Annual report 2016

Board of Directors' proposal

Board of Directors' proposal to the Annual General Meeting

According to the financial statements for 2015, the parent company’s distributable funds total EUR 548,963,852.15 of which the loss for the financial year accounts for EUR 143,182,483.20.

No material changes in the company’s financial standing since the end of the financial period, nor does the solvency test, as referred to in Section 13(2) of the Finnish Limited Liability Companies Act, affect the proposed distributable profits.

The Board of Directors proposes to the Annual General Meeting a dividend of EUR 60,000,000.00 to be distributed and EUR 488,693,852.15 retained in the shareholders' equity.