Ericsson's Annual General Meeting 2021 - Seite 2

Board of Directors' Fees

The AGM resolved on fees to the Board of Directors, in accordance with the Nomination Committee's proposal. Yearly fee to the Chair of the Board of SEK 4,225,000, and fees to other non-employee members of the Board, elected by the AGM, of SEK 1,060,000 each. Fees for Committee work to non-employee members of the Committees, elected by the AGM, were approved as follows: SEK 420,000 to the Chair of the Audit and Compliance Committee and SEK 270,000 to each of the other members of the Audit and Compliance Committee, SEK 205,000 to each of the Chairs of the Finance Committee, the Remuneration Committee and the Technology and Science Committee, and SEK 180,000 to each of the other members of the Finance Committee, the Remuneration Committee and the Technology and Science Committee.

The AGM approved the Nomination Committee's proposal to enable payment of part of the fees to the members of the Board for the Board assignment, in the form of synthetic shares.

Auditor

The AGM elected Deloitte AB as auditor for the period up until the end of the AGM 2022.

Amendment of the Articles of Association

The AGM resolved to amend the articles of association in accordance with the Board of Directors' proposal in order to facilitate and increase the flexibility in conducting General Meetings of shareholders, including through introducing a possibility of postal voting.

Long-Term Variable Compensation Program (LTV)

Long-Term Variable compensation program 2021 (LTV 2021)

In accordance with the Board of Directors' proposals, the AGM resolved on implementation of LTV 2021 for the members of the Executive Team (currently 15 individuals), comprising a maximum of 2.1 million B-shares in Ericsson. "Performance Share Awards" will be granted free of charge entitling the participant to receive a number of shares, free of charge, following the expiration of a three-year vesting period, provided that certain performance conditions are met and that the participant retains his or her employment. The performance conditions are based on TSR (total shareholder return) development during a three-year period (absolute TSR-development and relative TSR-development) and a one-year group operating income target for 2021. All targets have a three-year vesting period. The Company has approximately 3.3 billion shares in issue. The 2.1 million B shares covered by LTV 2021 correspond to approximately 0.1 percent of the total number of outstanding shares.