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Cavotec SA - Nomination Committee announcement

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 the Ordinary General Meeting in Lugano to be chaired by Fabio
Cannavale, while Stefan Widegren will preside the Information Meeting in
Stockholm. 

Fabio Cannavale, Leena Essén, Nicola Gerber, Christer Granskog, Lakshmi C.
Khanna, Erik Lautmann, Ottonel Popesco, Patrik Tigerschiöld and Stefan Widegren
will stand for re-election. 

The Nomination Committee proposes that Fabio Cannavale, Leena Essén, Nicola
Gerber, Christer Granskog, Lakshmi C. Khanna, Erik Lautmann, Ottonel Popesco,
Patrik Tigerschiöld and Stefan Widegren be re-elected as Directors for a
further one-year term of office expiring at our Ordinary General Meeting to be
held in 2016. 

The Nomination Committee furthermore proposes to elect 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, Nicola Gerber, Christer Granskog, Lakshmi Khanna, Erik
Lautmann and Patrik Tigerschiöld are all independent of the company and its
executive management. 

Nicola Gerber, Christer Granskog, Lakshmi Khanna 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. 

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 2015/2016: 

Erik Lautmann, Chairman of the Committee and Independent Director

Christer Granskog, Independent Director

Lakshmi Khanna, Independent Director

Shareholders representing more than 45% of the votes support the
above-mentioned proposals made by the Nomination Committee. 

Reference is made to the motivated Nomination Statement available on
www.cavotec.com. 

ENDS

For more information please contact nominations@cavotec.com

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