Page 2 - Code of conduct

“It is every To all Indutrade employees

employee’s Indutrade’s business philosophy – entrepreneurship and decentralised leadership – is one of the keys to the
company’s success and has been so since the start in 1978. Indutrade continues to grow through acquisitions
responsibility – of well-run and profitable companies, which from day one share our values and our approach to doing busi-
ness. With more companies and more employees in more countries, we have a greater need to highlight and
mine and yours – clarify – both for ourselves and those in the world around us – the foundation for our approach.

to know the A philosophy based on great freedom with responsibility puts high demands on every individual employee’s
integrity. Through professional, honest and ethical conduct, we are building a company culture in which we
Code of Conduct effectively and credibly deliver good results and create value for colleagues, customers, suppliers and other

business partners. In this Code of Conduct we lay out a few essential and overarching principles and guide-
and abide by it in lines which support our decision-making. It reflects who we want to be and how we want to be perceived.

our daily work.” It is every employee’s responsibility – mine and yours – to know the Code of Conduct and abide by it in our

daily work. I encourage you to discuss the Code of Conduct with your workmates, your manager, or with me
and my colleagues in Group Management. By keeping this discussion alive we further shape the company
culture that we are all proud of.

Bo Annvik, President and CEO

II 1