Report By the Board of Directors

Proposal by the Board of Directors on the Use of the Profit Shown on the Balance Sheet and The Payment of Dividend

According to the parent company´s balance sheet at December 31, 2014, the distributable assets of the parent company are EUR 89,790,981.58 of which the loss of the financial year is EUR -2,448,934.17.

The Board of Directors proposes that the Annual General Meeting to be held on April 15, 2015 resolve to pay EUR 0.04 per share, as dividend based on the adopted balance sheet for the financial period of January 1, 2014 – December 31, 2014. The dividend will be paid to the shareholders who are registered as shareholders in the company´s register of shareholders as maintained by Euroclear Finland Ltd on the dividend record date, Friday, April 17, 2015. The Board of Directors proposes that the dividend be paid on Friday, April 24, 2015.

Oulu February 18, 2015

Seppo Laine
Chairman of the Board
Jorma Halonen
Member of the Board
Juha Hulkko
Member of the Board

Staffan Simberg
Member of the Board

Erkki Veikkolainen
Member of the Board

Jukka Harju