Oriola Oyj — Proxy Solicitation & Information Statement 2021

Dec 22, 2021

Proposals of the Shareholders’ Nomination Board of Oriola Corporation concerning the Board of Directors to be elected by the 2022 Annual General Meeting

Proposals of the Shareholders’ Nomination Board of Oriola Corporation concerning the Board of Directors to be elected by the 2022 Annual General Meeting

Oriola Corporation Stock Exchange Release 22 December 2021 at 2 p.m.

Proposals of the Shareholders’ Nomination Board of Oriola Corporation concerning
the Board of Directors to be elected by the 2022 Annual General Meeting

Oriola’s Shareholders’ Nomination Board has presented its proposal to the 2022
Annual General Meeting concerning the composition of the Board of Directors as
follows:

· The number of members of the Board of Directors would be six
· The present members of the Board of Directors Eva Nilsson Bågenholm, Juko
-Juho Hakala, Harri Pärssinen, Lena Ridström and Panu Routila would be re
-elected
· Nina Mähönen would be elected new member of the Board of Directors
· Panu Routila would be re-elected Chairman of the Board of Directors

The Nomination Board has assessed all candidates to the Board of Directors to be
independent of the company and its major shareholders.

Anja Korhonen, member of the Board of Directors since 2014, has informed the
Nomination Board that she is not available for re-election to the Board of
Directors.

The Nomination Board also proposes to the 2022 Annual General Meeting that the
remunerations would remain unchanged and be paid to the members of the Board of
Directors as follows:

· Chairman of the Board: fee for term of office of 60,000 euros
· Vice chairman of the Board: fee for term of office of 36,000 euros
· Chairman of the Audit Committee: fee for term of office of 36,000 euros
· Other members of the Board: fee for term of office of 30,000 euros
· Attendance fees would also remain unchanged and be paid as follows: for
Board of Directors meetings 1,000 euros per meeting to the Chairman and 500
euros per meeting to members, and for committee meetings 1,000 euros per meeting
for the committee chairman and 500 euros per meeting to members
· Of the fees for term of office, 40 per cent would be paid in Oriola
Corporation's class B-shares and 60 per cent would be paid in cash
· Travel expenses would be reimbursed in accordance with the travel policy of
the company

The Board of Directors of Oriola will include these proposals of the Nomination
Board in the notice of the 2022 Annual General Meeting.

Oriola’s Shareholders’ Nomination Board consists of: Chairman Pekka Pajamo
(Senior Vice-President, Finance, Varma Mutual Pension Insurance Company) as
chairman and Peter Immonen (Chairman of the Board of Directors of WIP Asset
Management Oy, member of the Board of Directors of Mariatorp Oy and Wipunen
varainhallinta Oy), Mikael Aro (Senior Industry Expert, Triton), Annika Ekman
(Head of Direct Equity Investments, Ilmarinen Mutual Pension Insurance Company),
Into Ylppö (M.Sc. [Econ.]) and Panu Routila (Chairman of the Board of Directors
of Oriola) as an expert member.

Presentation of Nina Mähönen:
Nina Mähönen (b. 1975, Finnish citizen, M.Sc.) will start as Palmia’s Managing
Director as of January 2022. Prior to this, she has worked in several director
positions at VR Group from 2006, latest as Senior Vice President, Train
Operations & Safety and as a member of the VR Group’s Management Team.
Oriola Corporation

Further information:

Pekka Pajamo
Chairman of the Shareholders’ Nomination Board
e-mail: pekka.pajamo@varma.fi

Petter Sandström
General Counsel, secretary to the Board of Directors
tel. +358 10 429 5761
e-mail: petter.sandstrom@oriola.com

Distribution:
Nasdaq Helsinki Ltd
Key media

Released by:
Oriola Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo
www.oriola.com