Erik Must

Erik Must (born 1943), member

Education

Degree in Business Administration (siviløkonom) from Copenhagen Business School.

Professional career

Mr Must has previously been managing director and chair of Fondsfinans and has extensive experience from
Norwegian industrial and financial activities.

Directorships and positions of trust (current)

Mr Must is chair of the board of several companies: Must Holding AS and the company’s wholly-owned
subsidiaries, Must Invest, Fondsavanse and Fondsfinans Kapitalforvaltning. He is a member of the board of the SAM fund for medical research. Mr Must is also a member of the nomination committees at
Kongsberggruppen, Gyldendal, Veidekke and PCI Biotech.

Previous appointments (selection)

He has been the chairman of the board of directors at Fondsfinans and Arendals Fossekompani and a board
member of the Kongsberggruppen, Gyldendal, Norges handels- og sjøfartstidende (NHST), the Norwegian
Trekking Association, the Norwegian Museum of Cultural History and the Biotechnology Centre at the
University of Oslo. He has also been a member of the nomination committees at Telenor ASA and Oslo Børs
VPS.

Mr Must and his companies are among Borregaard’s largest owners.