2022-01-24 08:00:00 CET

2022-01-24 08:00:12 CET


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SRV Yhtiöt Oyj - Other information disclosed according to the rules of the Exchange

SRV Group Plc: Proposals of the Shareholders' Nomination Board to the Annual General Meeting 2022


SRV GROUP PLC     STOCK EXCHANGE RELEASE     24 JANUARY 2022      09:00 EET

SRV Group Plc: Proposals of the Shareholders’ Nomination Board to the Annual
General Meeting 2022

The Shareholders' Nomination Board of SRV Group Plc submits the following
proposals to the Annual General Meeting planned to be held on 28 March 2022:

The Nomination Board proposes that five members will be elected to the Board of
Directors.

The Nomination Board proposes that present members Heli Iisakka, Timo Kokkila,
Hannu Leinonen, Heikki Leppänen and Tomi Yli-Kyyny be re-elected as members of
the Board of Directors. In addition, Nomination Board proposes that Tomi Yli
-Kyyny be re-elected as the Chairman of the Board of Directors.

All the nominees have given their consent to the position and they are
independent of the company and of the company’s significant shareholders except
for Timo Kokkila. Timo Kokkila is not independent of the company based on
overall evaluation, especially considering his consecutive membership of the
Board of Directors for more than 10 years. He is not independent of the
company’s significant shareholder AS Pontos Baltic, as he is the CEO of AS
Pontos Baltic.

The proposed members of the Board of Directors are presented on SRV’s website:
https://www.srv.fi/en/investors/cg/board-of-directors/members-board-directors/.

The Shareholders’ Nomination Board proposes that the remuneration of members of
the Board of Directors would remain unchanged and that the following annual fees
would be paid:

  · Board Chair, an annual fee of EUR 72,000 (year 2021: EUR 6,000 per month),
  · Vice Chair, an annual fee of EUR 48,000 (year 2021: EUR 4,000 per month),
  · Board member, an annual fee of EUR 36,000 (year 2021: EUR 3,000 per month),
and
  · Chair of the Audit Committee, an annual fee of EUR 48,000 (year 2021: EUR
3,000 per month), if he/she does not simultaneously act as Chair or Vice Chair
of the Board of Directors.

In addition, the Nomination Board proposes that EUR 700 fee per member per
meeting for Board and Committee meetings be paid (year 2021: EUR 700). Travel
expenses arising from work for the Board of Directors shall be reimbursed in
accordance with the company’s travel policy.

The Nomination Board proposes that the aforementioned annual fees be paid in SRV
Group Plc’s shares and in cash, with approximately 40% of the remuneration paid
in shares. After the transfer of shares, the remaining amount is to be paid in
cash. The company will acquire the shares in the name and on behalf of the Board
members. The company is responsible for the costs arising from the acquisition
of the shares. The shares are to be acquired within two weeks from the
publishing of the interim report for the first quarter of 2022, or as soon as it
is possible in accordance with applicable legislation.

As Chairman of the Shareholders’ Nomination Board has acted Ilpo Kokkila
(Chairman of the Board of Directors, Pontos Oy) and as members Mikko Mursula
(Chief Investment Officer, Ilmarinen Mutual Pension Insurance Company), Timo
Ritakallio (President and Group Chief Executive Officer, OP Financial Group) and
Tomi Yli-Kyyny (Chairman of the Board of Directors, SRV Group Plc).

For further information, please contact:
Ilpo Kokkila, Chairman of SRV Group Plc’s Shareholders’ Nomination Board, tel.
+358 (0)400 485 555, ilpo.kokkila@pontos.fi
Anu Tuomola, General Counsel, tel. +358 (0)50 4143 280, anu.tuomola@srv.fi

Distribution:
Nasdaq Helsinki
Main media
www.srv.fi

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SRV in brief
SRV is a developer and innovator in the construction industry. Our objective is
a new lifecycle-wise reality where solutions related to construction ensure well
-being, financial value and the benefit of users, residents and environment –
for years and generations to come. Our genuine cooperation and enthusiasm for
our work comes across in every encounter. Sustainability is reflected in all our
activities.

Our company, established in 1987, is listed on the Helsinki Stock Exchange. We
operate in growth centres in Finland and Russia. In 2020, our revenue totalled
EUR 975.5 million. In addition to about 1,000 SRV employees, we employ a network
of around 4,200 subcontractors.

SRV - Building for life