Independent member of the board since 2020.

Re-elected in 2021. The election period expires in 2022.

Claus Bayer has an Academy Profession Degree in Financial Management from Niels Brock Copenhagen Business College and an MBA from Harvard Business School. Claus Bayer has run an

independent consulting business within the field of corporate finance since 2012, assisting with corporate transactions, valuations and ownership restructuring.

From 2007 to 2012, he was employed as deputy director and Head of M&A at Royal Unibrew, where he was heavily involved in the company's successful

turn-around. Claus Bayer's knowledge of the brewing industry and experience with turn-around, restructuring and strategy work are important contributions to the work of the board.

Chairman of the Remuneration Committee.

Member of the Audit Committee and the Nomination Committee.

Holdings of Harboe shares: 10,000 shares.

OTHER MANAGEMENT POSITIONS

CEO, Pinehill ApS

BOARD MEMBERSHIPS

Tømmerhandler Johannes Fogs Fond (Foundation)