

Experience: Jonas has extensive experience from the banking and finance sector. Jonas was previously Global Head of Trading at SEB, where he was also responsible for major IT projects and IT procurement.

Education: CASS Business School London, England

Other roles: Runs his own business, Hameau AB, specialising in management consulting. Chairman of the Board of Svenska Aerogel Holding AB (publ) and QCMTEC Europe AB.

Shareholding in Binero Group: 299,116 shares

Option holdings in Binero Group: No

Independent of the Company and its senior executives: Yes

Independent of the Company and its senior executives: Yes

Tomas Hallberg
Member of the Board

Elected to the Board: February 2024

Born: 1965

Experience: Entrepreneur, consultant and investor specialising in IT management, technology and internet-based platforms. Owner of Claymountain Venture AB.

Education: Corporate Innovation – Stanford University, board training – Stockholm School of Economics, Swedish Naval Academy.

Other assignments: Stockholm Lighting AB

Shareholding in Binero Group: 615,829 shares

Option holdings in Binero Group: No

Independent of the Company and its senior executives: Yes

Independent of the Company and its senior executives: Yes

Jonas Feist
Member of the Board

Elected to the Board: 2022

Born: 1960

Experience: Jonas has 30 years of experience in the IT industry, including 20 years as an entrepreneur. He started the open source company Redbridge in 2003.

Education: Master of Science in Computer Science from Linköping University, Linköping University of Technology.

Other assignments: Open Source Sweden

Aktieinnehav i Binero Group: 3 074 227

Option holdings in Binero Group: No

Independent of the Company and its senior executives: No

Independent of the Company and its senior executives: Yes

Frode Kristian Danielsen
Member of the Board

Elected to the Board: May 2025

Born: 1966

Experience: Frode is a chartered accountant with a background as a partner at PwC and as the partner in charge at BDO in Tromsø. He has extensive experience in auditing, consultancy and leadership. He currently serves as chairman of the board, a board member and an advisor to several companies.

Education: Studied economics and accounting at UiT The Arctic University of Norway and the Norwegian School of Economics. Also holds a qualification in sustainable management from Innlandet University College.

Other roles: Head of Transaction Services at TheVIT AS; Chair, board member and strategic advisor to several companies, including Binero Tromsø AS, Yeti Move AS, Nor-El AS, Frifor AS and others.

Shareholding in Binero Group: 342,410 shares.

Option holdings in Binero Group: No

Independent of the Company and its senior executives: Yes

Independent of the Company and its senior executives: Yes

The Board's rules of procedure

The company must comply with the provisions of the Swedish Companies Act regarding corporate governance. The Board of Directors of Binero has therefore established rules of procedure for its work, instructions regarding the division of duties between the Board and the CEO, which deal with the latter's duties and reporting obligations, and has established instructions for financial reporting. The rules of procedure are reviewed annually.

The Board of Directors holds regular meetings in accordance with a schedule set out in the rules of procedure, which includes fixed agenda items and items to be discussed as necessary. At its regular meetings, the Board of Directors dealt with the fixed agenda items for each Board meeting in accordance with the Board's rules of procedure, such as liquidity, business situation, budget, annual accounts and interim reports.

Evaluation of the work of the Board of Directors and the CEO

The Board intends to conduct an evaluation of its work. The Board conducts ongoing evaluations of the CEO's work.

Remuneration to the Board of Directors

Remuneration to the Board of Directors is determined by the Annual General Meeting. If, in any particular case, Binero assigns individual Board members tasks for the Company in addition to their regular Board duties (and any committee work), the Board shall decide on the remuneration, which shall be market-based and reasonable. The Board of Directors has the right to deviate from the guidelines if there are special reasons for doing so in an individual case.