Shareholders’ Nomination Board

Shareholders’ Nomination Board is a body comprised of the Company’s shareholders or their representatives, the duty of which is to prepare proposals on the election and remuneration of the members of the Board of Directors for the Annual General Meeting.

The tasks of the Nomination Committee are:

• To prepare a proposal for the Annual General Meeting regarding the composition of the Board of Directors;

• To prepare a proposal for the Annual General Meeting regarding the remuneration of the Board of Directors and its possible committees in accordance with the remuneration policy presented to the General Meeting;

• To search for successor candidates for the Board of Directors;

• To present a proposal to the Annual General Meeting regarding the composition and remuneration of the Board of Directors

• To prepare the principles concerning diversity of the Board of Directors.

When planning the composition of the Board of Directors, the Nomination Committee evaluates the composition from the perspective of the Company’s current and future business needs and considers the diversity of the Board of Directors in accordance with the principles concerning the diversity of the Company’s Board of Directors.

In its activities, the Nomination Committee takes into account the Finnish Corporate Governance Code for listed companies, relevant regulations and recommendations, as well as the Company’s remuneration principles, shareholders’ expectations, and the Company’s interest.

The Shareholders’ Nomination Board consists of five (5) members, of which the Company’s five (5) largest shareholders are each entitled to appoint one (1). The Shareholders’ Nomination Board is established to operate indefinitely until decided otherwise by the General Meeting. The term of office of the members of the Shareholders’ Nomination Board ends when a new Shareholders’ Nomination Board has been appointed.