Annual general meeting of Aktieselskabet Schouw & Co.

16 Apr 2026 15:55 CEST

The Company's annual general meeting was held today at Hermans, Tivoli Friheden,
DK-8000 Aarhus C, with approx. 600 people present.

Report by the Board of Directors
The Chairman of the Board of Directors presented the report on the Company's
activities during the past financial year. The previously announced full-year
guidance was reiterated; however, the unpredictable global situation naturally
necessitates close monitoring of developments. The report was duly noted by the
shareholders.

Approval of annual report, allocation of profit and discharge of liability
The annual report for 2025 including the Board of Director's recommendation for
allocation of profit and the payment of a dividend of DKK 17 per share of
nominally DKK 10 was approved as well as the customary resolution to discharge
the Board of Directors and the Executive Management from liability.

Indicative vote on the remuneration report
The Company's remuneration report for 2025, which was presented for an
indicative vote, was approved.

Proposals from the Board of Directors
The Board of Directors' proposal of a revised remuneration policy for the Board
of Directors and the Executive Management was approved.

The Board of Directors' proposal to increase the annual base fee to board
members to DKK 450,000 for 2026 was approved.

Election of members to the Board of Directors
Jørgen Dencker Wisborg, Kenneth Skov Eskildsen, Hans Martin Smith, Søren Stæhr
and Sisse Fjelsted Rasmussen were all re-elected as members of the Board of
Directors. Furthermore, Michael Hansen was elected as a new member of the Board
of Directors.

Appointment of auditor
PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab was re-appointed
as the Company's auditor in relation to statutory financial reporting and
sustainability reporting in accordance with the recommendation from the audit
committee.

Authorisation to the chairman of the general meeting
The shareholders authorised the chairman of the meeting, or whoever the chairman
may be replaced by in his absence, to file the resolutions approved by the
general meeting for registration with the Danish Business Authority.

Any other business
No other business was considered.

Constitution of the Board of Directors and composition of the board committees
Immediately after the general meeting, the Board of Directors elected Jørgen
Dencker Wisborg as chairman and Kenneth Skov Eskildsen as deputy chairman of the
Board of Directors.

The Board appointed Hans Martin Smith (chairman), Jørgen Dencker Wisborg and
Sisse Fjelsted Rasmussen to the Audit Committee.

The Board appointed Jørgen Dencker Wisborg (chairman) and Kenneth Skov Eskildsen
to the Nomination and Remuneration Committee.

Aktieselskabet Schouw & Co.

Jørgen Dencker Wisborg, Chairman of the Board of Directors
Jens Bjerg Sørensen, President and CEO

Please direct any questions to President Jens Bjerg Sørensen on tel.
+45 86 11 22 22.

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670816_2026-04-16 FBM26-21 AGM minutes ENG.pdf