Election and Remuneration of the Auditor

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 2020 re-elected Ernst & Young Oy, authorized public accountant firm, auditor of the company. Ernst & Young Oy has notified that Mr. Jari Karppinen, APA, will act as the responsible auditor. The General Meeting decided that the remuneration to the auditor shall be paid against the auditor´s reasonable invoice.

The auditor´s fees in 2020 amounted to EUR 102,000 (EUR 114,000 in 2019). Of the aggregate fees, EUR 85,000 was attributable to auditing (EUR 92,000 in 2019), EUR 15,000 to tax advice (EUR 7,000 in 2019) and EUR 2,000 to other services (EUR 15,000 in 2019).