Audit Committee

The Company has an Audit Committee consisting of two members. The members and the chairperson of the Audit Committee shall be appointed and replaced by the Board of Directors. The appointed members of the Audit Committee are Silje Cathrine Hauland (chairperson) and Siv Jensen (committee member).

The purpose of the Audit Committee is to assist the Board of Directors in matters relating to financial reporting, audit, sustainability reporting and assurance of sustainability reporting and risk management. The Audit Committee is a preparatory body, and the Board of Directors has the overall responsibility for audit related matters. The Audit Committee is further not entitled to represent the Company or enter into any agreements in the name of the Company, other than to engage auditors and other external consultants when performing the Committee’s duties. It is the responsibility of the executive management to prepare financial statements in accordance with applicable law and regulations and of the auditors to audit or review those financial statements.