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STOCKHOLM, Feb. 21, 2020/PRNewswire/ — The Anniversary Accepted Affair of shareholders of Telefonaktiebolaget LM Ericsson ERIC, -1.35% shall be captivated on Tuesday, March 31, 2020, at Three p.m. at Kistamässan, Arne Beurlings Torg 5, Kista/Stockholm.The Nomination Committee proposes amid added issues:

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The Board of Administrators proposes amid added issues:

Welcome to the Anniversary Accepted Affair of shareholders 2020 of Telefonaktiebolaget LM Ericsson

Telefonaktiebolaget LM Ericsson’s (reg. no 556016-0680) shareholders are arrive to take part within the Anniversary Accepted Affair of shareholders to be captivated on Tuesday, March 31, 2020 at Three p.m. at Kistamässan, Arne Beurlings Torg 5, Kista/Stockholm. Allocation to the Anniversary Accepted Affair begins at 1.30 p.m.

Allocation and apprehension of look

Shareholders who ambition to look the Anniversary Accepted Affair should

Discover might also be accustomed in autograph to: Telefonaktiebolaget LM Ericsson Accepted Affair of shareholders c/o Euroclear Sweden AB Field 191 SE-101 23 Stockholm Sweden

When giving apprehension of attendance, amuse accompaniment title, date of bearing or allocation quantity, tackle, blast cardinal and cardinal of accent assistants, if any.

The Anniversary Accepted Affair shall be carried out in Swedish and accompanying translated into English.

Shares registered within the title of a appointee

In accession to giving apprehension of attendance, shareholders accepting their shares registered within the title of a nominee, allegation attraction the appointee to briefly entry the actor into the allocation annals as per Wednesday, March 25, 2020, in acclimation to be advantaged to look the Anniversary Accepted Assembly. The actor ought to acquaint the appointee to that aftereffect able-bodied afore that day.

Proxy

Shareholders represented by proxy shall affair a adeptness of advocate for the consultant. A adeptness of advocate issued by a acknowledged article allegation be accompanied by a archetype of the entity’s affidavit of allocation (ought to no such affidavit exist; a agnate affidavit of ascendancy allegation be submitted). In acclimation to facilitate the allocation on the Anniversary Accepted Assembly, the adeptness of advocate within the authentic, affidavit of allocation and added abstracts of ascendancy ought to be beatific to the Aggregation in beforehand to the abode aloft for cancellation by Monday, March 30, 2020. Types of adeptness of advocate in Swedish and English are accessible on Ericsson’s web site, www.ericsson.com.

Processing of claimed abstracts

For recommendation on how your claimed abstracts is processed, see: https://www.euroclear.com/dam/ESw/Authorized/Privateness-notice-bolagsstammor-engelska.pdf

Calendar

1. Acclamation of the Chair of the Anniversary Accepted Affair

2. Preparation and approval of the voting checklist

3. Approval of the calendar of the Anniversary Accepted Affair

4. Assurance whether or not the Anniversary Accepted Affair has been appropriately convened

5. Acclamation of two our bodies acknowledging the minutes

6. Presentation of the anniversary report, the auditor’s report, the circumscribed accounts, the auditor’s abode on the circumscribed accounts and the auditor’s abode whether or not the rules for accomplishment to accumulation administering settle for been complied with, as able-bodied because the auditor’s presentation of the evaluation appointment with anniversary to 2019

7. The President’s speech. Questions from the shareholders to the Board of Administrators and the administration

8. Decision with anniversary to         

1. acceptance of the property anniversary and the antithesis sheet, the circumscribed property anniversary and the circumscribed antithesis sheet;

2. acquittal of accountability for the associates of the Board of Administrators and the President; and

3. the allocation of the after-effects in accordance with the accustomed antithesis space and assurance of the almanac dates for dividend

9. Assurance of the cardinal of Board associates and meeting of the Board of Administrators to be adopted by the Anniversary Accepted Assembly

10. Assurance of the charges payable to associates of the Board of Administrators adopted by the Anniversary Accepted Affair and associates of the Committees of the Board of Administrators adopted by the Anniversary Accepted Affair

11. Acclamation of the associates and meeting of the Board of Administrators 

The Nomination Committee’s angle for Board members:       

1. Jon Fredrik Baksaas

2. Jan Carlson

3. Nora Denzel

4. Börje Ekholm

5. Eric A. Elzvik

6. Kurt Jofs

7. Ronnie Leten

8. Kristin S. Rinne

9. Helena Stjernholm

10. Jacob Wallenberg

12. Acclamation of the Chair of the Board of Administrators The Nomination Committee’s proposal: 

The Nomination Committee proposes that Ronnie Leten be re-elected Chair of the Board of Administrators.

13. Assurance of the cardinal of auditors

14. Assurance of the charges payable to the auditors

15. Acclamation of auditors

16. Decision on the rules for accomplishment to Accumulation Administration

17. Lengthy-Time period Capricious Benefit Program 2020 (“LTV 2020”)   

1. Decision on engaging in of LTV 2020

2. Decision on alteration of treasury banal for the LTV 2020

3. Decision on Disinterestedness Bandy Acceding with third affair in affiliation to the LTV 2020

18. Decision on alteration of treasury banal to advisers and on an barter in affiliation to the decision on the Lengthy-Time period Capricious Benefit Packages 2018 and 2019

19. Decision on alteration of treasury banal in affiliation to the resolutions on the Lengthy-Time period Capricious Benefit Packages 2016 and 2017

20. Decision on angle from the actor Thorwald Arvidsson to change the equipment of affiliation within the afterward approach:  

1. to perform an accession to 5 of the equipment of affiliation – a brand new space two – stating: all shares backpack in accordance rights; and

2. to annul 6 of the equipment of affiliation, and to acclimatize the calculation accordingly.

21. Decision on angle from the actor Thorwald Arvidsson that the Anniversary Accepted Affair boldness to agent to the Board of Administrators:       

1. to appointment for the abolishment of the achievability to simply accept voting adeptness variations within the Swedish Corporations Act, primarily by axis to the Authorities of Sweden; and

2. to adapt a angle for Board and Nomination Committee illustration for the infant and midsize shareholders, to be introduced to the Anniversary Accepted Affair 2021, or any beforehand captivated wonderful accepted shareholders assembly.  The appointment shall moreover accommodate alive to make sure that the agnate change is fabricated in civic laws, primarily by axis to the Authorities of Sweden 

22. Decision on angle from the actor Thorwald Arvidsson for an assay by a tailored examiner (Sw. särskild granskning) of the affairs arch to the aggregation reportedly accepting to pay SEK 10.1 billion to the US accessible treasury. This tailored assay shall moreover awning the aggregation auditors’ accomplishments or abridgement of actions.

23. Decision on angle from the actor Einar Hellbom that the Anniversary Accepted Affair boldness that the Board of Administrators shall adduce on the abutting Accepted Affair of shareholders that every one shares backpack in accordance voting rights and name how this ought to be carried out

24. Closing of the Anniversary Accepted Assembly

Anniversary 1 Chair of the Anniversary Accepted Affair

The Nomination Committee, appointed in accordance with the Instruction for the Nomination Committee certain by the Anniversary Accepted Affair 2012, consists of the Chair of the Committee Johan Forssell (Investor AB), Karl Åberg (AB Industrivärden and Svenska Handelsbankens Pensionsstiftelse), Jonas Synnergren (Cevian Capital Companions Restricted), Anders Oscarsson (AMF Försäkring och Fonder) and Ronnie Leten (Chair of the Board of Administrators). The Nomination Committee proposes that Advokat Sven Unger be adopted Chair of the Anniversary Accepted Affair of shareholders 2020.

Anniversary 8.Three Allocation and almanac dates

The Board of Administrators proposes a allocation to the shareholders of SEK 1.50 per share. The allocation is proposed to be paid in two in accordance installments, SEK 0.75 per allocation with the almanac date Thursday, April 2, 2020, and SEK 0.75 per allocation with the almanac date Friday, October 2, 2020. Assuming these dates would be the almanac dates, Euroclear Sweden AB is accepted to acquit SEK 0.75 per allocation on Tuesday, April 7, 2020, and SEK 0.75 per allocation on Wednesday, October 7, 2020.

Anniversary 9 Cardinal of Board associates and meeting to be adopted by the Anniversary Accepted Affair

In keeping with the equipment of affiliation, the Board of Administrators shall abide of no beneath than bristles and no added than twelve Board members, with no added than six deputies. The Nomination Committee proposes that the cardinal of Board associates adopted by the Anniversary Accepted Affair of shareholders shall be ten and that no meeting be elected.

Anniversary 10 Charges payable to associates of the Board of Administrators adopted by the Anniversary Accepted Affair and to associates of the Committees of the Board of Administrators adopted by the Anniversary Accepted Affair

The Nomination Committee proposes that charges to non-employee Board associates adopted by the Anniversary Accepted Affair and non-employee associates of the Committees of the Board of Administrators adopted by the Anniversary Accepted Affair be paid as follows:

A basal assumption again assessing Board charges is that these shall be aggressive and accredit the equipment and aliment of people with the perfect accessible competence. Again assessing the akin of charges, a allegory has been fabricated in affiliation to the Board charges in corporations of in accordance admeasurement and complication and it ought to be suggested that the Ericsson Accumulation has barter in 180 nations and that gross sales in 2019 amounted to added than SEK 200 billion.

The Nomination Committee has in contrast the Board charges in Ericsson with Board charges in added all-embracing high-tech corporations and has assured that an entry of all charges in accordance with the aloft is cheap and well-justified, in acclimation to defended that the charges abide accordant in comparison with added corporations out there. The angle of the Nomination Committee implies all in all an entry of the charges of about 3% in contrast with the entire charges to the agnate cardinal of Board and Committee associates for Board and Committee appointment certain by the Anniversary Accepted Affair 2019.

Charges within the anatomy of constructed shares

Accomplishments

The Nomination Committee believes that it’s tailored that Board associates adopted by the shareholders authority shares in Ericsson, in acclimation to strengthen the Board members’ and the shareholders’ alternate pursuits within the Firm. The Nomination Committee recommends Board associates adopted by the shareholders to, throughout a bristles yr interval, physique a captivation of shares or constructed shares in Ericsson at atomic agnate to the majority of the anniversary Board payment (excluding charges for Committee work), and that such captivation be saved throughout the time the Board affiliate abide Board affiliate in Ericsson.

To accredit Board associates to actualize an bread-and-butter absorption within the Aggregation and since that it’s in abounding instances tough for Board associates to barter within the Firm’s allocation as a consequence of applicative cabal guidelines, the Nomination Committee proposes that the Board associates ought to, as beforehand, be provided the achievability of accepting allocation of the Board charges within the anatomy of constructed shares. A constructed allocation constitutes a tailored to simply accept acquittal of an bulk which corresponds to the bazaar bulk of a allocation of alternation B within the Aggregation on Nasdaq Stockholm on the time of fee.

Angle

The Nomination Committee accordingly proposes that the Anniversary Accepted Affair of shareholders 2020 boldness that allocation of the charges to the Administrators, in anniversary of their Board appointment (nevertheless, not in anniversary of Committee work), could also be paid within the anatomy of constructed shares, on the afterward acceding and situations.

i. 25 % in banknote – 75 % in constructed shares

ii. 50 % in banknote – 50 % in constructed shares

iii. 75 % in banknote – 25 % in constructed shares

iv. 100 % in money.

The whole acceding and altitude for the constructed shares are declared in Exhibit 1 to the Nomination Committee’s proposal.

The banking aberration for the Firm, ought to all Administrators settle for allocation of their charges within the anatomy of constructed shares in contrast with the charges actuality paid in banknote solely, is adjourned to be restricted.

Anniversary 11 Acclamation of Board associates and meeting of the Board of Administrators

The Nomination Committee proposes that the afterward our bodies be re-elected Board members:

11.1  Jon Fredrik Baksaas

11.2  Jan Carlson

11.3  Nora Denzel

11.4  Börje Ekholm

11.5  Eric A. Elzvik

11.6  Kurt Jofs

11.7  Ronnie Leten

11.8  Kristin S. Rinne

11.9  Helena Stjernholm, and

11.10  Jacob Wallenberg

Within the acceding of the Board of Administrators, the Nomination Committee considers, amid added issues, acquaintance and adequacy naked within the Board of Administrators and its Committees, and moreover the majority of assortment in age, gender and cultural/geographic accomplishments as able-bodied because the allegation for renewal. The Nomination Committee has activated the Swedish Collected Babyminding Code, Space 4.1, as assortment coverage. The Nomination Committee moreover assesses the anniversary of the cardinal of associates of the Board of Administrators and whether or not the Board associates can allot the all-important time tailored to perform their duties as Board associates in Ericsson. The Nomination Committee primarily searches for abeyant Board affiliate candidates for the accessible allocation aeon however moreover considers approaching adequacy wants. It’s a continued journey to research the tailored candidates for the longer term, acceptation that abiding planning is capital for the Nomination Committee.

In its appraisement of skills and accomplishment of the alone Board members, the Nomination Committee takes into anniversary the adequacy and acquaintance of anniversary alone affiliate forth with the alone member’s accession to the Board appointment as a completed and to the Committee work. The Nomination Committee has acclimatized itself with the after-effects of the Board appointment appraisal that was led by the Chair of the Board of Administrators. The Nomination Committee believes that it’s precise vital that the acceding of Board associates proposed contains complementing adventures and competencies to accredit the Board of Administrators to accord to a whole growth of Ericsson. The Nomination Committee goals to adduce a Board of Administrators that constitutes a enough aggregation to beforehand Ericsson.

The Nomination Committee is of the appraisal that the accepted Board of Administrators and Board appointment is able-bodied functioning. Added it’s the Nomination Committee’s look that the Board fulfils aerial expectations in acceding of acceding and that the Board of Administrators as able-bodied because the alone Board associates fulfil aerial expectations in acceding of experience. The Nomination Committee believes that the proposed Board acceding supplies the Aggregation with the tailored altitude for acumen its abiding potential. Out of the proposed Board associates to be adopted by the Anniversary Accepted Affair of shareholders (excluding the President and CEO) 33% are girls. Gender antithesis is a key antecedence for the Nomination Committee, and the Committee works to beforehand the gender antithesis on the Board of Administrators over time.

Because the Nomination Committee believes that adherence and chain on the Board of Administrators is within the absorption of Ericsson to defended chain within the beheading and chase up of Ericsson’s centered technique, the Nomination Committee doesn’t adduce any adjustments to the acceding of the Board of Administrators this yr.

Recommendation apropos proposed Board associates

Data apropos the proposed Board associates is introduced in Exhibit 2 to the Nomination Committee’s proposal.

Adeptness of Board associates

The Nomination Committee has fabricated the afterward assessments in acceding of applicative Swedish adeptness necessities:

(i)  The Nomination Committee considers that at atomic the afterward Board associates are full of the Aggregation and its chief administration:

a. Jon Fredrik Baksaas

b. Jan Carlson

c. Nora Denzel

d. Eric A. Elzvik

e. Kurt Jofs

f. Ronnie Leten

g. Kristin S. Rinne

h. Helena Stjernholm

i. Jacob Wallenberg

(ii)   From amid the Board associates seem in (i) above, the Nomination Committee considers that at atomic the afterward are full of the Firm’s aloft shareholders:

a. Jon Fredrik Baksaas

b. Jan Carlson

c. Nora Denzel

d. Eric A. Elzvik

e. Kurt Jofs

f. Kristin S. Rinne

Furthermore, the Nomination Committee considers that at atomic the afterward Board associates are full in anniversary of all applicative adeptness necessities:

a. Jon Fredrik Baksaas

b. Jan Carlson

c. Nora Denzel

d.Eric A. Elzvik

e. Kurt Jofs

f. Kristin S. Rinne

The Nomination Committee concludes that the proposed acceding of the Board of Administrators meets the adeptness necessities applicative to Ericsson.

Anniversary 12 Acclamation of the Chair of the Board of Administrators

The Nomination Committee proposes that Ronnie Leten be re-elected Chair of the Board of Administrators.

Anniversary 13 Cardinal of auditors

In keeping with the equipment of affiliation, the Aggregation shall settle for no beneath than one and no added than three registered accessible accounting companies as auditor. The Nomination Committee proposes that the Aggregation ought to settle for one registered accessible accounting shut as auditor.

Anniversary 14 Charges payable to the accountant

The Nomination Committee proposes, like antecedent years, that the accountant charges be paid adjoin accustomed account.

Anniversary 15 Acclamation of accountant

In accordance with the advocacy by the Evaluation and Compliance Committee, the Nomination Committee proposes that Deloitte AB be appointed accountant for the aeon from the tip of the Anniversary Accepted Affair 2020 till the tip of the Anniversary Accepted Affair 2021.

Anniversary apropos the Nomination Committee’s angle on acclamation of accountant

In 2018, Ericsson completed a one other motion for the aim of accepting a tailored accountant rotation. Afterwards an all-embracing evaluation, demography into anniversary the aftereffect of the one other motion and allegory the one other perception acclimated all through the motion (face-to-face affair impression, all-around attain, battle companies, governance, accoutrement and automation imaginative and prescient, chip evaluation mannequin, alteration plan and bartering payment), the Evaluation and Compliance Committee certain to acclaim acclamation of Deloitte AB as accountant on the Anniversary Accepted Affair of shareholders 2020 or, as a added alternative, re-election of PricewaterhouseCoopers AB. The Nomination Committee accordingly proposes that the Anniversary Accepted Assembly, in accordance with the Evaluation and Compliance Committee’s advice, accredit Deloitte AB as accountant for the aeon from the tip of the Anniversary Accepted Affair 2020 till the tip of the Anniversary Accepted Affair 2021.

Anniversary 16 Pointers for accomplishment to Accumulation Administering

The Board of Administrators proposes that the Anniversary Accepted Affair of shareholders 2020 boldness on the afterward tips for accomplishment to Accumulation Administration. In comparison with the rules certain by the Anniversary Accepted Affair of shareholders 2019, the rules settle for been tailored to accede with the necessities of the European Abutment Actor Rights Directive II (“SRD II”) as antipodal into Swedish regulation.

Pointers for accomplishment to Accumulation Administering

Introduction

These Pointers for Accomplishment to Accumulation Administering (the “Pointers”) administer to the Controlling Aggregation of Telefonaktiebolaget LM Ericsson (the “Firm” or “Ericsson”), together with the President and Chief Controlling Officer (the “President and CEO”) (“Group Administration”). These Pointers administer to accomplishment agreed and adjustments to forward agreed accomplishment afterwards the date of approval of the Pointers and are suggested to abide in abode for 4 years till the Anniversary Accepted Affair of shareholders 2024. For employments alfresco of Sweden, due diversifications could also be fabricated to accede with binding bounded guidelines or accustomed bounded practices. In such instances, the all-embracing goal of those Pointers shall be accommodated to the higher admeasurement doable. These Pointers don’t awning accomplishment certain by the accepted affair of shareholders, corresponding to abiding capricious benefit packages (“LTV”).

Goal

These Pointers purpose to make sure alignment with the accepted accomplishment aesthetics and practices applicative for the Firm’s advisers based mostly on the try of competitiveness, equity, accuracy and efficiency. In correct to:

The Pointers and the Firm’s motion and enough abiding absorption

A acknowledged engaging in of the Firm’s motion and enough abiding pursuits requires that the Aggregation can entice, take up and actuate the tailored aptitude and may motion them aggressive remuneration. These Pointers purpose to acquiesce the Aggregation to motion the associates of the Accumulation Administering lovable and aggressive full remuneration. Capricious benefit coated by these tips shall be awarded adjoin particular pre-defined and assessable enterprise targets acquired from the abiding marketing strategy accustomed by the Board of Administrators. Targets could accommodate banking targets at both Group, Enterprise Space or Bazaar Space stage, cardinal targets, operational targets, agent assurance targets, chump accomplishment targets, sustainability and amassed albatross targets or added beforehand indicator targets.

The Aggregation operates abiding capricious benefit packages for the Accumulation Administration. These settle for been accustomed by the Anniversary Accepted Affair (“AGM”) and as a aftereffect are usually not coated by these Pointers. Capability of Ericsson’s accepted accomplishment motion and the way we bear on our motion and tips and recommendation on forward absitively abiding capricious benefit packages that settle for not but change into due for fee, together with applicative accomplishment standards, could be start within the Accomplishment Abode and in Word G2, “Data apropos associates of the Board of Administrators, the Accumulation administration” and Word G3, “Share-based compensation” within the anniversary abode 2019.

Babyminding of accomplishment to Accumulation Administering

The Board has accustomed a Accomplishment Committee (the “Committee”) to deal with benefit conduct and try and affairs apropos accomplishment to Accumulation Administration. The Board has accustomed the Committee to actuate and deal with assertive points in particular areas. The Board might also on break accommodate continued allocation for the Committee to actuate particular issues.

The Committee is accustomed to evaluation and adapt for decision by the Board bacon and added accomplishment for the President and CEO. Additional, the Committee shall adapt for decision by the Board proposals to the AGM on Pointers for Accomplishment to Accumulation Administering at atomic each fourth yr and on LTV and agnate disinterestedness preparations.

The Committee has the allocation to boldness bacon and added accomplishment for the added associates of Accumulation Administering apart from the President and CEO, together with targets for concise capricious benefit (“STV”), and payout of STV based mostly on achievements and efficiency.

In acclimation to conduct its tasks, the Committee considers tendencies in remuneration, aldermanic adjustments, acknowledgment guidelines and the accepted all-around controlling accomplishment atmosphere. It opinions bacon evaluation information, Aggregation after-effects and alone accomplishment afore advancing bacon acclimation suggestions for the President and CEO for decision by the Board and afore acknowledging any bacon changes for the added associates of Accumulation Administration. In acclimation to abstain battle of pursuits, no agent is current on the Committee’s affairs again points apropos to their very own accomplishment are actuality mentioned. The President and CEO is just not current at Board affairs again points apropos to the President and CEO’s personal accomplishment are actuality mentioned. The Committee could accredit full ready admiral to abetment and admonish in its work.

The Chair of the Accomplishment Committee forth with the Chair of the Board appointment calm with Ericsson’s Investor Relations group, urge for food to make sure that advantageous acquaintance is maintained as all-important and tailored with shareholders apropos accomplishment to Accumulation Administration.

Overview of accomplishment amalgamation coated by these Pointers

For Accumulation Administering the accomplishment amalgamation could abide of anchored wage, concise and abiding capricious benefit (STV and LTV), alimony and added advantages.

The desk beneath units out the important thing equipment of accomplishment of Accumulation Administering coated by these Pointers, together with why they’re used, their operation, befalling ranges and the accompanying accomplishment measures. As well as, the AGM has certain and should within the approaching adjudge to equipment LTV for Accumulation Administration. The advancing share-based LTV packages certain by the AGM settle for been suggested to accommodate abiding incentives for the associates of Accumulation Administering and to incentivize the Firm’s accomplishment creating abiding worth. The purpose is to draw, take up and actuate admiral in a aggressive bazaar by performance-based allocation accompanying incentives and to animate the accession of cogent disinterestedness backing to acclimatize the pursuits of the associates of Accumulation Administering with these of shareholders. The vesting aeon beneath the advancing share-based LTV packages certain by the shareholders is three years and vesting is accountable to the accomplishment of articular accomplishment standards. Though LTV is a vital fundamental of the accomplishment of Accumulation Administration, it isn’t coated by these Pointers, as a result of these packages are alone certain by the AGM.

Component and goal

Operation

Alternative

Efficiency measures

Fastened bacon Anchored benefit paid at set instances. Objective:                          

Salaries shall generally be suggested yearly in January. Salaries shall be set demography into consideration:                            

                                    Again atmosphere anchored salaries, the appulse on full remuneration, together with pensions and related prices, shall be considered.

There isn’t any greatest bacon stage; nevertheless, bacon will increase (as a % of full wage) for greatest Accumulation Administering associates would generally be in band with the alien bazaar practices, advisers in accordant places and accomplishment of the person. There are affairs space faculty bacon will increase might be awarded. For instance, the place:                          

This facet of the amalgamation doesn’t crave accomplishment of any particular accomplishment targets. Nonetheless, alone accomplishment and adequacy shall be taken into anniversary forth with enterprise accomplishment again chargeless anchored bacon ranges and any bacon will increase.

Quick-term capricious benefit (STV) STV is a capricious benefit plan that shall be abstinent and paid over a definite yr. Objective:                                   

The STV shall be paid in banknote yearly afterwards the Committee and, as relevant, the Board settle for suggested and accustomed accomplishment adjoin targets that are generally bent on the alpha of anniversary yr for anniversary affiliate of Accumulation Administration. The Board and the Committee property the tailored to:                                 

                                    Malus and Clawback The Board and the Committee shall settle for the tailored of their acumen to:                                   

Goal pay-out befalling for any banking yr could also be as much as 150% of anniversary anchored bacon of the person. This shall generally be bent in band with the alien bazaar practices of the nation of employment. Finest pay-out shall be as much as two instances the ambition pay-out befalling (i.e. 300% of anniversary anchored wage)1), 2).

The STV shall be based mostly on measures affiliated to the anniversary marketing strategy which in itself is affiliated to Ericsson’s abiding motion and sustainability. Measures shall accommodate banking targets at Group, Enterprise Space or Bazaar Space akin (for accordant associates of Accumulation Administration). Added abeyant measures could accommodate cardinal targets, operational targets, agent assurance targets, chump accomplishment targets, sustainability and amassed albatross targets or added beforehand indicator targets. A greatest of 4 STV targets shall be assigned to an alone in full for a banking yr. Banking targets shall comprise at atomic 75% of the ambition anniversary befalling with a minimal of 40% actuality genuine at Accumulation stage. The minimal weighting for an STV ambition shall be 20%. Accomplishment of all STV targets shall be activated over a one-year accomplishment aeon (monetary yr). The STV measures and targets shall be bent by the Committee for the associates of Accumulation Administering added than the President and CEO. The Board has the allocation to establish STV measures and targets for the President and CEO, ought to STV be alien for the President and CEO.

Pension Contributions paid seem retirement fund. Objective:                                   

The operation of the alimony plan shall chase aggressive convenance within the particular person’s dwelling nation and should accommodate assorted added affairs in accession to any civic adjustment for amusing safety. Alimony affairs ought to be genuine accession affairs until the alone anxious is accountable to genuine anniversary alimony plan beneath binding mixture acceding accoutrement or binding bounded rules. In some tailored affairs space people can’t take part within the bounded alimony affairs of their dwelling nations of employment:                        

Since 2011, associates of Accumulation Administering in Sweden take part within the genuine accession plan (ITP1) which applies for the added workforce in Sweden. The alimony accession for ITP1 is capped at 30% of pensionable bacon which incorporates anchored bacon and STV paid in money. In keeping with the bounded mixture acceding acceding in Sweden, the associates of Accumulation Administering are moreover advantaged to an added alimony accession for part-time retirement for which the cap is bent throughout the abutment negotiations for all of the bounded staff. Associates of Accumulation Administering energetic alfresco of Sweden could take part within the bounded bazaar aggressive alimony organize that administer of their dwelling nations in band with what is obtainable to added advisers within the aforementioned nation. In all instances the anniversary alimony contributions shall be capped at 70% of anniversary anchored salary3).

None

Different Allowances Added precise or summary benefit paid yearly which don’t abatement beneath anchored wage, concise and abiding capricious benefit or pension. Objective:                               

Advantages provided shall booty into anniversary the aggressive practices within the particular person’s nation of equipment and ought to be in band with what is obtainable to added chief advisers within the aforementioned nation and should beforehand yr on yr. Allowances could for archetype accommodate aggregation telephones, aggregation vehicles, medical and added allowance advantages, tax assist, journey, Aggregation capability and any all-embracing alteration and/or commuting allowances if the alone is customized to backpack and/or drive internationally to assassinate the necessities of the function.

Profit alternatives shall be set in band with aggressive bazaar practices and shall mirror what is obtainable to added chief advisers within the particular person’s nation of employment. The degrees of allowances supplied could alter yr on yr relying on the majority of the accouterment of allowances to the Firm. Added allowances shall be capped at 10% of anniversary anchored bacon for associates of Accumulation Administering amid in Sweden. Added allowances and allowances for associates of Accumulation Administering who’re commuters into Sweden or who’re on abiding appointment (“LTA”) in nations added than their dwelling nations of employment, shall be bent in band with the Firm’s all-embracing development motion which can accommodate (however is just not certain to) commuting or alteration prices; bulk of energetic adjustment, housing, dwelling biking or apprenticeship allowance; tax and amusing aegis equalization help.

None

Feedback to the desk

1.  For better of the accepted associates of Accumulation Administration, the accepted STV ambition befalling is beneath 50% of the anniversary anchored wage.

2.  At current the President & CEO doesn’t take part in STV. The Board has the allocation to adjudge to accommodate the President and CEO in STV sooner or later. In engaging in so the Board shall:

Ought to the Board adjudge to acquaint STV for the President and CEO, the capability shall be seem within the Accomplishment Abode for the accordant yr.

3.  Since better of the accepted associates of Accumulation Administering are at present beneath ITP1 protection, their alimony contributions are at present capped at 30% of pensionable bacon and the added alimony accession for part-time retirement allowable by the bounded mixture acceding acceding in Sweden.

Alignment of concise capricious benefit with the Firm’s motion and perception for acquittal

These Pointers for Accomplishment to Accumulation Administering settle for been developed to abutment alignment of Ericsson’s enterprise motion and abiding pursuits of associates of Accumulation Administering with that of shareholders, particularly:

Equipment of accomplishment provided to the Firm’s advisers

When growing these Pointers, the Board and the Committee settle for suggested the entire accomplishment and equipment altitude of the Firm’s advisers by reviewing the equipment of Ericsson’s accomplishment motion for the added agent citizenry to make sure consistency.

There’s shiny alignment within the accomplishment equipment for the associates of Accumulation Administering and the Firm’s advisers in the best way that accomplishment motion is activated as able-bodied because the strategies adopted in chargeless anchored salaries, concise and abiding capricious compensation, alimony and advantages, that are to be activated broadly and persistently all through the Firm. The targets beneath concise capricious benefit are agnate and the accomplishment measures beneath abiding capricious benefit affairs are the aforementioned for the associates of Accumulation Administering and added acceptable advisers of the Firm. Nonetheless, the admeasurement of pay that’s affiliated to accomplishment is about faculty for Accumulation Administering in band with bazaar follow.

Equipment affairs and abortion of equipment

The associates of Accumulation Administering are energetic on abiding rolling contracts. One of the best alternate apprehension aeon isn’t any added than 12 months. In case of abortion by the worker, the agent has no tailored to severance pay.

In any case, the anchored bacon paid throughout the apprehension aeon added any severance pay payable is not going to calm beat an bulk agnate to the person’s 24 months anchored wage.

The agent could also be advantaged to severance pay up till the agreed retirement age or, if a retirement age has not been agreed, till the ages again the agent turns 65. In a case space the agent is advantaged to severance pay from a date afterwards than 12 months above-mentioned to retirement, the severance pay shall be cut price in admeasurement to the time precise and affected alone for the time as of the date again the worker’s equipment ceases (i.e. the tip of the aeon of discover) and till the time of retirement.

Severance pay shall be cut price by 50 % of the accomplishment or agnate benefit the agent receives, or has change into advantaged to, from any added employer or from his/her personal or added actions throughout the aeon that severance is paid to the agent by the Firm.

The Aggregation shall settle for the tailored to abolish the equipment adjustment and abolish the agent with precise impact, afterwards giving any beforehand apprehension and alms to severance pay, if the agent commits a austere aperture of his/her obligations seem the Firm.

Usually disputes apropos equipment agreements or any added agreements apropos the equipment of the associates of Accumulation Administration, the best way such agreements settle for been accustomed at, interpreted or utilized, as able-bodied as any added motion affairs from acknowledged relations based mostly on such agreements, shall be acclimatized by adjudication by three arbitrators in accordance with the Guidelines of the Adjudication Institute of the Stockholm Chamber of Commerce. No matter the aftereffect of any arbitral award, the Aggregation could, within the affiliation amid the events, backpack all charges and prices answerable by the arbitrators and all of its personal motion prices (together with lawyer’s charges), besides within the accident the adjudication affairs had been completed by the agent afterwards affordable trigger.

Equipment motion for brand spanking new associates of Accumulation Administering

In chargeless the accomplishment of a brand new affiliate of Accumulation Administration, the Board and the Committee shall booty into equipment all accordant components to make sure that organize are in the perfect pursuits of the Aggregation and its shareholders. These components embody:

Added organize

By the use of exception, added organize could be fabricated again accounted tailored and all-important to recruit or take up a person. Such adjustment might be within the anatomy of concise or abiding capricious benefit or anchored fundamental and could be renewed, however anniversary such adjustment shall be certain in time and shall not beat a aeon of 36 months and alert the anniversary anchored bacon that the alone would settle for accustomed if no added organize had been made. As well as, if applicable, altered measures and targets could also be activated to the brand new appointment’s incentives within the aboriginal yr.

As well as, it could on a case by case abject be absitively by the Board and the Committee appropriately to atone an alone for accomplishment absent from a antecedent employer throughout recruitment. The Board and the Committee will accede on a case by case abject if all or a number of the accomplishment together with incentives absent allegation to be `bought-out’. If there’s a buy-out of absent incentives, this can booty into anniversary accordant components together with the anatomy they had been accepted (money vs. shares), accomplishment altitude absorbed to those awards and the time they might settle for vested/paid. Usually, buy-out awards shall be fabricated on a commensurable abject to these forfeited.

Within the accident of an centralized applicant actuality reply to Accumulation Administration, bequest acceding and altitude could also be honored, together with alimony and anniversary entitlements and any excellent allurement awards. If a Accumulation Administering affiliate is appointed afterward a alliance or accretion with/of accession firm, bequest acceding and altitude might also be accustomed for a greatest aeon of 36 months.

Board of Administrators’ discretions

The Board aloft advocacy from the Committee could in a particular case adjudge to briefly aberrate from these Pointers in completed or in allocation based mostly on its abounding acumen in irregular affairs corresponding to:

The Committee is amenable for advancing affairs for decision by the Board, and this contains affairs apropos to deviations from these Pointers. Any such aberration shall be seem within the Accomplishment Abode for the accordant yr.

Anniversary 17 Carrying out of Lengthy-Time period Capricious Benefit Affairs 2020 (“LTV 2020”) together with alteration of treasury banal

Following its linked appraisal of the Firm’s abiding capricious compensation, the Board of Administrators has assured to adduce an LTV 2020 materially banausic in comparison with the Lengthy-Time period Capricious Benefit Packages 2018 and 2019. LTV 2020 is an fundamental allocation of the Firm’s accomplishment technique, in correct the Board of Administrators needs to animate the administering to physique cogent disinterestedness backing to acclimatize the pursuits of the LTV Affairs contributors with these of shareholders.

Proposals

The Lengthy-Time period Capricious Benefit Affairs 2020

The Board of Administrators proposes that the Anniversary Accepted Affair boldness on the engaging in of a Lengthy-Time period Capricious Benefit Affairs 2020 in accordance with the proposals set out beneath.

17.1 Carrying out of the LTV 2020

The Board of Administrators proposes that the Anniversary Accepted Affair resolves on the LTV 2020 for associates of the Controlling Workforce, full a greatest of two.5 actor shares of alternation B in Ericsson as set out beneath.

Aims of the LTV Affairs

The LTV Affairs is suggested to accommodate abiding incentives for associates of the Controlling Aggregation (the “Contributors”) and to incentivize the Firm’s accomplishment creating abiding worth. The purpose is to draw, take up and actuate admiral in a aggressive bazaar by performance-based allocation accompanying incentives and to animate the accession of cogent disinterestedness backing to acclimatize the pursuits of the Contributors with these of shareholders.

The LTV Affairs in abrupt

The LTV Affairs is proposed to accommodate all associates (present and future) of the Controlling Workforce, at present full of 15 staff, together with the President and CEO. Awards beneath LTV 2020 (“Efficiency Allocation Awards”) shall be accepted chargeless of allegation entitling the Participant, supplied that i.a. assertive accomplishment altitude set out beneath are met, to simply accept a cardinal of shares, chargeless of cost, afterward cessation of a 3 yr vesting aeon (the “Vesting Interval”). Allocation of shares pursuant to Accomplishment Allocation Awards shall be accountable to the accomplishment of accomplishment situations, as set out beneath, and can about crave that the Actor retains his or her equipment over the Vesting Interval. All aloft choices apropos to LTV 2020 shall be taken by the Accomplishment Committee, with approval by the abounding Board of Administrators as required.

Granting of Accomplishment Allocation Awards

Granting of Accomplishment Allocation Awards to the Contributors will about booty abode as anon as apparently accessible afterward the Anniversary Accepted Affair 2020. For 2020, the majority of the basal shares in anniversary of the Accomplishment Allocation Awards fabricated to the President and CEO is not going to beat 180% of the anniversary abject bacon on the time of grant, and for added contributors, the majority is not going to beat 70% of the contributors’ agnate anniversary abject salaries on the time of grant.

The allocation bulk acclimated to account the cardinal of shares to which the Accomplishment Allocation Accolade entitles would be the volume-weighted boilerplate of the bazaar bulk of Ericsson alternation B shares on Nasdaq Stockholm throughout the bristles buying and selling canicule anon afterward the commercial of the Firm’s performing abode for the fourth division 2019.

Accomplishment perception

The vesting of Accomplishment Allocation Awards shall be accountable to the accomplishment of arduous accomplishment perception accompanying to 2020 Accumulation Working Property ambition and full actor acknowledgment (“TSR”[1]), which is able to actuate what allocation (if any) of the Accomplishment Allocation Awards will belong on the finish of the Vesting Interval.

The 2020 Accumulation Working Property ambition pertains to 50% of the Accomplishment Allocation Awards and the perfect vesting akin is 200%.

The accomplishment perception based mostly on TSR are full TSR growth and about TSR growth for the Ericsson alternation B allocation over the aeon January 1, 2020 – December 31, 2022 (the “TSR Accomplishment Interval”[2]). The TSR accomplishment perception chronicle to a whole of 50% of the Accomplishment Allocation Awards and the perfect vesting akin for anniversary of the TSR accomplishment perception is 200%.

The afterward altitude will administer to the accomplishment standards:

50% of the Accomplishment Allocation Awards accepted to a Actor shall be accountable to fulfilment of a Accumulation Working Property ambition for the 2020 banking yr. The 2020 Accumulation Working Property ambition accustomed by the Board of Administrators will accede a minimal akin and a greatest stage. The vesting akin of Accomplishment Allocation Awards accompanying to 2020 Accumulation Working Property shall be bent by the Board of Administrators again the audited aftereffect for the banking yr 2020 is offered.

If the perfect accomplishment akin is completed or exceeded, the vesting will bulk to (and won’t exceed) the perfect akin of 200% of the Accomplishment Allocation Awards accompanying to the 2020 Accumulation Working Property goal. If accomplishment is beneath the perfect akin however exceeds the minimal stage, a beeline pro-rata vesting of shares will happen. No vesting will motion if accomplishment quantities to or is beneath the minimal stage. The allocation of the shares is not going to motion till the tip of the Vesting Aeon in 2023.

Absolute TSR efficiency

30% of the Accomplishment Allocation Awards accepted to a Actor shall be accountable to fulfilment of an full TSR accomplishment declare over the TSR Accomplishment Interval. If the entire TSR growth alcove or exceeds 14% every year compounded, the perfect vesting of 200% of the Accomplishment Allocation Awards accompanying to finish TSR shall happen. If the entire TSR growth is beneath or alcove alone 6% every year compounded, no vesting will motion in anniversary of the Accomplishment Allocation Awards accompanying to the entire TSR. A beeline pro-rata vesting from 0% to 200% of the Accomplishment Allocation Awards accompanying to finish TSR shall administer if the Firm’s full TSR accomplishment is amid 6% and 14% every year compounded.

Relative TSR efficiency

20% of the Accomplishment Allocation Awards accepted to a Actor shall be accountable to fulfilment of a about TSR accomplishment declare over the TSR Accomplishment Interval, in comparison with a affiliate accumulation consisting of 11 affiliate corporations (the “Peer Group”[3]). The vesting of the about TSR accompanying Accomplishment Allocation Awards varies relying on the Firm’s TSR accomplishment baronial towards the added corporations within the Affiliate Group. If the Firm’s about TSR accomplishment is beneath the TSR growth of the aggregation ranked sixth within the Affiliate Group, no vesting will motion in anniversary of the Accomplishment Allocation Awards accompanying to about TSR efficiency. Vesting of the Accomplishment Allocation Awards accompanying to about TSR accomplishment will motion on the afterward allocation ranges, based mostly on which baronial place within the Affiliate Accumulation the Firm’s TSR Accomplishment corresponds to:

Place aural the Affiliate Group          Related vesting allocation akin

6 or decrease                                                                            0%

5                                                                                        50%

4                                                                                        100%

3                                                                                         150%

2 or larger                                                                              200%

If the Firm’s TSR accomplishment is amid two of the ranked corporations, a beeline pro-rata vesting shall administer amid the vesting allocation ranges for the accordant ranked positions.

Details about the aftereffect of the accomplishment perception shall be supplied not afterwards than within the anniversary abode for the banking yr 2022.

Allocation of shares

Supplied that the accomplishment perception aloft settle for been met and that the Actor has retained his or her equipment (until tailored affairs are at hand) throughout the Vesting Interval, allocation of vested shares will booty abode as anon as apparently accessible afterward the cessation of the Vesting Interval.

When chargeless the ultimate vesting akin of Accomplishment Allocation Awards, the Board of Administrators shall appraise whether or not the vesting akin is cheap as a result of the Firm’s banking after-effects and place, altitude on the banal bazaar and added circumstances, and if not, as bent by the Board of Administrators, abate the vesting akin to the decrease akin accounted tailored by the Board of Administrators.

Within the accident dedication of shares to Contributors can’t booty abode beneath applicative regulation or at an inexpensive bulk and using affordable authoritative measures, the Board of Administrators shall be advantaged to adjudge that Contributors could, as an alternative, be provided a banknote settlement.

Prices

The Board of Administrators has suggested altered prices strategies for alteration of shares beneath the LTV 2020. Afterwards evaluating the altered choices, the Board of Administrators considers that alteration of treasury banal is the perfect bulk ready and adjustable adjustment to alteration shares beneath the LTV 2020.

Because the prices for the Aggregation in affiliation with an disinterestedness bandy acceding shall be decidedly faculty than the prices in affiliation with alteration of treasury inventory, the capital one other is that the banking acknowledgment is anchored by alteration of treasury banal and that an disinterestedness bandy acceding with a 3rd affair is an one other within the accident that the tailored majority for approval is just not reached.

Prices

The whole aftereffect on the property anniversary of the LTV 2020, together with prices prices and amusing aegis charges, is estimated to ambit amid SEK 65 actor and SEK 125 actor broadcast through the years 2020-2023.

The administering bulk for alteration of shares by the use of an disinterestedness bandy acceding is estimated to about SEK 10.Three million.

Dilution

The Aggregation has about 3.Three billion shares in situation. As per December 31, 2019 the Aggregation captivated about 19.9 actor shares in treasury. The cardinal of shares that could be tailored for advancing abiding capricious benefit packages as per December 31, 2019 is estimated to about 17.5 actor shares, agnate to about 0.5 % of the cardinal of excellent shares. In acclimation to equipment the LTV 2020, a whole of as much as 2.5 actor shares are required, which corresponds to about 0.1 % of the entire cardinal of excellent shares. The aftereffect on vital key abstracts is alone marginal.

17.2 Alteration of treasury banal for the LTV 2020

Switch of no added than 1.9 actor shares of alternation B within the Aggregation could motion on the afterward acceding and situations.

The Aggregation shall settle for the tailored to, above-mentioned to the Anniversary Accepted Affair in 2021, alteration no added than 600,000 shares of alternation B within the Firm, in acclimation to awning assertive bills, primarily amusing aegis funds. Alteration of the shares shall be completed on Nasdaq Stockholm at a bulk aural the, at anniversary time, prevailing bulk breach for the allocation as broadcast by Nasdaq Stockholm.

17.Three Disinterestedness Bandy Acceding with third affair in affiliation to the LTV 2020

Within the accident that the tailored majority for approval is just not completed beneath anniversary 17.2 above, the banking acknowledgment of the LTV 2020 shall be belted by the Aggregation coming into into an disinterestedness bandy acceding with a 3rd occasion, beneath which the third affair shall, in its personal title, entry and alteration shares of alternation B within the Aggregation to advisers coated by the LTV 2020.

Majority guidelines

The decision of the Anniversary Accepted Affair on engaging in of the affairs in keeping with anniversary 17.1 aloft requires that added than bisected of the votes casting on the Anniversary Accepted Affair settle for the proposal. The Anniversary Accepted Assembly’s decision on alteration of treasury banal in keeping with anniversary 17.2 a) aloft requires that shareholders apery at atomic nine-tenths of the votes casting as able-bodied because the shares represented on the Anniversary Accepted Affair settle for the angle and the Anniversary Accepted Assembly’s decision on alteration of treasury banal in keeping with anniversary 17.2 b) aloft requires that shareholders apery at atomic two-thirds of the votes casting as able-bodied because the shares represented on the Anniversary Accepted Affair settle for the proposal. A correct decision in accordance with the angle for an disinterestedness bandy acceding beneath anniversary 17.Three aloft requires that added than bisected of the votes casting on the Anniversary Accepted Affair settle for the proposal.

Description of added advancing abiding capricious benefit packages

In accession to the LTV-programs, that are directed on the associates of the Controlling Workforce, the Aggregation moreover has added advancing abiding capricious benefit packages directed at added advisers aural the Group. These packages are an fundamental allocation of the Firm’s accomplishment motion as able-bodied as a allocation of the Firm’s aptitude administering technique. The aggregation has absitively to equipment the afterward share-related benefit packages for 2020. The Controlling Accomplishment Plan 2020 (“EPP 2020”) is suggested to draw, take up and actuate chief managers in a aggressive bazaar by accomplishment based mostly abiding banknote allurement acknowledging the accomplishment of the Firm’s abiding methods and enterprise aims. About 200 chief managers shall be acceptable for the EPP 2020. Contributors are assigned a abeyant accolade genuine as a allocation of the contributors’ anniversary gross wage, which is customized right into a cardinal of constructed shares based mostly on the aforementioned bazaar bulk of Ericsson alternation B shares acclimated for the LTV 2020 on the time of grant. There are two accolade ranges alleged “Excessive” and “Common” that are differentiated as beneath amid the USA and the blow of the apple to accompany higher alignment with the bounded bazaar situations:

Accolade stage                           USA                                                           Blow of the apple

  Excessive                                        35%                                                             25%

  Common                                      25%                                                         15%

The vesting akin of the awards, occurring afterwards a three-year vesting interval, is accountable to the accomplishment of the aforementioned accomplishment perception as for the LTV 2020, and about requires that the actor retains his or her equipment over the three-year vesting interval. On the finish of the Vesting Interval, the allotted constructed shares are tailored right into a banknote quantity, based mostly on the bazaar bulk of Ericsson alternation B shares at Nasdaq Stockholm on the payout date, and this last bulk is paid to the Actor in banknote gross afore tax. It’s estimated that about one actor constructed shares shall be awarded beneath the EPP 2020. One of the best full bulk aftereffect of the EPP 2020 on the property assertion, together with amusing aegis charges, is estimated to be about SEK 334 actor broadcast through the years 2020-2023.

The Key Accession Plan 2020 (“KC Plan 2020”) is suggested to confess the perfect expertise, alone efficiency, abeyant and analytical skills as able-bodied as animate the assimilation of key staff. About 7,100 advisers shall be acceptable for the KC Plan 2020. There are three accolade ranges at 10%, 25% and 30% of the contributors’ anniversary gross wage. Contributors are assigned a abeyant award, which is customized right into a cardinal of constructed shares based mostly on the aforementioned bazaar bulk of Ericsson alternation B shares acclimated for the LTV 2020 on the time of grant. The affairs has a 3 yr full vesting aeon throughout which the awards are paid on an anniversary rolling bases afterward the beneath acquittal schedule:

The majority of anniversary constructed allocation is apprenticed by the entire allocation bulk accomplishment of Ericsson alternation B shares throughout the vesting interval. On the date of payout for anniversary instalment of the aloft declared anniversary rolling acquittal schedule, the constructed shares are tailored right into a banknote quantity, based mostly on the bazaar bulk of Ericsson Alternation B shares at Nasdaq Stockholm on the agnate payout date, and this last bulk is paid to the Actor in banknote gross afore tax. It’s estimated that about 10 actor constructed shares shall be awarded beneath the KC Plan 2020. One of the best full bulk aftereffect of the KC Plan 2020 on the property assertion, together with amusing aegis charges, is estimated to be about SEK 1.6 billion broadcast through the years 2020-2023.

The Firm’s advancing capricious benefit packages are declared in added element within the Anniversary Abode 2019 within the Notes to the circumscribed banking statements, Word G3: “Share-based compensation” and on the Firm’s web site. The Accomplishment Abode seem within the Anniversary Abode outlines how the Aggregation accouterments its tips on accomplishment to Accumulation administering in band with the Swedish Collected Babyminding Code.

Anniversary 18 The Board of Administrators’ angle for decision on alteration of treasury banal to advisers and on an barter in affiliation to the resolutions on the Lengthy-Time period Capricious Benefit Packages 2018 (“LTV 2018”) and 2019 (“LTV 2019”)

Accomplishments

The Anniversary Accepted Affairs 2018 and 2019 certain to equipment Lengthy-Time period Capricious Benefit Packages 2018 and 2019 (“LTV 2018” and “LTV 2019”). The Anniversary Accepted Affair 2019 certain to defended the Firm’s undertakings beneath the packages by disinterestedness bandy agreements with a 3rd occasion. The Board of Administrators considers that alteration of treasury banal is the perfect bulk ready and adjustable adjustment to defended the undertakings beneath LTV 2018 and LTV 2019, and accordingly proposes that the Anniversary Accepted Affair boldness as follows.

Angle

To defended the dedication of Accomplishment Shares in accordance with the acceding of the LTV 2018 and the LTV 2019, the Board of Administrators proposes that the Anniversary Accepted Affair boldness that the Aggregation shall settle for the tailored to alteration no added than 4.4million shares of alternation B within the Aggregation on the afterward acceding and situations.

The Aggregation shall settle for the tailored to, above-mentioned to the Anniversary Accepted Affair in 2021, alteration no added than 1.6 actor shares of alternation B within the Firm, in acclimation to awning assertive bills, primarily amusing aegis funds. Alteration of the shares shall be completed on Nasdaq Stockholm at a bulk aural the, at anniversary time, prevailing bulk breach for the allocation as broadcast by Nasdaq Stockholm.

Majority guidelines

The Anniversary Accepted Assembly’s decision on alteration of treasury banal in keeping with anniversary 18 a) aloft requires that shareholders apery at atomic nine-tenths of the votes casting as able-bodied because the shares represented on the Anniversary Accepted Affair settle for the angle and the Anniversary Accepted Assembly’s decision on alteration of treasury banal in keeping with anniversary 18 b) aloft requires that shareholders apery at atomic two-thirds of the votes casting as able-bodied because the shares represented on the Anniversary Accepted Affair settle for the proposal.

Anniversary 19 The Board of Administrators’ angle for decision on alteration of treasury banal in affiliation to the resolutions on the Lengthy-Time period Capricious Benefit Packages 2016 and 2017

Accomplishments

The Anniversary Accepted Affairs 2016 and 2017 certain on a tailored for the Aggregation to alteration in full not added than 5,300,000 shares of alternation B within the Aggregation on a banal barter to awning assertive funds, primarily amusing aegis expenses, which can motion in affiliation to the Lengthy-Time period Capricious Benefit Packages 2016 and 2017.

Every decision has alone been correct as much as the afterward Anniversary Accepted Assembly. Resolutions on alteration of treasury banal for the aim of the above-mentioned packages settle for accordingly been once more on the consecutive Anniversary Accepted Assembly.

In accordance with the resolutions on alteration of in full not added than 5,300,000 shares, 828,300shares of alternation B settle for been transferred as much as February 19, 2020.

Angle

The Board of Administrators proposes that the Anniversary Accepted Affair boldness that the Aggregation shall settle for the tailored to switch, above-mentioned to the Anniversary Accepted Affair 2021, not added than 4,471,700 shares of alternation B within the Firm, or the decrease cardinal of shares of alternation B, which as per March 31, 2020 charcoal of the aboriginal 5,300,000 shares, for the aim of accoutrement assertive funds, primarily amusing aegis accuse which will motion in affiliation to the Lengthy-Time period Capricious Benefit Packages 2016 and 2017. Alteration of shares shall be completed on Nasdaq Stockholm at a bulk aural the, at anniversary time, prevailing bulk breach for the share.

Majority guidelines

The decision of the Anniversary Accepted Affair on a alteration of treasury banal requires that shareholders captivation at atomic two-thirds of the votes casting as able-bodied because the shares represented on the Anniversary Accepted Affair vote in favor of the proposal.

Anniversary 20 – 23 Proposals from shareholders

The proposals beneath anniversary 20 – 23 are included within the agenda.

Anniversary 20.1 – 20.2 Proposals from the actor Thorwald Arvidsson to change the equipment of affiliation with anniversary to voting rights of shares

Decision on angle from the actor Thorwald Arvidsson to change the equipment of affiliation within the afterward approach:

1.  to perform an accession to 5 of the equipment of affiliation – a brand new space two – saying: all shares backpack in accordance rights; and

2. to annul 6 of the equipment of affiliation, and to acclimatize the calculation accordingly

Majority guidelines

The decision of the Anniversary Accepted Affair to change the equipment of affiliation beneath gadgets 20.1 and 20.2, are correct if all shareholders represented on the affair vote in favor of the angle and people shareholders symbolize at atomic nine-tenths of all shares within the firm, alternatively if shareholders apery at atomic two-thirds of the votes casting as able-bodied because the shares represented on the affair vote in favor of the angle and holders of bisected of all shares of alternation A and nine-tenths of the shares of alternation A represented on the affair accede to the change.

Shares and votes

There are in full 3,334,151,735 shares within the Firm; 261,755,983 shares of alternation A and three,072,395,752 shares of alternation B, agnate to in full 568,995,558.2 votes. The Firm’s captivation of treasury banal as of February 19, 2020 quantities to 16,000,276shares of alternation B, agnate to 1,600,027.6votes.

Recommendation on the Anniversary Accepted Affair

The Board of Administrators and the President shall, if any actor so requests and the Board of Administrators believes that it may be accomplished afterwards precise abuse to the Firm, accommodate recommendation apropos affairs which will have an effect on the appraisal of an anniversary on the calendar and affairs that may have an effect on the appraisal of the Firm’s or its subsidiaries’ banking bearings and the Firm’s affiliation to added corporations aural the Group.

Abstracts

The whole proposals of the Nomination Committee with anniversary to gadgets 1 and 9 – 15 above, together with an outline of the appointment of the Nomination Committee afore the Anniversary Accepted Affair and Exhibit 1 and a couple of to the Nomination Committee’s proposals, and the actor belletrist (in aboriginal language) beneath gadgets 20-22, are accessible on the Firm’s web site www.ericsson.com. The abstracts shall be beatific aloft attraction to shareholders accouterment their abode to the Firm. In anniversary of all added gadgets, full proposals are supplied beneath the agnate anniversary within the invitation.

The Anniversary Abode and the Auditor’s Abode as able-bodied because the Auditor’s anniversary apropos the rules for accomplishment to Accumulation administering shall be fabricated accessible on the Aggregation and acquaint on the Firm’s web site www.ericsson.com no afterwards than three weeks above-mentioned to the Anniversary Accepted Assembly. The abstracts shall be beatific aloft attraction to shareholders accouterment their abode to the Firm.

Stockholm, February 2020

The Board of Administrators

[1] Full actor return, i.e. allocation bulk advance together with dividends.

[2] To accommodate a abiding appraisal of efficiency, the TSR growth shall be affected based mostly on the boilerplate closing bulk of the Ericsson B allocation on Nasdaq Stockholm (or the agnate closing allocation bulk of the accordant affiliate accumulation firm) for the three-month aeon anon above-mentioned to the admission and cessation of the Accomplishment Interval.

[3] The Affiliate Accumulation consists of the afterward corporations: Cap Gemini, CGI Group, Cisco Techniques, Cognizant, Corning, F5 Networks, All-embracing Enterprise Machines, Juniper Networks, Motorola Options, Nokia, and Qualcomm. TSR shall be abstinent in Swedish Krona (SEK) for all corporations in band with greatest follow.

NOTES TO EDITORS: FOLLOW US: Subscribe to Ericsson columnist releases right here. www.twitter.com/ericssonwww.fb.com/ericssonwww.linkedin.com/firm/ericsson

MORE INFORMATION AT: 

Contact being Peter Nyquist, Head of Investor Relations Telephone: 46-10-714-64-99 E-mail: [email protected]

Traders Lena Häggblom, Director, Investor Relations Telephone:  46-10-713-27-78 E-mail:  [email protected] Stefan Jelvin, Director, Investor Relations Telephone: 46-10-714-20-39 E-mail: [email protected]

Rikard Tunedal, Director, Investor Relations Telephone: 46-10-714-54-00 E-mail: [email protected]

Media Collected Communications Telephone: 46-10-719-69-92 E-mail: [email protected]

About Ericsson

Ericsson permits communications account suppliers to abduction the abounding bulk of connectivity. The corporate’s portfolio spans Networks, Agenda Companies, Managed Companies, and Rising Enterprise and is suggested to recommendation our barter go digital, entry capability and acquisition new acquirement streams. Ericsson’s investments as well as settle for delivered the allowances of telephony and adaptable broadband to billions of our bodies concerning the world. The Ericsson banal is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

This recommendation was delivered to you by Cision http://information.cision.com

https://information.cision.com/ericsson/r/invitation-to-ericsson-s-annual-general-meeting-2020,c3040096

The afterward recordsdata are accessible for obtain:

https://mb.cision.com/Foremost/15448/3040096/1197740.pdf

Invitation to Ericsson’s Anniversary Accepted Affair 2020

Look aboriginal content material:http://www.prnewswire.com/news-releases/invitation-to-ericssons-annual-general-meeting-2020-301009023.html

SOURCE Ericsson

Copyright (C) 2020 PR Newswire. All rights aloof

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