Kamux Oyj — Board/Management Information 2020

Sep 30, 2020

Kamux’s Shareholders’ Nomination Board Has Been Appointed

Kamux’s Shareholders’ Nomination Board Has Been Appointed

Kamux Corporation    Stock Exchange Release    30 September 2020 at 12:00

Kamux’s Shareholders’ Nomination Board Has Been Appointed

Kamux’s Shareholders’ Nomination Board has been established according to the
resolution of the Annual General Meeting held on April 21, 2020. The purpose of
the Shareholders’ Nomination Board is to annually prepare and present to the
Annual General Meeting, and to Extraordinary General Meeting when necessary, the
proposals for the composition of the Board of Directors (the amount of members
and the persons) and for the renumeration in accordance with the Renumeration
Policy for the Governing Bodies. In addition, the Nomination Board’s duty is to
look for successor candidates for the Board Members and to prepare the Board of
Directors’ principles regarding diversity.

The Nomination Board consists of four (4) members. The right to appoint members
representing the shareholders belongs to the three (3) shareholders, whose
proportions of the votes of all shares of the Company are the largest, according
to the shareholder register on the first business day of September preceding the
Annual General Meeting. In addition, the Chairperson of the Board of Directors
is a member of the Nomination Board. The representative of the largest
shareholder shall be selected as the Chairperson of the Nomination Board, unless
the Nomination Board decides otherwise.

The following members have been nominated to Kamux’s Shareholders’ Nomination
Board:

· Terho Kalliokoski, representing shareholders Juha Kalliokoski and Callardo
Capital Oy (Chairperson of the Nomination Board)
· Jan Lehtinen, representing shareholder Elo Mutual Pension Insurance Company
· Esko Torsti, representing shareholder Ilmarinen Mutual Pension Insurance
Company
· Harri Sivula, Chairperson of the Board of Kamux Corporation

The Nomination Board will give its proposal for the Company’s Board of Directors
at latest on the last business day of January preceding the Annual General
Meeting.

Kamux Corporation

Further information:

Harri Sivula

Chairperson of the Board of Directors

Contacts:

Satu Otala, Kamux communications, tel. +358 400 629 337

Kamux Corporation is a retail chain specializing in the sale of used cars and
related integrated services that has grown rapidly. Kamux combines online
shopping with an extensive showroom network to provide its customers with a
great service experience anytime, anywhere. In addition to digital channels, the
company has total of 78 car showrooms in Finland, Sweden and Germany. Since its
founding, the company has sold more than 280,000 used cars, 55,432 of which were
sold in 2019. Kamux’s revenue reached EUR 658.5 million in 2019. In 2019,
Kamux’s average number of employees was 595 in terms of full-time equivalent
employees. The shares of Kamux are listed on the Nasdaq Helsinki stock exchange.

www.kamux.com