Bahare Hederstierna

Elected: 2015.

Born: 1981.

Education: M.Sc. (Econ.).

Main occupation: Vice President Global Sales of Knorr Bremse GmbH.

Other directorships: None.

Work experience: Fifteen years within purchasing and supply chain in the vehicle industry. Broad experience of various global leadership roles in Sourcing at Volvo Cars and Volvo Trucks, most recently as Strategic Purchasing Manager for electronics at Knorr Bremse GmbH.

Holding of NOTE shares*: 5,000

Independent in relation to the company and management: Yes.

Independent in relation to the company's major shareholders: Yes.