CTT Systems applies the Swedish Code of Corporate Governance (“Code” – http://www.bolagsstyrning.se/). The Corporate Governance Report has been prepared in accordance with the Swedish Annual Accounts Act and the Swedish Companies Act, Nasdaq Stockholm’s regulations for issuers, the Code, and other applicable Swedish laws and regulations. In addition to rules pursuant to law or other legislation, CTT uses dilgent internal control as basis for CTT’s corporate governance, including the Articles of Association, Rules of procedures for the Board of Directors and the CEO, policy documents and the Code of Conduct.

Governance in CTT Systems takes place through the shareholders via General Meetings of Shareholders, the Board of Directors, the CEO and the senior executive management of CTT Systems in accordance with, among other things, the Swedish Companies Act, other laws and regulations, the Articles of Association and the Rules of Procedure for the Board of Directors.