The Composition of the Board

Under the articles of association, Morphic's Board should consist of at least three and no more than ten ordinary members with up to ten deputies. Board members are elected by the general meeting for the period until the end of the next Annual General Meeting. The Chairman of the Board is appointed by the general meeting, as prescribed in the Code.

At the AGM in 2011 it was decided to re-elect Jan Rynning (Chairman), Bo Hedenström, Henrik Bonde and Tove Langlet and election of Kåre Gilstring.

For board members, all independent of Morphic and its management except Kåre Gilstring. All Board members except Henrik Bonde and Kåre Gilstring are independent of Morphic's major shareholders (meaning the owners who control more than ten percent of the total number of shares or votes of the Company).