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Auditors

In accordance with the Articles of Association, the company’s statutory audit is performed one qualified auditor, which must be an auditing firm certified by the Central Chamber of Commerce of Finland. The auditor’s term covers the fiscal year during which the election was held, and the duty ends at the end of the first full Annual General Meeting after said election.

The Board’s proposal for auditor(s) is indicated in the invitation to the Annual General Meeting, or, if an auditor candidate is not known to the Board at the time the invitation is published, the name of the candidate(s) shall be published separately.

The Annual General Meeting of December 12, 2011, selected public auditing firm Ernst & Young Oy as the company’s auditor, with Panu Juonala, CPA, as chief auditor.

Auditors’ fees from the Group in the 2010–2011 fiscal period totaled 155,805 euros, of which audit fees accounted for 93,172 euros, with consulting and other fees accounting for the remaining 62,633 euros.