BOARD OF DIRECTORS

There are presently five board members including the chairman. At the annual general meeting 2017, Mr. Morten Opstad was re-elected as chairman of the board for a period of two years. Mr. Larry Ciaccia, Ms. Deborah Lee Davis and Ms. Hanne Høvding was re-elected as board members for a period of two years and Mr. Andrew James MacLeod continued as board member for the second year of his term.

There are no family relationships among the board members or between board members and the management. There is no arrangement or understanding with major shareholders, customers, suppliers or others, pursuant to which members of the board or management was selected.

Morten Opstad

Chairman

Larry Ciaccia

Board Member

Deborah Davis

Board Member

Hanne Høvding

Board Member