Estrid Sweden AB's Code of Conduct

Purpose

This Code of Conduct (the "Code") of Estrid Sweden AB (the "Company") establishes the ethical principles to be followed. It sets forth how we are expected to interact with our stakeholders, colleagues, customers, and with the outside world. It is a set of principles that we should comply with within our daily work and which describes our common culture. The Code may, however, not address every situation we face at work. Therefore, the Code is by no means a substitute for our good and unbiased judgment. We must remember that each of us is responsible for our own actions.

The Code has been approved by the board of Estrid Sweden AB. It is reviewed on an annual basis and revised when necessary.

Scope

The Code applies to all of us - the board, the general management team, employees, consultants, suppliers, partners, and any other party or individual acting on the Company's behalf.

All managers have a certain responsibility to lead by example and to conduct business in accordance with the Code. Managers shall make sure that all team members get the training they need to understand the Code as well as other applicable policies.

Compliance with law

We comply with all national and international laws and regulations which apply to the Company's business. This includes, but is not limited to, applicable competition laws, general data protection regulations, work environment regulations, tax laws and anti-corruption regulations. All employees, and others acting on the Company's behalf, must protect the company's legality. Violation of law may cause major damage to the Company and its reputation.

Environmental and social standards

All suppliers and manufacturers follow our ESG standards and comply with all applicable environmental, health, and safety regulations, promoting the safe and environmentally sound development, manufacturing, transport, use, and disposal of your products. Resources are used efficiently, applying energy-efficient and environmentally friendly technologies and reducing waste, as well as emissions to air, water, and soil. Our suppliers support the protection of internationally proclaimed human rights, fight forced labor (including modern slavery and human trafficking), and child labor. They treat their employees with respect and provide a workplace free of harassment or abuse of any kind, harsh and inhumane treatment, unlawful practices, or discrimination.

A work environment free of discrimination and harassment

All of us need a healthy and safe workplace and therefore the Company's work environment shall be organized in such a way that no employee is subject to work-related illnesses or injuries. The work environment shall be characterized by openness and all individuals shall be treated equally and with respect. All forms of bullying, discrimination and harassment are unacceptable and may not occur. No one shall experience discrimination due to sex, transgender identity or expression, ethnicity, religion or other belief, disability, sexual orientation, age, trade union membership or pregnancy. Neither does the company accept any physical, verbal or sexual harassment.

Conflict of interest

All employees, and others acting on the Company's behalf, are required to conduct at all times in accordance with good professional judgement for the sole benefit of the Company and in such a manner as to not create a conflict of interest or appearance of such conflict.

A conflict of interest exists when an employee's duty to give individual loyalty to the Company can be prejudiced by actual or potential benefit from another source. An employee should refrain from entering into any particular transaction or establishing any business relationship with others if the employee's duty of loyalty and diligence to the Company is or may be impaired.

No tolerance for corruption and bribery

The Company does not tolerate any corrupt activities. Corruption is a form of dishonesty or criminal offense undertaken by a person entrusted with a position of authority, to acquire illicit benefit or abuse power for one's private gain. This prohibition applies to all business activities and transactions that the Company participates in.

Bribery can be defined as the offering, giving, receiving, or soliciting of any item of value to influence an action or decision. The Company does not accept any forms of bribery, regardless of its nature.

Confidentiality

Confidential information is a valuable asset for the Company and all employees, and others acting on the Company's behalf, are obliged to protect it. Confidential information includes all non-public information. It also includes personal information obtained from any source in the course of business. An important element of such protection is maintaining the confidentiality of confidential information and other proprietary information.

If any doubt exists as to what information is deemed to be confidential, the employee should consult with his/her/their manager.

Communication

This Code is also applicable when using social media. No confidential information regarding the Company, employees, or similar may be disclosed on such platforms. In addition, you are not allowed to make any statements on the Company's behalf to the media or other external parties without the Company's prior consent. It is not acceptable to publicly disparage the Company, partners, colleagues, or other stakeholders of the Company.

Company property

All employees may only use company property and resources for their intended purposes. Employees are required to protect company property and use company equipment carefully. All cases of wasting, misusing, destroying, or stealing company property or engaging in unusual or illegal activities must be immediately reported to the responsible manager.

Employees are also responsible for helping reduce the chances and impacts of theft of technological tools or related information and any other piece of company equipment.

Employees who leave the Company must return all equipment, documents, or data belonging to the Company, such as computer equipment, databases, cell phones, books, manuals, etc.

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