Code of Conduct

The Code of Conduct should serve as guidance in our daily work to ensure that everyone inthe organization and value chain - at all times - behaves with integrity, good judgment, andprofessionalism, for the benefit of the business and our customers.

The Code of Conduct has been adopted by the parent company Seafire and is also applicablefor all subsidiaries and should be communicated to all employees and suppliers within thegroup. Together with the Sustainability Policy, these will serve as minimum requirements andset guidelines for how stakeholders within our organization and value chain should act asresponsible companies, owners, and employers.

Message from the CEO

Seafire is a long-term and active owner that develops our companies with sustainability infocus. Since the subsidiaries’ operations are highly specialized, we have chosen to adopt agovernance model where the subsidiaries individually have a significant responsibility instrategic matters and great freedom in daily decisions.

Delegating responsibility and authority to the right employees is an important part of our keysuccess factor. Our employees are highly competent and strongly contribute to stability andindependence within the group. A prerequisite for us to continue to create value and growsuccessfully is that all employees share our views on business and act based on certainprinciples within the group.Group-wide principles may seem like common sense, but the more we grow and the moreemployees we have, the greater the value and need to define these principles andcommunicate them continuously.

Together, we have developed this Code of Conduct to support and clarify the overarching andfundamental principles that we as employees, employers, and companies should adhere to inrelationships and contacts with other stakeholders such as other employees, suppliers,customers, partners, and society. Our belief is that together we become stronger and better.

Purpose and scope

The Code of Conduct has been adopted by the parent company Seafire and is also applicablefor all subsidiaries and should be communicated to all employees and suppliers within thegroup. Together with the Sustainability Policy, these will serve as minimum requirements andset guidelines for how stakeholders within our organization and value chain should act asresponsible companies, owners, and employers.

Seafires Code of Conduct