Cavotec SA - Nomination Committee announcement A

According to Art.13 of the current Articles of Association, as well as according to Art.3 of the Federal  Ordinance on Excessive Compensation, the directors are elected each year to hold office until the  following annual shareholders’ meeting. Directors may be re-elected. 

It is proposed that the Ordinary General Meeting in Lugano is to be chaired by Stefan Widegren.

Fabio Cannavale, Erik Lautmann, Heléne Mellquist, Ottonel Popesco, Helena Thrap-Olsen, Patrik  Tigerschiöld and Stefan Widegren will stand for re-election. Leena Essén and Nicola Gerber will not stand  for re-election.

The Nomination Committee proposes that Fabio Cannavale, Erik Lautmann, Heléne Mellquist, Ottonel  Popesco, Helena Thrap-Olsen, Patrik Tigerschiöld and Stefan Widegren to be re-elected as Directors for a  further one-year term of office expiring at the Ordinary General Meeting to be held in 2018.

The Nomination Committee furthermore proposes to nominate Stefan Widegren as Chairman of the  Board of Directors. 

With respect to the requirements in the Swedish Corporate Governance Code (the Code) that a majority  of the directors elected by the shareholders’ meeting are to be independent of the company and its  executive management and that at least two of this majority also are to be independent in relation to  the company’s major shareholders, the Nomination Committee has carried out the following assessment:

Fabio Cannavale, Helena Thrap-Olsen, Heléne Mellquist, Erik Lautmann and Patrik Tigerschiöld are all  independent of the company and its executive management. 

Helena Thrap-Olsen, Heléne Mellquist and Erik Lautmann are all also independent in relation to the  company’s major shareholders.

The Nomination Committee therefore concludes that all requirements of director independence as set  out in the Code are met.

Shareholders representing more than 40 per cent of the votes support the above-mentioned proposals  made by the Nomination Committee.

Finally, and in accordance to Art. 7 of the Federal Ordinance on Excessive Compensation and with the  Internal Regulations, the Nomination Committee proposes to elect the following Board members to be  part of the Remuneration Committee for the year 2016/2017:

Erik Lautmann Helena Thrap-Olsen Patrik Tigerschiöld

As Chairman of Cavotec SA, Stefan Widegren will be invited to Remuneration Committee meetings.

With respect to the requirements in the Code that all members of the Remuneration Committee, apart  from the chairman of the Remuneration Committee, are to be independent of the company and its  executive management, the Nomination Committee has come to the conclusion that all candidates  proposed by the Board of Directors are independent of the company and its executive management.

Reference is made to the motivated Nomination Statement available on  www.cavotec.com . The Cavotec SA Nomination Committee can be contacted via  nominations@cavotec.com .

ENDS

For more information please contact: Kristiina Leppanen Group Chief Financial Officer & IR kristiina.leppanen@cavotec.com

The information in this release is subject to the disclosure requirements of Cavotec SA under the  Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. This  information was publicly communicated on 22 February 2017, 15.15 CET.