Raute Oyj — Board/Management Information 2021

Feb 19, 2021

Appointments committee's proposal regarding composition of Raute Corporation's Board of Directors

Appointments committee's proposal regarding composition of Raute Corporation's Board of Directors

RAUTE CORPORATION STOCK EXCHANGE RELEASE 19 FEBRUARY 2021 at 11:20 a.m.

APPOINTMENTS COMMITTEE'S PROPOSAL REGARDING COMPOSITION OF RAUTE CORPORATION'S
BOARD OF DIRECTORS

Raute Corporation's Appointments Committee has informed that it will propose to
the Annual General Meeting convening on 31 March 2021 that the number of the
Board members is six. The Appointments Committee proposes that Ms. Laura Raitio,
Lic.Tech. (Forest products technology), be re-elected as Chair of the Board of
Directors, Mr. Mika Mustakallio, M.Sc. (Econ.), be re-elected as Vice-Chair of
the Board of Directors and Mr. Joni Bask, M.Sc. (Eng.), Mr. Ari Harmaala,
Engineer, Construction technology, Mr. Pekka Suominen, M. Sc. (Econ.), and Mr.
Patrick von Essen, M.Sc. (Eng.) be re-elected as members of the Board of
Directors.

The Appointments Committee further proposes that the remunerations to the Board
members shall continue to be 48,000 euros to the Chair of the Board and 24,000
euros to the Board members for the term of office.

Raute Corporation’s Appointments Committee consists of Chair of the Board Ms.
Laura Raitio, Vice-Chair Mr. Mika Mustakallio and Board member Mr. Pekka
Suominen.

The proposals above will be included in the notice to the Annual General Meeting
which will be published later.

RAUTE CORPORATION
Tapani Kiiski
President and CEO

FURTHER INFORMATION:
Ms. Laura Raitio, Chair of the Board, mobile +358 50 3860004
DISTRIBUTION:
Nasdaq Helsinki Ltd, main media, www.raute.com

RAUTE IN BRIEF:
Raute is a technology and service company that operates worldwide. Raute’s
customers are companies operating in the wood products industry that manufacture
veneer, plywood, LVL (Laminated Veneer Lumber) and sawn timber. Its technology
offering covers the entire production process for veneer, plywood and LVL and
special measurement equipment for sawn timber. As a supplier of mill-scale
projects, Raute is a global market leader both in the plywood and LVL
industries. Additionally, Raute’s full-service concept includes technology
services ranging from spare parts deliveries to regular maintenance and
equipment modernizations. Raute’s head office is located in Lahti, Finland. The
company’s other production plants are located in Kajaani, Finland, the Vancouver
area of Canada, the Shanghai area of China and in Pullman, Washington, USA.
Raute’s net sales in 2020 were EUR 115.0 million. The Group’s headcount at the
end of 2020 was 751. More information about the company can be found at
www.raute.com.