Long-term incentive program

From time to time, senior officers may be offered to the opportunity to participate in a LTI program. In order to participate in a LTI program the senior officer must reserve at least 50 percent of their annual variable remuneration as a lump sum pension premium. Annual income from the LTI program may not exceed 40 percent of the fixed annual salary. Income from the LTI program and the provision of at least 50 percent of the annual variable remuneration are placed in a pension savings connected to the Peab share. During 2011 468 persons, including senior officers, were offered to participate in a LTI program. The LTI program runs until 2014 with annual reviews of targets for the Group. The targets were not met in 2012 and therefore no provisions were made for the LTI program.