The company follows the NASDAQ OMX Helsinki Corporate Governance Code 2010 for Finnish listed companies. The governance code issued by the Securities Market Association took effect on October 1, 2010, and it is publicly available, e.g., on the Securities Market Association's Web site via the address www.cgfinland.fi. Vaahto Group deviates from the Finnish Corporate Governance Code Recommendation 9 concerning the gender parity of the Board. Suitable candidates as a Board member to meet the recommendations of the Corporate Governance Code has so far not found.

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Vaahto Group Plc Oyj P.O.Box 5 Laiturikatu 2
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Tel +358 20 1880 511 fax +358 20 1880 301 vaahtogroup@vaahto.fi email: firstname.lastname@ |