Beyond this, the Nomination Committee works out proposals concerning remuneration to the Board, the chairman at the AGM and remuneration to the auditors and assesses the independence of Board members in relation to the company and its major shareholders.

In 2007 the AGM decided that the members of the Nomination Committee shall be appointed by the four largest shareholders in voting power.

In preparation for the AGM in 2008, the following persons will serve on the Nomination Committee:

• Gudrun Letzel, Volkswagen AG
• Lennart Johansson, Investor AB - Chairman
• Ekkehard D Schulz, MAN AG
• Marcus Wallenberg, Knut and Alice Wallenberg Foundation
 
MAN AG has decided to appoint a representative, although this is not in compliance with the recommendation in the Swedish Code of Corporate Governance that the nomination committee should not include any members who represent any of the company´s competitors.

The members of the Nomination Committee receive no compensation from the company.

For proposals to the Nomination Committee please use the following address, fax or e-mail: