Evolution

In accordance with the resolution of the Annual General Meeting, the three largest shareholders in the company as per the last business day of August who wish to appoint a representative shall appoint the Nomination Committee. If any of these shareholders chooses to waive their right to elect a representative, their right is transferred to the shareholder who, after these shareholders, has the largest share ownership and wishes to use this right. In addition, a member of the Board of Directors who is independent in relation to the company's management shall be a member of the Nomination Committee.

The Nomination Committee ahead of the 2024 AGM consists of the following members:

• Martin Rosell (appointed by Österbahr Ventures AB), Chairman
• Michael Hayward (appointed by WCM Investment Management)
• Ian Livingstone (appointed by Richard Livingstone)
• Joel Citron (board member)

A shareholder who wishes to submit a proposal to the Nomination Committee shall do this by a written request to the following address:

Evolution AB (publ)
Attn. Nomination Committee
Hamngatan 11
SE-111 47 Stockholm
Sweden

Proposals have to be received no later than 10 January, 2024, to be considered by the Nomination Committee.

The AGM will be held in Stockholm, Sweden on 26 April 2024.