Endomines Finland Plc: Proposals of the Shareholders’ Nomination Committee to the Annual General Meeting 2025

Endomines Finland Plc – Stock Exchange Release – 28.1.2025, at 15:15 EET

Endomines Finland Plc: Proposals of the Shareholders’ Nomination Committee to the Annual General Meeting 2025

Endomines Finland Plc's Shareholders’ Nomination Committee presents the following proposals to the Annual General Meeting 2025.

Number of members of the Board of Directors

The Shareholders' Nomination Committee proposes to the Annual General Meeting that the number of members of the company's Board of Directors be confirmed at five (5).

Composition of the Board of Directors

The Shareholders' Nomination Committee proposes electing the current board members Jukka-Pekka Joensuu, Markus Ekberg, Eeva Ruokonen and Jukka Jokela for a new term and electing Kyösti Kakkonen as a new member. Jeremy Read has announced that he is not available for re-election. The Shareholders' Nomination Committee recommends the re-election of Jukka-Pekka Joensuu as chair of the Board and the election of Kyösti Kakkonen as vice chair of the Board. The term of office of the members continues until the end of the Annual General Meeting 2026. All nominees have given their consent to the position.

Kyösti Kakkonen is a significant influencer in Finnish business life and owns a significant share of Endomines Finland Plc.

Jukka-Pekka Joensuu, Markus Ekberg, Eeva Ruokonen and Jukka Jokela are independent of the company and its significant shareholders. Kyösti Kakkonen is independent of the company, but not of its significant shareholders.

Information about the proposed board members can be found on the company's website.

Regarding the selection procedure for Board members, the Shareholders' Nomination Committee recommends that the shareholders take a stand on the proposal as a whole at the Annual General Meeting. When preparing the proposal, the Shareholders' Nomination Committee has taken into account that the composition of the Board as a whole is in line with the company's needs and follows the recommendations of the Corporate Governance Code.

When making the proposal, the Shareholders' Nomination Committee has taken into account the company's diversity policy and the sufficient competence and experience of the proposed nominees in matters related to the company's industry and business.

Remuneration of the Board of Directors

The Shareholders' Nomination Committee proposes to the Annual General Meeting that the annual remuneration of the Board members is as follows, in accordance with the previous year's remuneration policy:

• Chair of the Board EUR 35 000
• Vice Chair of the Board EUR 25 000
• Board member EUR 20 000

The Shareholders' Nomination Committee proposes that the annual remuneration of the Board members be paid in company shares and cash so that approximately 30% of the annual remuneration amount is paid in company shares and the rest is paid in cash. The company is responsible for the costs and transfer tax arising from the acquisition of the shares. The company's shares will be acquired directly on behalf of the Board members within two (2) weeks after the company's interim report for the period 1 January to 30 June 2025 has been published.

In addition, a meeting fee of EUR 300 is proposed for each physical Board meeting per member who attended the meeting.

• Fees for Committee members (ESG Committee, Audit Committee, Technical and Safety Committee) EUR 2,500 per Board member per Committee on which the Board member serves. EUR 5,000 is proposed as the annual remuneration for the Chair of the Committees. Annual fees for Committees and meeting fees for Board meetings are paid in cash.

Composition of the Shareholders’ Nomination Committee

Endomines Finland Plc's Shareholders’ Nomination Committee consists of the representatives of the two largest shareholders based on the ownership situation on August 31, 2024, and the Chair of the Board of Directors of Endomines Finland Plc. The members of the Shareholders’ Nomination Committee are:

• Kyösti Kakkonen, Chair of the Shareholders’ Nomination Committee
• Ingeborg Åkermarck
• Jukka-Pekka Joensuu, Chair of the Board of Directors of Endomines Finland Plc

Contact Information:

Jukka-Pekka Joensuu
Char of the Board of Directors
Endomines Finland Plc
jukka-pekka.joensuu@eversheds.fi
+358 40 1798855

Minni Lempinen
CFO and Secretary to the Board of Directors
Endomines Finland Plc
minni.lempinen@endomines.com
+358 40 769 3483

Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our mining operations in Pampalo, Ilomantsi region, focus on gold mining and processing, as well as exploration in the Karelian gold line, in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries and create value by transforming natural resources into wealth, an investment that withstands the volatility of global politics. We are a growing mining company that embraces new ways of thinking; we want to leave a positive footprint where we operate, which is why our goal is to grow the Karelian gold line into a significant, sustainable gold-producing region. Endomines is listed on the main list of OMX Helsinki (PAMPALO). www.endomines.com.