Election and Remuneration of the Auditor

(Updated March 20, 2019)

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.

The General Meeting 2018 re-elected Ernst & Young Oy, authorized public accountant firm, auditor of the company. Ernst & Young Oy has notified that Mr. Juhani Rönkkö, CPA, will act as the responsible auditor. The remuneration to the auditor shall be paid against the auditor´s reasonable invoice.

The auditor´s fees in 2018 amounted to EUR 112,000 (EUR 133,000 in 2017). Of the aggregate fees, EUR 90,000 was attributable to auditing (EUR 93,000 in 2017), EUR 16,000 to tax advice (EUR 29,000 in 2017) and EUR 6,000 to other services (EUR 11,000 in 2017).