Proposals of the Shareholders' Nomination Committee to the Annual General Meeting of Wetteri Plc

Proposals of the Shareholders' Nomination Committee to the Annual General Meeting of Wetteri Plc

Wetteri Plc
Stock Exchange Release
10 April 2026 at 3 p.m.

Proposals of the Shareholders' Nomination Committee to the Annual General
Meeting of Wetteri Plc

Wetteri Plc's Shareholders' Nomination Committee has submitted its proposals to
the Board of Directors of the Company for the Annual General Meeting to be held
in 2026. The proposals will also be included in the notice of the 2026 Annual
General Meeting.

Number of the Board of Directors

The Shareholders' Nomination Committee proposes to the Annual General Meeting
that the Company's Board of Directors to have five (5) members.

Composition of the Board of Directors

The Shareholders' Nomination Committee proposes that Aarne Simula and Satu
Mehtälä be re-elected as members of the Board of Directors, and that Mika Aho,
Minna Kurunsaari and Jarmo Rankinen be elected as new members of the Board of
Directors. The Board members would be elected for a term of office commencing at
the Annual General Meeting 2026 and ending at the close of the Annual General
Meeting 2027. All proposed Board members have given their consent to the
position. Of the current Board members, Hannu Pärssinen, Mikael Malmsten and
Martti Haapala are no longer available for re-election.

The Shareholders' Nomination Committee has assessed the independence of the
proposed Board members regarding the Company and its significant shareholders.
According to the assessment of the Nomination Committee, four of the five
proposed Board members are independent of the Company and its significant
shareholders. Aarne Simula is not independent of the Company or its significant
shareholders.

Further information on the proposed Board members is available on the Company's
website at
www.sijoittajat.wetteri.fi/en/governance/board-of-directors/.

The Shareholders' Nomination Committee considers that the proposed Board of
Directors, as a collective body, has the required expertise and experience
particularly with respect to the Company's business, industry, strategy,
development stage and the management of a stock-listed company of a comparable
size. In the recruitment process for Board candidates, the Nomination Committee
emphasized predefined areas of competence and conducted a comprehensive
candidate search, during which several candidates were interviewed. Following
its overall assessment, the Nomination Committee concluded that the proposed
members together form a Board that best meets the competence and expertise
requirements necessary for implementing the Company's strategy, developing its
business and increasing shareholder value.

Chair and Vice chairman of the Board of Directors

The Shareholders' Nomination Committee proposes that Aarne Simula be elected
Chair of the Board of Directors and that Satu Mehtälä be elected Vice chairman
of the Board of Directors.

Remuneration of the Members of the Board of Directors

The Shareholders' Nomination Committee proposes that each ordinary member of the
Board of Directors be paid a fee of EUR 3,500 per month, and that the Chair of
the Board be paid a fee of EUR 6,000 per month. No separate meeting fees would
be paid. Travelling expenses of the Board members are proposed to be reimbursed
in accordance with the Company's travel policy. The Chairs of the Board
committees are proposed to be paid a meeting-specific fee of EUR 500 and
committee members a meeting-specific fee of EUR 300.

Composition of the Shareholders' Nomination Committee

The Shareholders' Nomination Committee of Wetteri Plc comprises the Company's
three largest shareholders: Simula Invest Oy, PM Ruukki Oy and Oy Haapalandia
Invest Ltd. Simula Invest Oy has appointed Aarne Simula as its representative,
PM Ruukki Oy has appointed Markku Kankaala, and Oy Haapalandia Invest Ltd has
appointed Martti Haapala. Aarne Simula acts as Chair of the Nomination
Committee.

WETTERI PLC

Maria Halttunen, CFO
Tel. +358 50 325 4370
[email protected]

For further information:

Aarne Simula
Chair of the Shareholders' Nomination Committee
Tel. +358 40 068 9613
[email protected]

Wetteri Plc - A car dealership from the north, across Finland

Wetteri Plc is a full-service car dealership with more than 60 years of history
in the Finnish car market. Its business consists of three segments: passenger
cars, maintenance services and heavy equipment. The company has grown from a
local car dealership in Oulu into a national operator with 19 locations in
Finland. Wetteri employs approximately 800 automotive professionals. Our goal is
to deliver unrivalled car trade services and to be an excellent partner for our
customers throughout the entire car driving cycle. We are a key player in the
Finnish car market on the journey towards zero-emission driving. More
information: sijoittajat.wetteri.fi/en/.

Distribution:

Nasdaq Helsinki
Key media
www.sijoittajat.wetteri.fi/en/