Shareholders' Nomination Committee

Solteq Plc’s Shareholders' Nomination Committee (hereinafter “the Nomination Committee”) is an organ established by the shareholders of the Company, whose task is to prepare proposals for the election and remuneration of the members of the Board of Directors and proposals for the remuneration of Board committees for the General Meeting.

Annual General Meeting 2023 decided to establish the Nomination Committee and confirmed its rules of procedure.

The Nomination Committee consist of a maximum of four (4) members representing Solteq’s four (4) largest shareholders, representing the largest proportion of the votes attached to all Solteq shares on August 31 in the year preceding the Annual General Meeting.

• Markku Pietilä, Chairman of the Board, nominated by Profiz Business Solution Oy (10.98% shares and votes)
• Jukka Vähäpesola, Head of Equities, nominated by Keskinäinen Työeläkevakuutusyhtiö Elo (10.31% shares and votes)
• Karoliina Lindroos, Head of Responsible Investment and Sustainability, nominated by Keskinäinen Eläkevakuutusyhtiö Ilmarinen (8.51% shares and votes)
• Hanna Kaskela, Senior Vice President of Sustainability & Communications, nominated by Keskinäinen työeläkevakuutusyhtiö Varma (7.97% shares and votes)

The duties of the Nomination Committee include:

(i) prepare a proposal to the Annual General Meeting on the number of the members of the Board of Directors and present it to the Annual General Meeting;

(ii) prepare a proposal to the Annual General Meeting on the election of the Chairman and the members of the Board of Directors and present it to the Annual General Meeting;

(iii) review the remuneration policy of the company's governing bodies concerning remuneration of the members of the Board of Directors;

(iv) prepare a proposal to the Annual General Meeting on the remuneration of the Chairman and members of the Board of Directors and the Chairman and members of the Board Committees, in accordance with the Company's remuneration policy of governing bodies, and present it to the Annual General Meeting; and

(v) evaluate the Board of Directors’ continuity plan and seek potential candidates for the succession of the members of the Board of Directors.