Election and Remuneration of the Auditor

(Updated April 12, 2023)

The Company shall have one (1) auditor that has qualified as Certified Public Accountant and if the auditor is not an auditing company as defined by the law, one (1) deputy auditor shall be elected. The term of office of the auditor expires at the end of the following Annual General Meeting.

In the Annual General Meeting held on April 12, 2023, Ernst & Young Oy, authorized public accountants, was re-elected auditor of the company for a term of office ending at the end of the next Annual General Meeting. Ernst & Young Oy has notified that Mr. Jari Karppinen, APA, will act as the principal auditor. It was decided that the remuneration to the auditor shall be paid against the auditor´s reasonable invoice.

The auditor´s fees in 2022 amounted to EUR 102,000 (EUR 84,000 in 2021). Of the aggregate fees, EUR 91,000 was attributable to auditing (EUR 74,000 in 2021), EUR 7,000 to tax advice (EUR 8,000 in 2021), and EUR 4,000 to other services (EUR 2,000 in 2021).