Procurement of a Global Voting Service

AP1, AP2, AP3, and AP4 coordinate their global voting.Since 2009 the Funds have been voting at the

shareholder meetings of around 500 foreign companies. Each Fund makes its own decision in each individual

company.

During 2013 the Funds have voted at AGMs for approximately 500 companies spread over stock markets in

the US, Canada, Japan, UK, Switzerland, France, Germany, Spain, Italy and the Netherlands. During the next

coming 3 year period we plan to expand voting to maximum five new markets. It is important that the Funds

work procedure for global voting is simple to administrate. We want to control our voting policy and final vote

decision while outsourcing the processing and management parts of the process.

The procurement of global voting includes both:

- research and proxy voting service and

- advice and support

To facilitate our voting procedures and engagements, we have a global voting policy.