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Cavotec SA
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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 that the Ordinary General Meeting in Lugano is to be chaired by
Stefan Widegren. 

Fabio Cannavale, Erik Lautmann, Heléne Mellquist, Ottonel Popesco, Helena
Thrap-Olsen, Patrik Tigerschiöld and Stefan Widegren will stand for
re-election. Leena Essén and Nicola Gerber will not stand for re-election. 

The Nomination Committee proposes that Fabio Cannavale, Erik Lautmann, Heléne
Mellquist, Ottonel Popesco, Helena Thrap-Olsen, Patrik Tigerschiöld and Stefan
Widegren to be re-elected as Directors for a further one-year term of office
expiring at the Ordinary General Meeting to be held in 2018. 

The Nomination Committee furthermore proposes to nominate 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, Helena Thrap-Olsen, Heléne Mellquist, Erik Lautmann and Patrik
Tigerschiöld are all independent of the company and its executive management. 

Helena 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. 

Shareholders representing more than 40 per cent of the votes support the
above-mentioned proposals made by the Nomination Committee. 

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
Helena Thrap-Olsen
Patrik Tigerschiöld

As Chairman of Cavotec SA, Stefan Widegren will be invited to Remuneration
Committee meetings. 

With respect to the requirements in the Code that all members of the
Remuneration Committee, apart from the chairman of the Remuneration Committee,
are to be independent of the company and its executive management, the
Nomination Committee has come to the conclusion that all candidates proposed by
the Board of Directors are independent of the company and its executive
management. 

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:
Kristiina Leppanen
Group Chief Financial Officer & IR
kristiina.leppanen@cavotec.com

The information in this release is subject to the disclosure requirements of
Cavotec SA under the Swedish Securities Market Act and/or the Swedish Financial
Instruments Trading Act. This information was publicly communicated on 22
February 2017, 15.15 CET.

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