Shareholders' Nomination Board

The Shareholders' Nomination Board prepares a proposal to the Annual General Meeting on the composition of the Board of Directors and the remuneration to be paid to the members of the Board of Directors. The Nomination Board also prepares independence assessments to be carried out annually in connection with the presentation of the proposal concerning the members of the Board of Directors and annually at the constitutive meeting.

The Nomination Board consists of representatives of the four largest shareholders. Share ownership is determined based on the situation on the first working day of September. The committee meets as needed, but at least twice a year.

The Shareholders' Nomination Board consists of:

• Niina Arkko, Director, Sustainability, Aktia

• Timo Sallinen, Director, Head of Listed Securities, Varma Mutual Pension Insurance Company

• Harri Sjöholm, Chairman of the Board, Five Alliance

• Jukka Vähäpesola, Head of Equities, Elo Mutual Pension Insurance Company

The Nomination Board will choose a chair from among its members at its first meeting.