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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. 

Fabio Cannavale, Leena Essén, Nicola Gerber, Erik Lautmann, Ottonel Popesco,
Patrik Tigerschiöld and Stefan Widegren stand for re-election. Christer
Granskog and Lakshmi C. Khanna do not stand for re-election. 

The Nomination Committee proposes that Fabio Cannavale, Leena Essén, Nicola
Gerber, Erik Lautmann, Ottonel Popesco, Patrik Tigerschiöld and Stefan Widegren
be are re-elected as Directors for a further one-year term of office expiring
at the Ordinary General Meeting to be held in 2017. 

In addition, the Nomination Committee proposes that Hélèna Thrap-Olsen and
Heléne Mellquist be elected as Directors for a one-year of office expiring at
the Ordinary General Meeting to be held in 2017. 

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

Nicola Gerber, Hélèna 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. 

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, Chairman of the Committee and Independent Director

Hélèna Thrap-Olsen, Independent Director

Patrik Tigerschiöld, Independent Director

Shareholders representing more than 40% 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. The Cavotec SA Nomination Committee can be contacted via
nominations@cavotec.com. 

ENDS

For more information please contact:

Michael Scheepers

Group Chief Communications Officer & IR

michael.scheepers@cavotec.com or +41795024010

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