Long term incentive program ("LTIP")

Participation in LTIP 2024 requires that the participant owns a certain number of shares in Bravida throughout the term of the programme and that the participant is employed by Bravida throughout the period. For each share (‘Bravida Share’) held by the participant under LTIP 2024, the Company will allot up to three (3) or five (5) new shares in Bravida to the participant without compensation.

In order for the participants to receive full allotment of the number of Performance Shares under LTIP 2024, the Group EBITA shall amount to at least SEK 2,144 million (the ‘Target Number’). At the end of the Measurement Period, i.e. 31 December 2026, the Company's Group EBITA for the financial year 2026 will be compared to the Target. If the Company's Group EBITA for the financial year 2026 amounts to at least SEK 2,144 million, full allotment of the number of Performance Shares will be made to the participants.

The number of shares awarded depends on how well the set performance target is met. The performance target is that the 2026 consolidated earnings (EBITA) should amount to SEK 2,144 million for full vesting. For any shares to be allocated at all, a minimum level must be exceeded. The minimum level is set at 85 per cent of the target figure of SEK 2,144 million. All participants have the same performance target. In order for Performance Shares to be allocated, the minimum level must be reached. The minimum level under LTIP 2024 is 85 per cent of the Target. If the minimum level is not reached, no allotment of Performance Shares will be made. Any allotment will take place after the first interim report for 2027 is published.

Participation in LTIP 2023 requires participants to own a certain number of shares in Bravida throughout the term of the programme and requires that they are employed by Bravida during the entire period. For each share (Bravida share) held by participants under LTIP 2023, the company will allocate, at no cost, a maximum of three (3) or five (5) new shares in Bravida.

The number of shares allocated depends on the extent to which the defined performance target is met. The defined performance target is that the 2025 result (EBITA) of the Group shall amount to SEK 1,965 million to achieve full allocation. For any shares to be allocated at all, a minimum level must be exceeded. This minimum level is set at 85 percent of the target figure of SEK 1,965 million. All participants have the same performance targets. Any allocation takes place after the first interim report for 2026 has been published.

The CEO may participate with Bravida shares corresponding to a value of SEK 375,000 at the starting point. The CFO may participate with Bravida shares corresponding to a maximum value of SEK 300,000. Other members of the Group management may participate with Bravida shares corresponding to a maximum value of SEK 250,000. Regional Managers, certain Branch Managers and selected key personnel may participate with Bravida shares corresponding to a maximum value of SEK 62,500. In addition, certain key personnel may participate with shares corresponding to a maximum of SEK 37,500.

If the maximum outcome is achieved, and that all invested Bravida shares are retained in accordance with LTIP 2023 and the performance-based conditions are fulfilled to 100 percent, the cost for LTIP 2023 will amount to a maximum of approximately SEK 70 million in accordance with IFRS 2 and the cost for social security contributions to approximately SEK 19 million.

The offer is aimed at senior executives and other key personnel in the Bravida Group. Participation in LTIP 2022 requires participants to own a certain number of shares in Bravida throughout the term of the programme and requires that they are employed by Bravida for the etire period. For each share (Bravida share) held by participants under LTIP 2022, the Company will allocate, at no cost, a maximum of three (3) or five (5) new shares in Bravida to the participants. The number of shares allocated depends on the extent to which the defined performance target is met. The defined performance target is that the 2024 earnings (EBITA) of the Group are at least SEK 1,855,480,000 to achieve full allocation. For any shares to be allocated at all, a minimum level must be exceeded. This minimum level is set at 85 percent of the target figure of SEK 1,855,480,000. All participants have the same performance targets. Any allocation takes place after the first interim report for 2025 has been published.

The CEO may participate with Bravida shares corresponding to a value of SEK 300,000 at the starting point, the CFO may participate with Bravida shares corresponding to a maximum value of SEK 240,000, other members of the Group management may participate with Bravida shares corresponding to a maximum value of SEK 200,000, regional managers may participate with Bravida shares corresponding to a maximum value of SEK 50,000, branch managers whose branches on average during the last three years have earned more than 7 percent Group-EBITA and had sales of more than SEK 50 million may participate with Bravida shares corresponding to a value of SEK 50,000, branch managers whose branches on average during the last three years have earned more than 4 percent Group-EBITA (but less than 7 percent) and had sales of more than SEK 30 million (but less than SEK 50 million) may participate with Bravida shares corresponding to a value of SEK 30,000. In addition, certain other executives at the Group, divisional or regional level and certain key employees may participate with Bravida shares corresponding to either a maximum value of SEK 30,000 or a maximum value of SEK 50,000.

If the maximum outcome is achieved, and all invested Bravida shares are retained in accordance with LTIP 2022 and the performance-based conditions are fulfilled to 100 percent, the maximum cost for LTIP 2022 will amount to approximately SEK 46 million in accordance with IFRS 2 and the cost for social security contributions will amount to approximately SEK 10 million.