Scandinavian Enviro : Minutes Annual General Meeting May 19 2022

Minutes from the Annual General Meeting in Scandinavian Enviro Systems AB (publ), reg. no. 556605-6726, on May 19, 2022 at 16.00 held at Hotel Riverton, Stora Badhusgatan 26, Gothenburg

N.B. The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.

§ 1 Opening of the Annual General Meeting and election of the Chairman at the meeting

The Annual General Meeting was declared open by the Chairman of the Board of Directors, Alf Blomqvist, who was appointed as Chairman of the meeting.

I was noted that CFO Urban Folcker was appointed to keep the minutes at the meeting.

It was further noted that the Board of Directors has decided that the shareholders shall be able to exercise their voting rights at the Annual General Meeting also by postal voting in accordance with the regulations in the company's Articles of Association. The postal voting has been conducted electronically via Postrosta.se and the link to postal voting has been available in the notice and on the company's website www.envirosystems.se since April 19, 2022. It was approved that present external individuals were allowed to attend the meeting. Likewise, a live broadcast of the Annual General Meeting was approved, but without the possibility to vote or ask questions.

The notice was attached to the minutes, Appendix 1.

§ 2 Preparation and approval of the voting list

A list of present shareholders, shareholders represented by proxy and accepted postal votes, including the number of shares and votes for each shareholder, was approved as voting list at the Annual General Meeting, Appendix 2.

§ 3 Approval of the agenda

The proposed agenda as set out in the notice was presented and approved.

§ 4 Election of one or two persons to check the minutes

Gunnar Ek, (representing Sveriges Aktiesparares Riksförbund) and Frank Stein were appointed to check the minutes together with the Chairman of the meeting.

§ 5 Determination of whether the meeting has been duly convened

It was noted that the notice of the Annual General Meeting was published in the Swedish Official Gazette (Sw. Post- och Inrikes Tidningar) on April 21, 2022 in its entirety and has been available at the Company's website since April 19, 2022. Information that the notice to the meeting had been issued was advertised in Dagens Industri on April 21, 2022.

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It was determined that the Annual General Meeting was duly convened.

§ 6 Speech by the CEO

The Chairman of the Board of Directors, Alf Blomqvist, gave a speech.

Thomas Sörensson then answered and commented on questions and remarks from the shareholders.

§ 7 Speech by Chairman of the Board of Directors

The company's CEO, Thomas Sörensson, gave a speech.

Alf Blomqvist then answered and commented on questions and remarks from the shareholders.

• 8 Presentation of the Annual Report and Auditor's Report as well as the Consolidated Financial Statement and Consolidated Auditor's Report

The Annual Report and the Auditor's Report as well as the Consolidated Financial Statement and the Consolidated Auditor's Report for the financial year 2021 were presented. The company's auditor Johan Palmgren reported on the audit work during the past year.

• 9 a) Resolution on adoption of the income statement and the balance sheet as well as the consolidated income statement and consolidated balance sheet

The income statement and the balance sheet as well as the consolidated income statement and consolidated balance sheet for the financial year 2021 were approved.

• 9 b) Resolution on allocation of the company's profit or losses in accordance with the adopted balance sheet

It was resolved that the company's profit and losses shall be carried forward to new account and that no dividend is paid for the financial year 2021.

§ 9 c) Resolution on discharge of liability for the members of the Board of Directors and the CEO

It was resolved to discharge the members of the Board of Directors and the CEO from liability for the financial year 2021, as endorsed by the auditor.

§ 10 Determination of the number of members of the Board of Directors and auditors

The Chairman of the Nomination Committee, Sander Vermeulen, gave a brief account of the work of the Nomination Committee.

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It was resolved, in accordance with the Nomination Committee's proposal, that the Board of Directors shall consist of five (5) ordinary board members without deputies, for the period until the end of the next annual general meeting. It was further resolved that one (1) registered auditing firm without deputy auditor shall be appointed as auditor.

§ 11 Determination of remuneration to the Board of Directors and auditors

It was resolved, in accordance with the Nomination Committee's proposal, that remuneration to the Board of Directors, for the upcoming mandate period, shall be paid with a total of SEK 750,000 whereby SEK 300,000 to the Chairman of the Board of Directors and SEK 150,000 to the other members of the Board of Directors except for Sander Vermeulen who has waived his remuneration.

It was further resolved, in accordance with the Nomination Committee's proposal that remuneration for the Company's auditor shall be paid in accordance with approved invoiced.

• 12 Election of members of the Board of Directors and auditors and, when applicable, deputy auditors

It was resolved, in accordance with the Nomination Committee's proposal, to re-elect Alf Blomqvist, Nina Macpherson, Peter Möller, Björn Olausson and Sander Vermeulen for the period until the end of the next annual general meeting.

It was resolved, in accordance with the Nomination Committee's proposal, to re-elect Alf Blomqvist as Chairman of the Board of Directors for the period until the end of the next annual general meeting.

It was resolved, in accordance with the Nomination Committee's proposal, to re-elect the registered auditing firm PricewaterhouseCoopers AB as auditor for the period until the end of next annual general meeting. It was noted that the auditing firm has informed that authorized public accountant Johan Palmgren will remain as auditor in charge.

§ 13 Resolution on principles for appointment of the Nomination Committee

The Nomination Committee's proposal regarding resolution on principles for appointment of the Nomination Committee was presented, Appendix 3.

It was resolved in accordance with the Nomination Committee's proposal.

• 14 Resolution on determination of the principles of other remuneration for the Board of Directors

The Nomination Committee's proposal regarding resolution on determination of the principles of other remuneration for the Board of Directors was presented, Appendix 4.

It was resolved in accordance with the Nomination Committee's proposal.

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§ 15 Resolution on authorization for the Board of Directors to resolve on new issue of shares

The Board of Director's proposal regarding authorization for the Board of Directors to resolve on new issues of shares was presented, Appendix 5.

It was resolved in accordance with the Board of Director's proposal.

It was noted that the resolution was unanimous.

§ 16 Closing of the Annual General Meeting.

Since it was established that there were no further questions, the Chairman declared the meeting closed.

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(Signature page follows)

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Minutes kept by:

_____________________

Urban Folcker

Approved:

_____________________	_____________________
Alf Blomqvist	Frank Stein

_____________________

Gunnar Ek

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