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, 2013, the distributable assets of the parent company are EUR 94,291,974.00 of which the profit of the financial year is EUR 5,387,116.35.

The Board of Directors proposes that the Annual General Meeting to be held on April 10, 2014 resolve to pay EUR 0.02 per share, as dividend based on the adopted balance sheet for the financial period of January 1, 2013 – December 31, 2013. 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, Tuesday, April 15, 2014. The Board of Directors proposes that the dividend be paid on Thursday, April 24, 2014.

The Board of Directors emphasized the result of the Continuing Operations from the financial period ended on 31.12.2013 as a basis for its proposal for distribution of dividend. No significant changes have taken place in the Company´s financial position since the end of the financial year. The Company´s liquidity position is good and in the view of the Board, the proposed distribution does not jeopardize the Company´s ability to fulfill its obligations.

Oulu, February 19, 2014

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