The Share

Listing
The Intrum Justitia share has been listed on NASDAQ OMX Stockholm since June 2002. A trading lot comprises 100 shares. Since June 2006 the share is quoted on NASDAQ OMX Stockholm's Mid Cap list of companies with a market capitalization between EUR 150 M and EUR 1 billion.

Share capital
Intrum Justitia AB's share capital amounted to SEK 1,599,893.02 on December 31, 2009, distributed among 79,994,651 shares, each with a quota value of SEK 0.02. All the shares have one vote and share equally in the company's assets and earnings.

Share-based payment for employees
Performance-Based Share Program
The Annual General Meeting in 2008 resolved to approve a Performance- Based Share Program for 2008 comprising not more than 300,000 performance shares allocated to not more than 70 persons (the CEO and President, other key executives and key managers). A performance share under the program confers the right to acquire one share in Intrum Justitia at a future date for SEK 10. The program is divided into two parts, one of which, corresponding to 50 percent of the performance shares, has a performance period extending from January 1, 2008 to December 31, 2009 and can be exercised during the period May 15, 2010-May 15, 2012. The conditions regarding e.g., growth in earnings per share have not been met and this part of the program will lapse. The other part, corresponding to 50 percent of the performance shares, has a performance period extending from January 1, 2008 to December 31, 2010 and can be exercised during the period May 15, 2011-May 15, 2013. Furthermore, the participant must, as a rule, remain employed by Intrum Justitia until the first day that the performance shares can be exercised, i.e., May 15, 2010 and May 15, 2011, respectively. The performance shares outstanding as per December 31, 2009 could entitle 38 employees to acquire a total of not more than 137,485 shares in Intrum Justitia AB. As existing shares will be delivered upon exercise of the performance shares, the total number of shares outstanding will not increase in connection with the exercise of the performance shares. See also Note 32, page 59. No corresponding share-based program was adopted in 2009.

Market capitalization, price trend and turnover
In 2009 the price of the Intrum Justitia rose from SEK 78.50 to SEK 89.75, or by 14.3 percent. During the same period the NASDAQ OMX Stockholm Index increased by 43.7 percent. The lowest price paid for the share during the year was SEK 50.75, on March 2, and the highest was SEK 91.00, on November 12. Intrum Justitia's year-end share price gives it a market capitalization of SEK 7,157 M (6,247). Share trades were settled on every business day of the year. An average of 402,383 shares was traded per day (287,321). The turnover rate, i.e., the share's liquidity, was 0.92 (0.91), against 1.07 (1.32) for NASDAQ OMX Stockholm as a whole.

Shareholders
At year-end 2009 Intrum Justitia had 7,154 shareholders, compared with 6,320 a year earlier. The eleven members of the Group Management Team held a combined 797,417 Intrum Justitia shares and 57,674 performance shares at year-end. Moreover, CEO Lars Wollung and Regional Managing Director of the time Monika Elling had 280,000 and 100,000 call options, respectively, issued by Cevian Capital. Intrum Justitia's Board Members owned 43,842 shares and a total of 85,000 call options issued by Cevian Capital. At year-end 2009 Intrum Justitia AB was holding 250,000 treasury shares.

Dividend policy
Intrum Justitia's Board of Directors has as its aim to annually propose that shareholders receive a dividend or equivalent form of distribution that over time averages at least half of net earnings for the year, after tax. Decisions relating to the dividend proposal take into account the company's future revenues, financial condition, capital requirements and situation in general. For fiscal year 2009 the Board is proposing a dividend of SEK 3.75 per share, corresponding to approximately 68 percent of net earnings after tax. The proposed record day for the dividend is March 30, 2010.