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 2017 re-elected Ernst & Young Oy, authorized public accountant firm, as 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 2017 amounted to EUR 133,000 (EUR 206,000 in 2016). Of the aggregate fees, EUR 93,000 was attributable to auditing (EUR 55,000 in 2016), EUR 29,000 to tax advice (EUR 40,000 in 2015) and EUR 11,000 to other services (EUR 110,000 in 2016).