<SEC-DOCUMENT>0001140361-25-012227.txt : 20250404
<SEC-HEADER>0001140361-25-012227.hdr.sgml : 20250404
<ACCEPTANCE-DATETIME>20250404115159
ACCESSION NUMBER:		0001140361-25-012227
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250404
DATE AS OF CHANGE:		20250404

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ERICSSON LM TELEPHONE CO
		CENTRAL INDEX KEY:			0000717826
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				000000000
		STATE OF INCORPORATION:			V7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-35886
		FILM NUMBER:		25812590

	BUSINESS ADDRESS:	
		STREET 1:		TORSHAMNSGATAN 21 - 23
		CITY:			STOCKHOLM SWEDEN
		STATE:			V7
		ZIP:			164 83
		BUSINESS PHONE:		46107190000

	MAIL ADDRESS:	
		STREET 1:		S 164 83 STOCKHOLM
		CITY:			SWEDEN
		STATE:			V7
		ZIP:			0000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LM ERICSSON TELEPHONE CO
		DATE OF NAME CHANGE:	19911030

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INVESTOR AB
		CENTRAL INDEX KEY:			0000889232
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			V7

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		ARSENALSGATAN 8C
		STREET 2:		SE-103 32
		CITY:			STOCKHOLM
		STATE:			V7
		ZIP:			00000
		BUSINESS PHONE:		46-8-6142000

	MAIL ADDRESS:	
		STREET 1:		ARSENALSGATAN 8C
		STREET 2:		SE-103 32
		CITY:			STOCKHOLM
		STATE:			V7
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>SCHEDULE 13D/A</submissionType>
<previousAccessionNumber>0001140361-24-026954</previousAccessionNumber>
<filerInfo>
<filer>
<filerCredentials>
<cik>0000889232</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>



</filerInfo>
</headerData>
<formData>
<coverPageHeader>
<amendmentNo>1</amendmentNo>
<securitiesClassTitle>Class B Shares (SEK 5.00 nominal value)</securitiesClassTitle>
<dateOfEvent>04/04/2025</dateOfEvent>
<previouslyFiledFlag>false</previouslyFiledFlag>
<issuerInfo>
<issuerCIK>0000717826</issuerCIK>
<issuerCUSIP>294821608</issuerCUSIP>
<issuerName>ERICSSON LM TELEPHONE CO</issuerName>
<address>
<com:street1>Torshamnsgatan 21</com:street1>
<com:city>Stockholm</com:city>
<com:stateOrCountry>V7</com:stateOrCountry>
<com:zipCode>16483</com:zipCode>
</address>
</issuerInfo>
<authorizedPersons>
<notificationInfo>
<personName>Petra Hedengran</personName>
<personPhoneNum>46 8 614 20 00</personPhoneNum>
<personAddress>
<com:street1>Managing Director and General Counsel</com:street1>
<com:street2>Investor AB Arsenalsgatan 8C,</com:street2>
<com:city>Stockholm</com:city>
<com:stateOrCountry>V7</com:stateOrCountry>
<com:zipCode>SE-103 32</com:zipCode>
</personAddress>
</notificationInfo>
<notificationInfo>
<personName>Alan M. Klein, Esq.</personName>
<personPhoneNum>(212) 455-2000</personPhoneNum>
<personAddress>
<com:street1>Simpson Thacher &amp; Bartlett LLP</com:street1>
<com:street2>425 Lexington Avenue</com:street2>
<com:city>New York</com:city>
<com:stateOrCountry>NY</com:stateOrCountry>
<com:zipCode>10017</com:zipCode>
</personAddress>
</notificationInfo>
<notificationInfo>
<personName>Edgar J. Lewandowski, Esq.</personName>
<personPhoneNum>(212) 455-2000</personPhoneNum>
<personAddress>
<com:street1>Simpson Thacher &amp; Bartlett LLP</com:street1>
<com:street2>425 Lexington Avenue</com:street2>
<com:city>New York</com:city>
<com:stateOrCountry>NY</com:stateOrCountry>
<com:zipCode>10017</com:zipCode>
</personAddress>
</notificationInfo>
</authorizedPersons>
</coverPageHeader>
<reportingPersons>
<reportingPersonInfo>
<reportingPersonCIK>0000889232</reportingPersonCIK>
<reportingPersonName>INVESTOR AB</reportingPersonName>
<memberOfGroup>b</memberOfGroup>
<fundType>WC</fundType>
<citizenshipOrOrganization>V7</citizenshipOrOrganization>
<soleVotingPower>190729738</soleVotingPower>
<sharedVotingPower>0</sharedVotingPower>
<soleDispositivePower>190729738</soleDispositivePower>
<sharedDispositivePower>0</sharedDispositivePower>
<aggregateAmountOwned>190729738</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>6.2</percentOfClass>
<typeOfReportingPerson>OO</typeOfReportingPerson>
<commentContent>There is no CUSIP number assigned to the Class B Shares. CUSIP number 294821608 has been assigned to the American Depositary Shares ("ADSs") of the Company. Each ADS represents one Class B Share. Based on 3,086,495,752 Class B shares (SEK 5.00 nominal value) (the "Class B Shares") of LM Ericsson Telephone  Company outstanding, less 15,579,561 Class B Shares held in Treasury, in each case, as disclosed by the Issuer in its Report on Form 6-K filed with the Securities and Exchange Commission on March 26, 2025.</commentContent>
</reportingPersonInfo>
</reportingPersons>
<items1To7>
<item1>
<securityTitle>Class B Shares (SEK 5.00 nominal value)</securityTitle>
<issuerName>ERICSSON LM TELEPHONE CO</issuerName>
<issuerPrincipalAddress>
<com:street1>Torshamnsgatan 21</com:street1>
<com:city>Stockholm</com:city>
<com:stateOrCountry>V7</com:stateOrCountry>
<com:zipCode>16483</com:zipCode>
</issuerPrincipalAddress>
<commentText>This Amendment No. 1 (the "Amendment") to Schedule 13D amends and supplements the statement on Schedule 13D originally filed with the United States Securities and Exchange Commission (the "SEC") on May 21, 2024 (as amended, the "Schedule 13D") relating to Class B shares, SEK 5.00 nominal value (the "Class B Shares") of LM Ericsson Telephone Company, a limited liability company organized under the Swedish Companies Act (the "Issuer"). &#13;
&#13;
The Items herein amend the information disclosed under the corresponding Items of the Schedule 13D as described herein. Except as specifically provided herein, this Amendment does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used but not defined herein shall have the meanings attributed to them in the Schedule 13D.</commentText>
</item1>
<item2>
<filingPersonName>Item 2 of the Schedule 13D is hereby amended and supplemented to include the attached amended and restated Schedule A attached hereto as Exhibit 99.1.</filingPersonName>
</item2>
<item3>
<fundsSource>Item 3 of the Schedule 13D is hereby amended and supplemented as follows:&#13;
&#13;
Since the filing of the initial Schedule 13D on May 21, 2024, the Reporting Person purchased an aggregate of 19,746,806 Class B Shares in open market purchases for an aggregate cost of approximately SEK 1,243,465,975 or approximately $127,589,556. The funds used in making such purchases were from the working capital of the Reporting Person. The Class B Shares were purchased using Swedish Krona. For the purposes of this Schedule 13D, a conversion rate of USD 1.00 for 9.75 SEK was used.</fundsSource>
</item3>
<item4>
<transactionPurpose>Item 4 of the Schedule 13D is hereby amended and supplemented as follows:&#13;
&#13;
Mr. Jacob Wallenberg, Chairman of the Board of Investor AB, was appointed as a member of the Board of Directors of the Issuer in June, 2011 and currently serves as Vice Chairman. Mr. Christian Cederholm, Chief Executive Officer and member of the Board of Directors of Investor AB, was appointed as a member of the Board of Directors of the Issuer in March, 2025. As directors of the Issuer, each of Mr. Wallenberg and Mr. Cederholm may have influence over the corporate activities of the Issuer, including activities that may relate to transactions or other matters specified in clauses (a) through (j) of Item 4 of Schedule 13D.  As members of the Board of Directors of the Issuer, part of the director fees payable to Mr. Wallenberg and Mr. Cederholm may be paid in the form of synthetic shares. As of the date hereof, Mr. Wallenberg directly owns 427,703 Class B Shares and 41,653 synthetic shares and Mr. Cederholm directly owns 7,000 Class B Shares.&#13;
&#13;
Other than as described above, Reporting Person does not currently have any plans or proposals that relate to, or would result in, any of the matters listed in Items 4(a)-(j) of Schedule 13D, although, depending on the factors discussed herein, Reporting Person may change its purpose or formulate different plans or proposals with respect thereto at any time.</transactionPurpose>
</item4>
<item5>
<percentageOfClassSecurities>(a) Item 5 (a)-(c) of the Schedule 13D is hereby amended and restated as follows:&#13;
&#13;
The information set forth in Item 6 of this Schedule 13D and the responses of the Reporting Person to Rows (7) through (13) of the cover pages of this Schedule 13D are hereby incorporated by reference into this Item 5.&#13;
&#13;
Investor AB may be deemed to be the beneficial owner of the 190,729,738 Class B Shares held directly which represents approximately 6.2% of the total number of outstanding Class B Shares based on 3,086,495,752 Class B Shares of the Issuer outstanding, as disclosed by the Issuer in its Report on 6-K filed with the Securities and Exchange Commission on March 26, 2025, less 15,579,561 Class B Shares held in Treasury as disclosed therein.&#13;
&#13;
Investor AB may be deemed to be the beneficial owner of 120,762,803 Class A Shares.  Holders of Class A Shares are entitled to one vote for each Class A Share held on all matters submitted to a vote of stockholders and holders of Class B Shares are entitled to one vote per 10 Class B Shares held on all matters submitted to a vote of stockholders. Together, the Class B Shares and the Class A Shares beneficially owned by Reporting Person constitutes approximately 24.6% of the total voting power of the Issuer and approximately 9.3% of the total shares outstanding based on an aggregate of 3,332,672,174 Class A and Class B Shares outstanding.</percentageOfClassSecurities>
<numberOfShares>See Item 5(a) above.</numberOfShares>
<transactionDesc>None of the Reporting Persons has effected any transactions in the Class B Shares in the past 60 days.</transactionDesc>
</item5>
<item6>
<contractDescription>Item 6 of the Schedule 13D is hereby amended and restated as follows: &#13;
&#13;
The information set forth in Items 4 and 5 of this Schedule 13D is hereby incorporated by reference into this Item 6.&#13;
&#13;
On May 7, 2024, the Reporting Person issued 132,538 call options to Jan Carlson, the Chair of the Board of Directors of the Issuer at a price of SEK 15.09 per option. Each call option entitles Mr. Carlson to purchase of one Class B Share of the Issuer from the Reporting Person at a strike price of SEK 68.62 per share (to be recalculated to neutralize the effects of dividend payments and other value transfers during the option period). The exercise period commences on May 7, 2030 and terminates on May 7, 2031.</contractDescription>
</item6>
<item7>
<filedExhibits>Exhibit No.	  	Description&#13;
&#13;
99.1             		Schedule A Directors and Executive Officers of Investor AB</filedExhibits>
</item7>
</items1To7>
<signatureInfo>
<signaturePerson>
<signatureReportingPerson>INVESTOR AB</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Petra Hedengran</signature>
<title>Petra Hedengran, Managing Director and General Counsel</title>
<date>04/04/2025</date>
</signatureDetails>
</signaturePerson>
</signatureInfo>
</formData>

</edgarSubmission>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ef20046884_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <div style="text-align: right; font-weight: bold;"> Exhibit 99.1<br>
    </div>
    <div style="text-align: right;"> <br>
    </div>
    <div>
      <div style="text-align: justify; color: #000000; font-weight: bold;">SCHEDULE A<br>
      </div>
      <div style="text-align: justify; color: #000000; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; color: #000000;"><font style="font-weight: bold;"><u>Directors and Executive Officers of Investor AB</u></font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z72832b201c7f4ad6882a7e51f2506810" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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              <div style="text-align: center; color: #000000; font-weight: bold;">Name</div>
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            <td style="width: 14.03%; vertical-align: bottom; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000; font-weight: bold;">Position</div>
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            <td style="width: 15%; vertical-align: bottom; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000; font-weight: bold;">Citizenship</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000; font-weight: bold;">Present Principal</div>
              <div style="text-align: center; color: #000000; font-weight: bold;">Occupation</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000; font-weight: bold;">Business Address</div>
            </td>
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              <div style="text-align: center; color: #000000;">Jacob Wallenberg</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Chairman</div>
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            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Swedish</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director of various companies</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
            </td>
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              <div style="text-align: center; color: #000000;">Marcus Wallenberg</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Vice Chairman, Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Swedish</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director of various companies</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 4, SE-103 22 Stockholm, Sweden</div>
            </td>
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            <td style="width: 17.78%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Christian Cederholm</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">CEO, Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Swedish</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Chief Executive Officer, President, and Director, Investor AB</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
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            <td style="width: 17.78%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Katarina Berg</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Swedish</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Chief Human Resources Officer: Spotify; Director of various companies</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
            </td>
          </tr>
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            <td style="width: 17.78%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Gunnar Brock</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Swedish</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director of various companies</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
            </td>
          </tr>
          <tr>
            <td style="width: 17.78%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Tom Johnstone</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">British and Swedish</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director of various companies</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
            </td>
          </tr>
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              <div style="text-align: center; color: #000000;">Magdalena Gerger</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Swedish</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director of various companies</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
            </td>
          </tr>
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            <td style="width: 17.78%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Grace Reksten Skaugen</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Norwegian</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director of various companies</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
            </td>
          </tr>
          <tr>
            <td style="width: 17.78%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Hans Str&#229;berg</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Swedish</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director of various companies</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
            </td>
          </tr>
          <tr>
            <td style="width: 17.78%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Isabelle Kocher</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">French</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director of various companies</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
            </td>
          </tr>
          <tr>
            <td style="width: 17.78%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Sara &#214;hrvall Conradi</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Swedish</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director of various companies</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
            </td>
          </tr>
          <tr>
            <td style="width: 17.78%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Sven Nyman</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Swedish</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director of various companies</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
            </td>
          </tr>
          <tr>
            <td style="width: 17.78%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Mats Rahmstr&#246;m</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Swedish</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Director of various companies</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
            </td>
          </tr>
          <tr>
            <td style="width: 17.78%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Petra Hedengran</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Managing Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Swedish</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">General Counsel, Head of Corporate Governance and responsible for investments in EQT funds, Investor AB</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
            </td>
          </tr>
          <tr>
            <td style="width: 17.78%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Thomas Kidane</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Managing Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Swedish</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Co-Head of Patricia Industries</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
            </td>
          </tr>
          <tr>
            <td style="width: 17.78%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Yuriy Prilutskiy</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Managing Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">American</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Co-Head of Patricia Industries</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
            </td>
          </tr>
          <tr>
            <td style="width: 17.78%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Jenny Ashman Haquinius</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Managing Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Swedish</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Chief Financial Officer, Investor AB</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
            </td>
          </tr>
          <tr>
            <td style="width: 17.78%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Daniel Nodh&#228;ll</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Managing Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Swedish</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Head of Listed Companies, Investor AB</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
            </td>
          </tr>
          <tr>
            <td style="width: 17.78%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Jacob Lund</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Managing Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Swedish and Norwegian</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Chief Communications &amp; Sustainability Officer, Investor AB</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
            </td>
          </tr>
          <tr>
            <td style="width: 17.78%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Jessica H&#228;ggstr&#246;m</div>
            </td>
            <td style="width: 14.03%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Managing Director</div>
            </td>
            <td style="width: 15%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Swedish</div>
            </td>
            <td style="width: 21.52%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Head of Human Resources, Investor AB</div>
            </td>
            <td style="width: 30.77%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; color: #000000;">Arsenalsgatan 8C, SE-103 32 Stockholm, Sweden</div>
            </td>
          </tr>

      </table>
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</DOCUMENT>
</SEC-DOCUMENT>
