The nomination committee has consisted of Tor Bergstrøm (chairman) and Egil K. Sundbye.

 

Since the chairman has been absent due to sickness during a longer period, Egil K. Sundbye has acted as the chairman and carried out the work in the committee.

 

The work has been carried out in dialogue with the largest Norwegian shareholders of the company. The nomination committee has been provided with the self evaluation of the board of directors and has been in contact with all board members.

 

 

The chairman of the board Knut Brundtland, has informed the committee that he desires to retire from the board of directors.

 

The nomination committee is of the opinion that the number of members of the board of directors should be increased from five to six.

 

The nomination committee proposes that the general meeting shall appoint the following two new members:

• Widar Salbuvik (49)
Thorild Widvey (52)

Widar Salbuvik is proposed to be the chairman of the board.

 

They have both confirmed that they are candidates for the respective positions in the board, and both are proposed to be elected for a period of two years.

 

From the proposed candidate's curriculum vitae the following is mentioned:

 

Widar Salbuvik

• General manager in Widar Salbuvik AS
Chairman of the board of directors A/S Ludwig Movinkels Rederi
Chairman of the board of directors Trico Supply ASA
Chairman of the board of directors Furuholmen Eiendom AS
Chairman of the board of directors Argentum (will retire on the annual general meeting later this year)
Member of the board of directors Springfondet AS
Member of the board of directors Styrelederskolen AS

 

Thorild Widvey

• Member of the Parliament (H) representing Rogaland 1989 - 1997
Deputy member of the Parliament 1985 - 1989
Parliamentary Secretary in the Fishing Ministry, Bondevik II Government 2002 - 2003
Parliamentary Secretary in the Ministry of Foreign Affairs, Bondevik II Government 2003 - 2004
Minister of Petroleum and Energy in the Bondevik II Government 2004 - 2005
Member of the board of directors Tromsø 2018
Member of the board of directors Bjørge ASA
Member of the board of directors Deep Ocean ASA
Member of the board of directors RXT ASA
Member of the board of directors Akva Group ASA
Member of the executive board in Norsk Sjømannsmisjon

 

The remaining board members do not run for election. After an election in line with the proposal, the board of directors will consist of Widar Salbuvik (chairman), Hege Bømark, Jostein Devold, Torstein Tvenge, Anne Birgitte Fossum and Thorild Widvey.

 

 

For the year 2007, it is proposed a salary to the chairman of the board of directors of the amount NOK 400,000 and for the remaining members a salary of the amount NOK 200,000 per year.

 

 

It is proposed that the number of the members of the nomination committee is increased from two to three.

 

The following members are suggested:

• Tom Furulund (chairman) - A Wilhelmsen
Lise Lindbäck - Vital
Egil K. Sundbye - Opplysningsvesenets fond (re-elected)

 

 

It is proposed the following remuneration to the nomination committee:

 

Oslo, 8 May 2008

Egil K. Sundbye