Appendix to EGM Invitation: Board Proposals

Proposals for the Extraordinary General Meeting on June 19, 2012

1.      Resolution on the number of Board members

The Board proposes that the Extraordinary General Meeting confirm that the number of Board members shall be five (5) instead of the previous four (4).

2.      Election of a new Board member

The Board proposes that the Extraordinary General Meeting shall elect one (1) new member to the Board of the company in addition to the Board members elected at the company’s Annual General Meeting held on December 12, 2011, for the term expiring at the end of the subsequent Annual General Meeting. Sami Alatalo is proposed as new member of the Board. The personal data of the proposed Board member is available on the company’s Web site at www.vaahto.fi.

3.      Amending the financial period and the Articles of Association

The Board proposes to the Extraordinary General Meeting that the normal financial period of the company shall be changed to be January 1 – December 31. The current financial period of the company, September 1, 2011 –August 31, 2012, is proposed to be extended to sixteen (16) months to end on December 31, 2012. Due to the above the Board proposes that Article 8 of the Articles of Association shall be amended as follows:

“Article 8       The company’s financial period starts on January 1 and ends on December 31.”

The new Articles of Association is enclosed to this document in its entirety.

 

ENCLOSURE                                            Proposal for the new Articles of Association