Componenta - Decisions of general meeting

Resolutions of Annual General Meeting and Board of Directors of Componenta Corporation

Componenta Corporation Stock Exchange Release, 9 April 2021 at 12.10 pm Finnish
time

Componenta Corporation’s Annual General Meeting was held today, 9 April 2021, in
Vantaa. In order to limit the spread of the COVID-19 pandemic, the Annual
General Meeting was held without the presence at the meeting venue. It was
possible for shareholders and their proxy representatives to participate in the
meeting and exercise their shareholder rights only by voting in advance and by
submitting counterproposals and questions in advance.

The AGM supported all the proposals presented to the meeting and approved the
remuneration report. The AGM adopted the company’s financial statements and
consolidated financial statements and discharged the members of the Board of
Directors and the President and CEOs from liability for the financial period of
1 Jan – 31 Dec, 2020.

Resolution on the use of profit shown on the balance sheet

In accordance with the proposal by the Board of Directors, the AGM decided that
no dividends will be distributed on the basis of the balance sheet established
for the financial year that ended on 31 December 2020.

Composition and remuneration of the Board of Directors

In accordance with the proposal by the Shareholders’ Nomination Board, the AGM
resolved that the annual remuneration payable to the Chairman of the Board shall
be EUR 50,000 and the annual remuneration payable to other members of the Board
of Directors shall be EUR 25,000. In addition, the members of possible
committees of the Board of Directors will be paid an annual remuneration of EUR
5,000. Travel expenses of the members of the Board of Directors shall be
compensated in accordance with the company’s travel policy.

In accordance with the proposal by the Shareholders’ Nomination Board, the
number of members of the Board of Directors was confirmed to be four (4). The
AGM re-elected the current members of the Board of Directors Harri Suutari, Anne
Leskelä and Petteri Walldén and elected Thomas Hedenborg as a new member. The
term for the members of the Board of Directors expires at the close of the next
AGM.

At its organizing meeting held after the AGM, the Board of Directors elected
Harri Suutari as Chairman of the Board and Anne Leskelä as Vice Chairman of the
Board.

Election and remuneration of the Auditor

The AGM elected the audit firm PricewaterhouseCoopers Oy as the Auditor for the
term expiring at the close of next AGM. PricewaterhouseCoopers Oy has informed
that Samuli Perälä, Authorised Public Accountant, will act as the responsible
auditor. The renumeration for the Auditor will be paid according to an invoice
approved by the company.

Authorising the Board of Directors to decide on the share issue

The AGM authorised the Board of Directors to decide on share issues in
accordance with the proposal by the Board of Directors.

The issuance of shares may be carried out by offering new shares or by
transferring treasury shares held by the company.

The number of shares to be issued or transferred under the authorisation may not
exceed 940,000 shares, which corresponds to approximately 9.9% of all shares in
the company. The new shares may be issued and the treasury shares held by the
company may be transferred for consideration or without consideration.

The Board of Directors will decide on all other terms and conditions of the
share issues. On the basis of the authorisation the Board of Directors may
decide on a share issue in deviation of the pre-emptive subscription right of
the shareholders (directed issue) subject to conditions mentioned in the Finnish
Limited Liability Companies Act. The Board of Directors may use authorisation
for instance as compensation in acquisitions, to develop capital structure, to
broaden the ownership base, to acquire assets related the company’s business or
to finance or carry out other business transactions or other purposes decided by
the Board of Directors.

The authorisation is valid until the end of the next Annual General Meeting, but
no longer than 30 June 2022. The authorisation shall not revoke earlier valid
and non-utilized authorisations to decide on share issues.

Minutes of the General Meeting

The minutes of the General Meeting will be made available at the Componenta
website at www.componenta.com no later than on 23 April 2021.

COMPONENTA CORPORATION

Sami Sivuranta
President and CEO

For further information, please contact:

Sami Sivuranta, President and CEO, tel. +358 10 403 2200
Marko Karppinen, CFO, tel. +358 10 403 2101

Componenta is an international technology company with operational functions
located in Finland. Componenta has an extensive technology portfolio. The
company manufactures both cast and machined metal components, as well as forged
blanks, pipe products and metal sheet cuttings for its customers, comprising
both local and global vehicle, machine and equipment manufacturers. The
company’s stock is listed on the Nasdaq Helsinki.